UBS AG
Version optimisée pour lecteur d'écran pour personnes malvoyantes et aveugles Home | Accessibilité | Version zoom | Plan du site local | Recherche d'offres | Contact | eng deu fra ita | Rechercher
   
Profil UBSActionnaires & analystesMédiasCandidaturesSuccursales UBS
Rapports annuels 2006  
Revue de l'année Financial Report Handbook
     
Introduction
UBS key facts
Who we are
More about us
UBS
Strategy and structure
Industry trends
The making of UBS
Our employees
The UBS workforce
Our Businesses
Global Wealth Management & Business Banking
Wealth Management International & Switzerland
Wealth Management US
Business Banking Switzerland
Global Asset Management
Investment Bank
Corporate Center
Industrial Holdings
Industrial Holdings
Risk management
Risk management and control
Credit risk
Market risk
Operational risk
Treasury management
Introduction
Interest rate and currency management
Liquidity and funding management
Capital management & UBS shares
Capital management
Treasury shares
Distributions to shareholders
UBS shares in 2006
Corporate Governance
Introduction and principles
Group structure and shareholders
Capital structure
Board of Directors
Group Executive Board
Compensation, shareholdings and loans
Shareholders' participation rights
Change of control and defense measures
Auditors
Information policy
Regulation and supervision
Compliance with NYSE listing standards on corporate governance
Senior leadership
Corporate Responsibility
Corporate Responsibility
 

UBS Homepage > Analysts & Investors > Rapports annuels 2006 > Handbook > Introduction

Introduction
Introduction

Treasury, which is part of the Corporate Center, is responsible for the management of UBS’s financial resources.
Treasury, which is part of the Corporate Center, is responsible for the management of UBS’s financial resources.

Our treasury department assumes market risk as a result of its balance sheet and capital management responsibilities. Treasury manages the interest rate risk arising from the funding of non-business items and the transfer of long-term interest rate risk from other Business Groups. It is also responsible for the foreign exchange risk resulting from the multi-currency nature of our business.

Treasury manages UBS's consolidated equity in order to protect our capital ratios and to generate a stable interest income stream.

Treasury: Value at Risk (10-day, 99% confidence, 5 years of historical data)1

Year ended 31.12.06

Year ended 31.12.05

CHF million

Min.

Max.

Average

31.12.06

Min.

Max.

Average

31.12.05

Interest rates

19

72

36

19

31

84

65

62

Foreign exchange

4

51

30

20

3

67

26

30

Diversification effect

2

2

(23)

(12)

2

2

(26)

(30)

Total

25

69

43

27

33

86

65

62

1 For 2005, Treasury VaR differs from Corporate Center VaR, which also included Private Banks up to their sale on 5 December 2005. For 2006, Treasury is the only contributor to Corporate Center VaR. 2 As the minimum and maximum occur on different days for different risk types, it is not meaningful to calculate a portfolio diversification effect.

Information juridique importante: veuillez lire la présente mise en garde avant de poursuivre.
Il est possible que les produits et services présentés dans ces pages électroniques ne soient pas disponibles pour les résidents de certains pays. Pour de plus amples informations, veuillez consulter les restrictions de vente relatives aux produits et services en question.
© UBS 1998-2008. Tous droits réservés.
Privacy Policy

 
Create your own report 
Create your own report

Create your own report by searching and selecting articles of our Annual Reporting products.

Ordre documents 
Downloads