UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM
10-K



(Mark
One)



| | ☒ | ANNUAL
                                                                                                                                                                                 REPORT
                                                                                                                                                                                 PURSUANT
                                                                                                                                                                                 TO
                                                                                                                                                                                 SECTION
                                                                                                                                                                                 13
                                                                                                                                                                                 OR
                                                                                                                                                                                 15(d)
                                                                                                                                                                                 OF
                                                                                                                                                                                 THE
                                                                                                                                                                                 SECURITIES
                                                                                                                                                                                 EXCHANGE
                                                                                                                                                                                 ACT
                                                                                                                                                                                 OF
                                                                                                                                                                                 1934
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



For
the fiscal year ended December 31, 2017
or



| | ☐ | TRANSITION
                                                                                                                                                                                  REPORT
                                                                                                                                                                                  PURSUANT
                                                                                                                                                                                  TO
                                                                                                                                                                                  SECTION
                                                                                                                                                                                  13
                                                                                                                                                                                  OR
                                                                                                                                                                                  15(d)
                                                                                                                                                                                  OF
                                                                                                                                                                                  THE
                                                                                                                                                                                  SECURITIES
                                                                                                                                                                                  EXCHANGE
                                                                                                                                                                                  ACT
                                                                                                                                                                                  OF
                                                                                                                                                                                  1934
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



For
the transition period from _____ to _____
Commission file number of the issuing entity: 333-177354-02

Central
Index Key Number of the issuing entity: 0001552328

UBS-Barclays
Commercial Mortgage Trust 2012-C2

(exact
name of the issuing entity as specified in its charter)



Central
Index Key Number of the depositor: 0001532799

UBS
Commercial Mortgage Securitization Corp.

(exact
name of the depositor as specified in its charter)



Central
Index Key Number of the sponsor: 0001541886

UBS
Real Estate Securities Inc.

(exact
name of the sponsor as specified in its charter)



Central
Index Key Number of the sponsor: 0000312070

Barclays
Bank PLC

(exact
name of the sponsor as specified in its charter)



Central
Index Key Number of the sponsor: 0001682523

Starwood
Mortgage Funding II LLC

(exact
name of the sponsor as specified in its charter)

(formerly
known as Archetype Mortgage Funding II LLC)



Central
Index Key Number of the sponsor: 0001089877

KeyBank
National Association

(exact
name of the sponsor as specified in its charter)



|New
York(State or other
jurisdiction ofincorporation or organization ofthe issuing entity) | 46-061366546-0621519(I.R.S. EmployerIdentification Numbers)
|------------------------------------------------------------------------------------------ | -----------------------------------------------------------

c/o U.S. Bank National Association

as
Certificate Administrator

190
S. LaSalle Street

Chicago, IL

(Address of principal executive offices
of the issuing entity)



60603













(Zip Code)



Registrant’s telephone number,
including area code:

(212)
713-2000



Securities
registered pursuant to Section 12(b) of the Act: None.



Securities
registered pursuant to Section 12(g) of the Act: None.



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.   ☐   Yes   ☒   No



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.   ☐   Yes   ☒   No



Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.   ☒   Yes   ☐   No



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during
the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).



Not
applicable.



Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.



Not
applicable.



Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting
company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”,
“smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.





|Large accelerated filer | ☐                                               |  | Accelerated filer         | ☐
|----------------------- | ----------------------------------------------- |  | ------------------------- | -
|                        |                                                 |  |                           |  
|Non-accelerated filer   | ☒ (Do not check if a smaller reporting company) |  | Smaller reporting company | ☐
|                        |                                                 |  |                           |  
|                        |                                                 |  | Emerging growth company   | ☐



If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   ☐   Yes   ☒   No



State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant’s most recently completed second fiscal quarter.



Not
applicable.



Indicate
by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  ☐   Yes   ☐   No



Not
applicable.



Indicate
the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.



Not
applicable.



DOCUMENTS
INCORPORATED BY REFERENCE



List hereunder
the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which
the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus
filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification
purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).





2







Not applicable.












3







EXPLANATORY NOTE



This Annual Report on Form 10-K includes assessments of compliance
with applicable servicing criteria and accountants’ attestation reports from CoreLogic Commercial Real Estate Services, Inc.
and National Tax Search, LLC. These entities were engaged by the master servicer under the Pooling and Servicing Agreement to remit
tax payments received from the escrow accounts of borrowers to local taxing authorities, to report tax amounts due, to verify tax
parcel information, and to verify non-escrow tax payments. These servicing functions are included within the servicing criteria
set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB. Therefore, under the principles-based definition of “servicer”
set forth in Item 1101(j) of Regulation AB that looks to the functions that an entity performs, these vendors are “servicers”
for the purposes of Item 1122 of Regulation AB. See Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).



