Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 642

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 642
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 its entirety but may have continuing involvement in it. This arises in

asset securitisations where loans and asset backed securities were derecognised as a result of the Group’s involvement with asset

backed securities, residential mortgage backed securities and commercial mortgage backed securities. Continuing involvement largely

arises from providing financing into these structures in the form of retained notes, which do not bear first losses.

The table below shows the potential financial implications of such continuing involvement:

|                                        | Continuing involvement1 
         Carrying amount | Fair value | Maximumexposure to loss2 |     | Gain from continuing involvement 
               For the year ended | Cumulative to 31December |
|:---------------------------------------|------------------------:|-----------:|-------------------------:|:----|---------------------------------:|-------------------------:|
| Type of transfer                       |                      £m |         £m |                       £m |     |                               £m |                       £m |
| 2024                                   |                         |            |                          |     |                                  |                          |
| Asset backed securities                |                      53 |         53 |                      130 |     |                                1 |                        1 |
| Residential mortgage backed securities |                   4,462 |      4,454 |                    4,462 |     |                              194 |                      261 |
| Commercial mortgage backed securities  |                     377 |        334 |                      377 |     |                                3 |                       21 |
| Total                                  |                   4,892 |      4,841 |                    4,969 |     |                              198 |                      283 |
| 2023                                   |                         |            |                          |     |                                  |                          |
| Asset backed securities                |                       2 |          2 |                        2 |     |                                — |                        3 |
| Residential mortgage backed securities |                   1,798 |      1,796 |                    1,798 |     |                               49 |                       68 |
| Commercial mortgage backed securities  |                     392 |        341 |                      392 |     |                                3 |                       19 |
| Total                                  |                   2,192 |      2,139 |                    2,192 |     |                               52 |                       90 |

Notes:

1 Assets which represent the Group’s continuing involvement in derecognised assets are recorded in Loans and advances at amortised cost and Debt securities at FVTPL.

2 Maximum exposure to loss