35 Collateral

Assets Pledged as Collateral
The following table provides details of financial assets which have been sold or otherwise transferred, but which do not qualify for derecognition because substantially all risks and rewards of ownership are retained. Repurchase agreements and securities lending transactions are discussed in Notes 2.7 and 12. Securities pledged under other transactions include debt securities pledged as collateral under reinsurance contracts issued and debt securities pledged as collateral under prime broker contracts to cover margins due in respect of derivative transactions. Other financial assets pledged include cash collateral provided for OTC derivative liabilities.

Assets Pledged as Collateral
In CHF million  
  Carrying amount Fair value
  31.12.2012 31.12.2011 31.12.2012 31.12.2011
Securities under repurchase agreements 1
  964 969 964 969
Securities under derivative and other transactions
  1 815 1 871 1 815 2 000
Other financial assets
  273 608 273 608
Investment property
  227 227 227 227
Total
  3 279 3 675 3 279 3 804
1) of which can be sold or repledged by transferee
  964 969 964 969


Collateral Held
The Group holds marketable securities as collateral in respect of reverse repurchase agreements which it is permitted to sell or repledge in the absence of default by the counterparty.

In CHF million  
  Fair value
  31.12.2012 31.12.2011
Securities under reverse repurchase agreements
  93
Total
  93


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