

	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 24

Note 24

Pledgeable Off-Balance Sheet Securities

The Group obtains securities which are not recorded on the balance sheet with the right to sell or repledge them as shown in the table below.

CHF million	31.12.07	31.12.06
Fair value of securities received which can be sold or repledged	1,491,567	1,436,827
as collateral under reverse repurchase, securities borrowing and lending arrangements, derivative transactions and other transactions	*1,396,768*	1,342,733
in unsecured borrowings	*94,799*	94,094
thereof sold or repledged	1,011,090	1,069,795
in connection with financing activities	*924,329*	969,608
to satisfy commitments under short sale transactions	*58,039*	87,288
in connection with derivative and other transactions	*28,722*	12,899

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