Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 167

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 11
Chunk 167
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 as hedging instruments79,401 77,617 98,328 98,106 Total derivatives before netting79,891 78,765 98,709 99,349 Netting(57,866)(67,240)(78,697)(83,014)Total$22,025 11,525 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 counterparty, the balance sheet netting adjustments and the resulting net fair value amount recorded on our consolidated balance sheet, as well as the non-cash collateral associated with such arrangements. In addition to the netting amounts included in the table, we also have balance sheet netting related to resale and repurchase agreements that are disclosed within Note 15 (Securities Financing Activities).

Wells Fargo & Company91

Note 11:  Derivatives (continued)

Table 11.2:  Offsetting of Derivative Assets and LiabilitiesSeptember 30, 2025December 31, 2024(in millions)Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities Interest rate contracts Over-the-counter (OTC)$21,590 22,223 26,350 27,786  OTC cleared447 552 961 1,126  Exchange traded119 108 178 121  Total interest rate contracts22,156 22,883 27,489 29,033  Commodity contracts OTC2,339 3