Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 581

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 581
---
 lending of £ 146,507m ( 2023 : £ 151,725m ) is split by fair value £ 141,773m ( 2023 : £ 149,131m ) and amortised cost £ 4,734m

( 2023 : £ 2,594m ). Repurchase agreements and other similar secured borrowing of £ 195,021m ( 2023 : £ 227,316m ) is split by fair value £ 155,606m ( 2023 : £ 185,715m ) and amortised cost

£ 39,415m ( 2023 : £ 41,601m ).

Derivative assets and liabilities

The ‘Financial instruments’ column identifies financial assets and liabilities that are subject to set-off under netting agreements, such as

the ISDA Master Agreement or derivative exchange or clearing counterparty agreements, whereby all outstanding transactions with

the same counterparty can be offset and close-out netting applied across all outstanding transactions covered by the agreements if an

event of default or other predetermined events occur.

Financial collateral refers to cash and non-cash collateral obtained, typically daily or weekly, to cover the net exposure between

counterparties by enabling the collateral to be realised in an event of default or if other predetermined events occur.

Repurchase and reverse repurchase agreements and other similar secured lending and borrowing

The ‘Financial instruments’ column identifies financial assets and liabilities that are subject to set-off under netting agreements, such as

Global Master Repurchase Agreements and Global Master Securities Lending Agreements, whereby all outstanding transactions with

the same counterparty can be offset and close-out netting applied across all outstanding transactions covered by the agreements if an

event of default or other predetermined events occur.

Financial collateral typically comprises highly liquid securities which are legally transferred and can be liquidated in the event of

counterparty default.

These offsetting and collateral arrangements and other credit risk mitigation strategies used by the Group are further explained in the

Credit risk management section.

| Strategy                                       | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 404 |
| Notes to the financial statements (continued)  |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Assets at amortised cost and other investments |                        |                                  |            |            |                 |