Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 160

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 11
Chunk 160
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 not available, we classify the credit derivative as non-investment grade.Our maximum exposure to sold credit derivatives is managed through posted collateral, which may include cash and non-cash collateral, and purchased credit derivatives with identical or similar reference positions in order to achieve our desired credit risk profile. Our credit risk management approach is designed to provide the ability to recover amounts that would be paid under sold credit derivatives.Credit-Risk Contingent FeaturesCertain of our derivative contracts contain provisions whereby if the credit rating of our debt were to be downgraded by certain major credit rating agencies, the counterparty could demand additional collateral or require termination or replacement of derivative instruments in a net liability position. Table 11.10 illustrates our exposure to OTC bilateral derivative contracts with credit-risk contingent features, collateral we have posted, and the additional collateral we would be required to post if the credit rating of our debt was downgraded below investment grade.Table 11.10:  Credit-Risk Contingent Features(in billions)Mar 31,2025Dec 31,2024Net derivative liabilities with credit-risk contingent features$24.3 23.8 Collateral posted21.6 19.8 Additional collateral to be posted upon a below investment grade credit rating (1)2.7 4.1 (1)Any credit rating below investment grade requires us to post the maximum amount of collateral.

Wells Fargo & Company95