Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 47

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 47
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 contracts5,563 24 183 3,326 12 370 Total derivatives designated as qualifying hedging instruments490 1,148 381 1,243 Derivatives not designated as hedging instrumentsInterest rate contracts12,869,084 22,766 23,204 9,510,281 28,463 30,272 Commodity contracts122,956 3,131 3,507 96,321 2,624 1,623 Equity contracts639,208 22,588 23,082 487,097 15,201 15,606 Foreign exchange contracts5,174,800 30,817 27,707 3,506,412 51,944 50,555 Credit contracts62,918 99 117 47,557 96 50 Total derivatives not designated 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