Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 44

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 44
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 rate contracts$300,490 414 788 294,127 352 863 Commodity contracts8,005 4 27 4,756 17 10 Foreign exchange contracts3,368 16 321 3,326 12 370 Total derivatives designated as qualifying hedging instruments434 1,136 381 1,243 Derivatives not designated as hedging instrumentsInterest rate contracts10,902,433 24,013 25,643 9,510,281 28,463 30,272 Commodity contracts128,745 4,416 3,194 96,321 2,624 1,623 Equity contracts550,735 13,547 13,422 487,097 15,201 15,606 Foreign exchange contracts3,841,779 30,115 32,215 3,506,412 51,944 50,555 Credit contracts58,699 103 57 47,557 96 50 Total derivatives not designated as hedging instruments72,194 74,531 98,328 98,106 Total derivatives before netting72,628 75,667 98,709 99,349 Netting(54,110)(64,558)(78,697)(83,014)Total$18,518 11,109 20,012 16,335 Balance Sheet OffsettingWe execute substantially all of our derivative transactions under master netting arrangements. When legally enforceable, these master netting arrangements give the ability, in the event of default by the counterparty, to liquidate securities held as collateral and to offset receivables and payables with the same counterparty. We reflect all derivative balances and related cash collateral subject to legally enforceable master netting arrangements on a net basis on our consolidated balance sheet. We do not net non-cash collateral that we receive or pledge against derivative balances on our consolidated balance sheet.For disclosure purposes, we present “Total derivatives, net” which represents the aggregate of our net exposure to each counterparty after considering the balance sheet netting adjustments and any non-cash collateral. We manage derivative exposure by monitoring the credit risk associated with each counterparty using counterparty-specific credit risk limits, using master netting arrangements and obtaining collateral.Table 11.2 provides information on the fair values of derivative assets and liabilities subject to legally enforceable master netting arrangements with the same