Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 643

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 643
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 includes notional value of undrawn loan commitment, if any.

| Strategy                                      | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 438 |
| Notes to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Scope of consolidation                        |                        |                                  |            |            |                 |     |                     |     |                                            |     |

37 Assets pledged, collateral received and assets transferred

Assets are pledged or transferred as collateral to secure liabilities under repurchase agreements, securitisations and stock lending

agreements or as security deposits relating to derivatives. Assets transferred are non-cash assets transferred to a third party that do

not qualify for derecognition from the Group balance sheet, for example because Barclays retains substantially all the exposure to those

assets under an agreement to repurchase them in the future for a fixed price.

Assets pledged or transferred as collateral include all assets categorised as encumbered in the disclosure on page s 1 99 to 203 o f the

Barclays PLC Pillar 3 Report 2024 (unaudited), other than those held in commercial paper conduits. In these transactions, the Group will

be required to step in to provide financing itself under a liquidity facility if the vehicle cannot access the commercial paper market.

Where non-cash assets are pledged or transferred as collateral for cash received, the asset continues to be recognised in full, and a

related liability is also recognised on the balance sheet. Where non-cash assets are pledged or transferred as collateral in an exchange

for non-cash assets, the transferred asset continues to be recognised in full, and there is no associated liability as the non-cash

collateral received is not recognised on the balance sheet. The Group is unable to use, sell or pledge the transferred assets for the

duration of the transaction and remains exposed to interest rate risk and credit risk on these pledged assets. Unless stated, the

counterparty's recourse is not limited to the transferred assets.

Collateralised transactions, such as securities lending and borrowing, repurchase and derivative transactions are conducted in

accordance with standard terms which are customary in the market.

The following table summarises the nature and carrying amount of the assets pledged as security:

|                                                                   |    2024 |    2023 |
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