Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 47

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 47
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 under master netting arrangements. When legally enforceable, these master netting arrangements give the ability, in the event of default by the counterparty, to liquidate securities held as collateral and to offset receivables and payables with the same counterparty. We reflect all derivative balances and related cash collateral subject to legally enforceable master netting arrangements on a net basis on our consolidated balance sheet. We do not net non-cash collateral that we receive or pledge against derivative balances on our consolidated balance sheet.For disclosure purposes, we present Total derivatives, net which represents the aggregate of our net exposure to each counterparty after considering the balance sheet netting adjustments and any non-cash collateral. We manage derivative exposure by monitoring the credit risk associated with each counterparty using counterparty-specific credit risk limits, using master netting arrangements and obtaining collateral.Table 11.2 provides information on the fair values of derivative assets and liabilities subject to legally enforceable master netting arrangements with the same counterparty, the balance sheet netting adjustments and the resulting net fair value amount recorded on our consolidated balance sheet, as well as the non-cash collateral associated with such arrangements. In addition to the netting amounts included in the table, we also have balance sheet netting related to resale and repurchase agreements that are disclosed within Note 15 (Securities Financing Activities).

92Wells Fargo & Company

Table 11.2:  Offsetting of Derivative Assets and Liabilities June 30, 2025December 31, 2024(in millions)Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities Interest rate contracts Over-the-counter (OTC)$22,676 24,233 26,350 27,786  OTC cleared917 794 961 1,126  Exchange traded184 152 178 121  Total interest rate contracts23,777 25,179 27,489 29,033  Commodity contracts OTC2,388 2,221 1,936 1,121  Exchange traded399 453 301 327  Total commodity contracts2,787 2,674 2,237 1,448  Equity contracts OTC7,702 11,338 6,139 9,977  Exchange traded9,565 6,567 7,195 4,271  Total equity contracts17,267 17,905 13,334 14