Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 560

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 560
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     |                   190,971 | 203,439 |                    2,763 | 3,212 | 193,734 | 206,651 |

Credit risk of financial assets designated at fair value and related credit derivatives

The following table shows the maximum exposure to credit risk, the changes in fair value attributable to changes in credit risk, and the

cumulative changes in fair value since initial recognition for loans and advances. The table does not include debt securities designated at

fair value as they have minimal exposure to credit risk due to limited gross exposure.

|                                                                         | Maximum exposure as at 31 December |       | Changes in fair value during the yearended |      | Cumulative changes in fair value frominception |      |
|                                                                         |                               2024 |  2023 |                                       2024 | 2023 |                                           2024 | 2023 |
|                                                                         |                                 £m |    £m |                                         £m |   £m |                                             £m |   £m |
| Loans and advances designated at fair value,attributable to credit risk |                              2,581 | 3,081 |                                         -1 |    3 |                                             -8 |   -3 |
| Value mitigated by related credit derivatives                           |                                405 |   613 |                                          0 |   -5 |                                              0 |   -5 |

| Strategy                                      | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 385 |
| Notes to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Assets and liabilities held at fair value     |                        |                                  |            |            |                 |     |                     |     |                                            |     |

14 Derivative financial instruments

Accounting for derivatives

Derivative instruments are contracts whose value is derived from one or more underlying financial instruments or indices defined in the

contract. They include swaps, forward-rate agreements, futures, options and combinations of these instruments and primarily affect

the Group’s net interest income, net trading income and derivative assets and liabilities. Notional amounts of the contracts are not

recorded on the balance sheet. Derivatives are used to hedge interest rate, credit risk, inflation risk, exchange rate, commodity equity

exposures, and exposures to certain indices such as house price