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,
2018
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 of incorporation or organization of the issuing entity)
46-0613665
46-0621519 (I.R.S. Employer Identification 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, a 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).  Not applicable.  
  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.  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.  No single obligor represents 10% or more of the pool assets held
by the issuing entity.  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 U.S. Bank, National Association, as trustee, as certificate administrator and as custodian: 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. Previously, U.S. Bank
disclosed that the most substantial case was: 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.) (collectively, the “BlackRock cases”).
U.S. Bank has entered into a settlement agreement that will resolve the BlackRock cases following approval of the dismissals by
the applicable court. 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).  The report on assessment of compliance with applicable servicing
criteria furnished pursuant to Item 1122 of Regulation AB by CWCapital Asset Management LLC (“CWCAM”) discloses
that a material instance of noncompliance occurred, as described below: Material Instance of Noncompliance: 1122(d)(2)(vii): “Reconciliations are prepared
on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations: (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement
cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other
than the person who prepared the reconciling items; and (D) contain explanations for reconciling items. These reconciling items
are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction
agreements.” The instance of material noncompliance, for the reporting
period included a failure to complete the required bank reconciliations within 30 calendar days after the bank statement cutoff
date. In five of the twelve months related to the reporting period, the required reconciliations were not completed within the
30 calendar days requirement as follows: February 2018: bank reconciliations were prepared on June
22, 2018 March 2018: bank reconciliations were prepared on May
1, 2018 September 2018: bank reconciliations were prepared on
November 6, 2018 November 2018: bank reconciliations were prepared on February
19, 2019 December 2018: bank reconciliations were prepared on February
6, 2019 The identified instances did involve the servicing of
assets included in this securitization. Steps Taken to Remedy the Material Instance of Noncompliance In response to the lack of adherence to company policy
and procedures, CWCAM’s Compliance Committee reviewed the reasons for noncompliance and added two additional procedures to
supplement its existing procedures: 1) the accounting department
has added the completion of bank account reconciliations within 30 calendar days to its monthly closing checklist, which is reviewed
and signed off by a CWCAM officer; and 2) the Chief Financial Officer
has set up a monthly electronic reminder requiring that the completed bank reconciliations be forwarded to the CFO for an additional
layer of review.  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  4Pooling 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).  31Rule 13a-14(d)/15d-14(d) Certifications.  33Reports on assessment of compliance with servicing criteria for asset-backed securities.  33.1Wells Fargo Bank, National Association, as Master Servicer  33.2CWCapital Asset Management LLC, as Special Servicer  33.3U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian  33.4Pentalpha Surveillance LLC, as Operating Advisor  33.5CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant  33.6National Tax Search, LLC, as Servicing Function Participant  34Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.  34.1Wells Fargo Bank, National Association, as Master Servicer  34.2CWCapital Asset Management LLC, as Special Servicer  34.3U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian  34.4Pentalpha Surveillance LLC, as Operating Advisor  34.5CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant  34.6National Tax Search, LLC, as Servicing Function Participant  35Servicer compliance statements.  35.1Wells Fargo Bank, National Association, as Master Servicer  35.2CWCapital Asset Management LLC, as Special Servicer  35.3U.S. Bank National Association, as Certificate Administrator  99.1Mortgage 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)  99.2Mortgage 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)  99.3Mortgage 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)  99.4Mortgage 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.   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/ Nicholas GaleoneNicholas Galeone, President
    (senior officer in charge of securitization of the depositor)Date: March 27, 2019/s/ David SchellDavid Schell, Managing DirectorDate: March [●], 2019