PART I



Item 1. Business.



Omitted.



Item 1A. Risk Factors.



Omitted.



Item 1B. Unresolved Staff Comments.



None.



Item 2. Properties.



Omitted.



Item 3. Legal Proceedings.



Omitted.



Item 4. Mine Safety Disclosures.



Not applicable.



PART II



Item 5. Market for Registrant’s Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities.



Omitted.



Item 6. Selected Financial Data.



Omitted.



Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.



Omitted.



Item 7A. Quantitative and Qualitative Disclosures About Market
Risk.



Omitted.



Item 8. Financial Statements and Supplementary Data.



Omitted.





4







Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure.



Omitted.



Item 9A. Controls and Procedures.



Omitted.



Item 9B. Other Information.



None.



PART III



Item 10. Directors, Executive Officers and Corporate Governance.



Omitted.



Item 11. Executive Compensation.



Omitted.



Item 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters.



Omitted.



Item 13. Certain Relationships and Related Transactions, and
Director Independence.



Omitted.



Item 14. Principal Accounting Fees and Services.



Omitted.



ADDITIONAL DISCLOSURE ITEMS FOR REGULATION
AB



Item 1112(b) of Regulation AB, Significant Obligor Financial
Information.



The 110 William Street Mortgage Loan, which represented 10% or more
of the pool assets held by the issuing entity as of its cut-off date, is no longer a pool asset.



Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider
Financial Information.



No entity or group of affiliated
entities provides any external credit enhancement or other support for the certificates within this transaction as described under
Item 1114(a) of Regulation AB.



Item 1115(b) of Regulation AB, Certain Derivatives Instruments
(Financial Information).



No entity or group of affiliated entities provides any derivative
instruments or other support for the certificates within this transaction as described under Item 1115 of Regulation AB.



Item 1117 of Regulation AB, Legal Proceedings.





The registrant knows of no material pending legal proceeding involving
the trust or any party related to the trust, other than routine litigation incidental to the duties of those respective parties,
and the following, with respect to CWCapital Asset Management LLC, as special servicer and U.S. Bank, National Association, as
trustee, certificate administrator and custodian:



On December 1, 2017, a complaint against CWCapital Asset Management
LLC (“CWCAM”) and others was filed in the United States District Court for the Southern District of New York styled
as CWCapital Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463. The gravamen of the complaint alleges breaches
of a contract and fiduciary duties by CWCAM’s affiliate, CWCapital Investments LLC in its capacity as collateral





5







manager
for the collateralized debt obligation transaction involving CWCapital Cobalt Vr Ltd. In total, there are fourteen (14) counts
pled in the complaint. Of those 14, five (5) claims are asserted against CWCAM for aiding and abetting breach of fiduciary duty,
conversion, and unjust enrichment. CWCAM denies the claims and intends to vigorously defend itself against these claims.



Since 2014 various plaintiffs or groups of plaintiffs, primarily
investors, have filed claims against U.S. Bank National Association (“U.S. Bank”), in its capacity as trustee or successor
trustee (as the case may be) under certain residential mortgage-backed securities (“RMBS”) trusts. The plaintiffs or
plaintiff groups have filed substantially similar complaints against other RMBS trustees, including Deutsche Bank, Citibank, HSBC,
Bank of New York Mellon and Wells Fargo. The complaints against U.S. Bank allege the trustee caused losses to investors as a result
of alleged failures by the sponsors, mortgage loan sellers and servicers for these RMBS trusts and assert causes of action based
upon the trustee’s purported failure to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations
and warranties concerning loan quality. The complaints also assert that the trustee failed to notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and that the trustee purportedly
failed to abide by a heightened standard of care following alleged events of default.



Currently U.S. Bank is a defendant in multiple actions alleging
individual or class action claims against the trustee with respect to multiple trusts as described above with the most substantial
case being: BlackRock Balanced Capital Portfolio et al v. U.S. Bank National Association, No. 605204/2015 (N.Y. Sup.
Ct.) (class action alleging claims with respect to approximately 770 trusts) and its companion case BlackRock Core Bond Portfolio
et al v. U.S Bank National Association, No. 14-cv-9401 (S.D.N.Y.). Some of the trusts implicated in the aforementioned Blackrock
cases, as well as other trusts, are involved in actions brought by separate groups of plaintiffs related to no more than 100 trusts
per case.



