Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 168

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 11
Chunk 168
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,050 1,936 1,121  Exchange traded385 350 301 327  Total commodity contracts2,724 3,400 2,237 1,448  Equity contracts OTC8,302 13,072 6,139 9,977  Exchange traded12,734 8,446 7,195 4,271  Total equity contracts21,036 21,518 13,334 14,248  Foreign exchange contracts OTC30,447 27,704 51,541 50,654  Total foreign exchange contracts30,447 27,704 51,541 50,654  Credit contracts OTC96 112 91 46  Total credit contracts96 112 91 46 Total derivatives subject to enforceable master netting arrangements, gross76,459 75,617 94,692 95,429  Less: Gross amounts offset Counterparty netting (1)(53,709)(53,515)(69,080)(68,945) Cash collateral netting(4,157)(13,725)(9,617)(14,069)Total derivatives subject to enforceable master netting arrangements, net18,593 8,377 15,995 12,415 Derivatives not subject to enforceable master netting arrangements3,432 3,148 4,017 3,920 Total derivatives recognized in consolidated balance sheet, net22,025 11,525 20,012 16,335  Non-cash collateral(4,376)(2,071)(4,024)(2,853)Total derivatives, net$17,649 9,454 15,988 13,482 (1)Represents amounts with counterparties subject to enforceable master netting arrangements that have been offset in our consolidated balance sheet, including portfolio level valuation adjustments related to customer accommodation and other trading derivatives. These valuation adjustments were primarily related to interest rate and foreign exchange contracts. Table 11.7 and Table 11.8 present information related to derivative valuation adjustments.Fair Value and Cash Flow HedgesFor fair value hedges, we use interest rate swaps to convert certain of our fixed-rate long-term debt and time certificates of deposit to floating rates to hedge our exposure to interest rate risk. We also enter into cross-currency swaps, cross-currency interest rate swaps