Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 445

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 445
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:Credit default swaps685 — — 325 — — Total return swaps1,485 25 (13)1,598 41 (7)Risk participation agreements7,388 — (2)7,499 — (3)Total264,503 2,705 (4,624)274,326 2,725 (4,545)MSRs and mortgage banking:      Interest rate contracts:      Swaps20,696 — — 15,357 — — Written options1,932 32 (6)2,538 39 (3)Purchased options8,910 60 (46)12,716 39 (106)Interest rate lock commitments939 2 (13)746 5 (10)When issued securities, forward rate agreements, forward commitments, and futures5,261 25 (11)4,157 20 (18)Total37,738 119 (76)35,514 103 (137)Total derivatives not designated as hedges302,241 2,824 (4,700)309,840 2,828 (4,682)Total derivatives$416,320 2,824 (4,700)$365,959 2,828 (4,682)Gross amounts in the Consolidated Balance Sheets:    Amounts subject to master netting arrangements and exchange traded derivatives(1,408)1,408  (1,268)1,268 Cash collateral (received) posted for amounts subject to master netting arrangements (450)1,006  (609)817 Net amount $966 $(2,286) $951 $(2,597)

152   Truist Financial Corporation

The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the Consolidated Balance Sheets:December 31, 2024(Dollars in millions)Gross AmountAmount OffsetNet Amount in Consolidated Balance SheetsHeld/Pledged Financial InstrumentsNet AmountDerivative assets:Derivatives subject to master netting arrangement or similar arrangement$1,599 $(1,293)$306 $— $306 Deriv