10Replacement values of held-for-trading positions
|
CHF thousand |
31.12.2025 |
31.12.2024 |
|
|
|
|
|
Net replacement values |
57,053 |
116,875 |
|
|
|
|
|
Positive replacement values |
103,147 |
241,783 |
|
Third parties |
102,974 |
238,656 |
|
Participants and management bodies 1) |
173 |
- |
|
Investments |
- |
3,127 |
|
|
|
|
|
Negative replacement values |
–46,094 |
–124,908 |
|
Third parties |
–46,052 |
–124,908 |
|
Investments |
–42 |
- |
1) The definition of "Participants and management bodies" can be found in the section further notes in paragraph "Related parties".
There was a decline in the replacement values of the held-for-trading positions, which include forwards concluded in energy trading to generate trading income or margin.