UBS AG

Investor Relations

Strategy, Performance & Responsibility

Risk, Treasury & Cap. Mgmt.

Corp. Gov. & Comp. Report

Fin. Statements

Review



	Introduction





	Accounting Principles

	Critical accounting policies





	Management's Report on Internal Control over Financial Reporting

	Financial Statements

	Notes

		Note 1

		Note 2a

		Note 2b

		Note 3

		Note 4

		Note 5

		Note 6

		Note 7

		Note 8

		Note 9a

		Note 9b

		Note 9c

		Note 9d

		Note 10

		Note 11

		Note 12

		Note 13

		Note 14

		Note 15

		Note 16

		Note 17

		Note 18

		Note 19

		Note 20

		Note 21

		Note 22

		Note 23

		Note 24

		Note 25

		Note 26

		Note 27

		Note 28

		Note 29

		Note 30

		Note 31

		Note 32

		Note 33

		Note 34

		Note 35

		Note 36

		Note 37

		Note 38

		Note 39





	Parent Bank Review

	Financial Statements

	Notes to the Financial Statements

	Additional Income Statement Information

	Additional Balance Sheet Information

	Off-Balance Sheet and Other Information

	Corporate Governance and Compensation Report





	A - Introduction

	B - Selected Financial Data

	C - Information on the Company

	D - Information Required by Industry Guide 3





	Sources of information




	Cautionary statement

UBS Homepage > Investor Relations > Annual Reporting 2007 > Financial Statements > Notes > Note 4

Note 4

Net Fee and Commission Income

	For the year ended			% change from
CHF million	31.12.07	31.12.06	31.12.05	31.12.06
Equity underwriting fees	2,564	1,834	1,341	40
Debt underwriting fees	1,178	1,279	1,264	(8)
Total underwriting fees	3,742	3,113	2,605	20
M & A and corporate finance fees	2,768	1,852	1,460	49
Brokerage fees	10,281	8,053	6,718	28
Investment fund fees	7,422	5,858	4,750	27
Fiduciary fees	297	252	212	18
Custodian fees	1,367	1,266	1,176	8
Portfolio and other management and advisory fees	7,790	6,622	5,310	18
Insurance-related and other fees	423	449	372	(6)
Total securities trading and investment activity fees	34,090	27,465	22,603	24
Credit-related fees and commissions	279	269	306	4
Commission income from other services	1,017	1,064	1,027	(4)
Total fee and commission income	35,386	28,798	23,936	23
Brokerage fees paid	2,610	1,904	1,631	37
Other	2,142	1,438	1,121	49
Total fee and commission expense	4,752	3,342	2,752	42
Net fee and commission income	30,634	25,456	21,184	20

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