Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 597

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 597
---
 balance sheet as a provision. For wholesale portfolios, the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision. For further information, refer to the Credit risk section for loan commitments and financial guarantees on page 238 . 24 Contingent liabilities and commitments

Accounting for contingent liabilities

Contingent liabilities are possible obligations whose existence will be confirmed only by uncertain future events and present obligations

where the transfer of economic resources is uncertain or cannot be reliably measured. Contingent liabilities are not recognised on the

balance sheet but are disclosed unless the likelihood of an outflow of economic resources is remote.

The following table summarises the nominal principal amount of contingent liabilities and commitments which are not recorded on-

balance sheet:

|                                                                            |    2024 |    2023 |
|                                                                            |      £m |      £m |
| Guarantees and letters of credit pledged as collateral security            |  16,713 |  17,353 |
| Performance guarantees, acceptances and endorsements                       |   8,633 |   7,987 |
| Total contingent liabilities and financial guarantees                      |  25,346 |  25,340 |
| Of which: Financial guarantees and letters of credit carried at fair value |     988 |   1,266 |
| Documentary credits and other short-term trade related transactions        |   1,433 |   2,352 |
| Standby facilities, credit lines and other commitments                     | 421,716 | 388,085 |
| Total commitments1                                                         | 423,149 | 390,437 |
| Of which: Loan commitments carried at fair value                           |  15,350 |  15,203 |

Note:

1 Includes exposures relating to financial assets classified as assets held for sale.

Provisions for expected credit losses held against contingent liabilities and commitments equal £ 439m ( 2023 : £ 504m ) and are reported

in Note 23. Further details on contingent liabilities relating to legal and competition and regulatory matters can be found in Note 25.

| Strategy                                                           | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 413 |
| Notes to the financial statements (continued)                      |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Accruals