U.S. Bank cannot assure you as to the outcome of any of the litigation, or the possible impact of these litigations
on the trustee or the RMBS trusts. However, U.S. Bank denies liability and believes that it has performed its obligations under
the RMBS trusts in good faith, that its actions were not the cause of losses to investors and that it has meritorious defenses,
and it intends to contest the plaintiffs’ claims vigorously.



Item 1119 of Regulation AB, Affiliations and Certain Relationships
and Related Transactions.



The information regarding this Item has been previously provided
in a prospectus supplement of the Registrant relating to the issuing entity filed on July 16, 2012 pursuant to Rule 424(b)(5).



Item 1122 of Regulation AB, Compliance with Applicable Servicing
Criteria.



The reports on assessments of compliance with the servicing criteria
for asset-backed securities and related attestation reports on such assessments of compliance with respect to the mortgage loans
are attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the Pooling and Servicing Agreement
incorporated by reference as Exhibit 4 to this Annual Report on Form 10-K is a chart identifying the entities participating in
a servicing function for the transaction responsible for each applicable servicing criteria set forth in Item 1122(d).



Item 1123 of Regulation AB, Servicer Compliance Statement.



The servicer compliance statements are attached as Exhibits to this
Annual Report on Form 10-K.



PART IV



Item 15. Exhibits, Financial Statement Schedules



(a) The following is a list of documents filed as part of this Annual
Report on Form 10-K:



(1) Not applicable



(2) Not applicable



(3) See below



| | 4 | Pooling and Servicing Agreement, dated as of July 1, 2012, by and among UBS Commercial Mortgage Securitization Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor, and U.S. Bank National Association, as Trustee, Certificate Administrator, Paying Agent and Custodian (filed as Exhibit 4 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein).
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 31 | Rule 13a-14(d)/15d-14(d) Certifications.
| | -- | ----------------------------------------



| | 33 | Reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------



| | 33.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------



| | 33.2 | CWCapital Asset Management LLC, as Special Servicer
| | ---- | ---------------------------------------------------





6









| | 33.3 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian
| | ---- | -----------------------------------------------------------------------------------



| | 33.4 | Pentalpha Surveillance LLC, as Operating Advisor
| | ---- | ------------------------------------------------



| | 33.5 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant
| | ---- | ----------------------------------------------------------------------------------



| | 33.6 | National Tax Search, LLC, as Servicing Function Participant
| | ---- | -----------------------------------------------------------



| | 34 | Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------------------



| | 34.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------



| | 34.2 | CWCapital Asset Management LLC, as Special Servicer
| | ---- | ---------------------------------------------------



| | 34.3 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian
| | ---- | -----------------------------------------------------------------------------------



| | 34.4 | Pentalpha Surveillance LLC, as Operating Advisor
| | ---- | ------------------------------------------------



| | 34.5 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant
| | ---- | ----------------------------------------------------------------------------------



| | 34.6 | National Tax Search, LLC, as Servicing Function Participant
| | ---- | -----------------------------------------------------------



| | 35 | Servicer compliance statements.
| | -- | -------------------------------



| | 35.1 | Wells Fargo Bank, National Association, as Master Servicer
| | ---- | ----------------------------------------------------------



| | 35.2 | CWCapital Asset Management LLC, as Special Servicer
| | ---- | ---------------------------------------------------



| | 35.3 | U.S. Bank National Association, as Certificate Administrator
| | ---- | ------------------------------------------------------------



| | 99.1 | Mortgage Loan Purchase Agreement, dated as of July 17, 2012, among UBS Real Estate Securities Inc., UBS Commercial Mortgage Securitization Corp. and Barclays Bank PLC (filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein)
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.2 | Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between Barclays Bank, PLC and UBS Commercial Mortgage Securitization Corp. (filed as Exhibit 99.2 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein)
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.3 | Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between Archetype Mortgage Funding II LLC and UBS Commercial Mortgage Securitization Corp. (filed as Exhibit 99.3 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.4 | Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between KeyBank National Association and UBS Commercial Mortgage Securitization Corp. (filed as Exhibit 99.4 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



(b)	The exhibits required to be filed by the Registrant pursuant
to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof.



(c)	Not Applicable.





7







SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



|UBS Commercial Mortgage Securitization Corp.
(Depositor)                                 | 
|---------------------------------------------------------------------------------------- | 
|                                                                                         | 
|/s/ Nicolas Galeone                                                                      | 
|Nicolas Galeone, President
(senior officer in
charge of securitization of the depositor) | 
|                                                                                         | 
|Date: March 22, 2018                                                                     | 
|                                                                                         | 
|/s/ David Schell                                                                         | 
|David Schell, Managing Director                                                          | 
|                                                                                         | 
|Date: March 22, 2018                                                                     | 



8