v3.25.4
Offsetting of financial assets and financial liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Disclosure of offsetting of financial assets and financial liabilities
Offsetting of financial assets and financial liabilities
Amounts subject to enforceable netting arrangements
Amounts not
subject to
enforceable
netting
arrangements1
Total
Amounts not set off in the
balance sheet
Gross
amounts
Amounts
offset
Net
amounts
in the
balance
sheet
Financial
instruments,
including non-
cash collateral
Cash
collateral
Net
amount
$m
$m
$m
$m
$m
$m
$m
$m
Financial assets
Derivatives (Note 15)2
330,338
(97,243)
233,095
(202,744)
(26,074)
4,277
4,645
237,740
Reverse repos, stock borrowing and
similar agreements classified as:3
–  trading assets
31,450
(610)
30,840
(30,839)
(1)
—
2,556
33,396
–  non-trading assets
504,986
(224,173)
280,813
(279,149)
(207)
1,457
17,640
298,453
Loans and advances to customers4
39,273
(18,826)
20,447
(17,395)
(81)
2,971
2
20,449
At 31 Dec 2025
906,047
(340,852)
565,195
(530,127)
(26,363)
8,705
24,843
590,038
Derivatives (Note 15)2
372,699
(112,746)
259,953
(230,133)
(22,730)
7,090
8,684
268,637
Reverse repos, stock borrowing and
similar agreements classified as:3
–  trading assets
25,077
(637)
24,440
(24,428)
(10)
2
757
25,197
–  non-trading assets
386,124
(154,133)
231,991
(230,584)
(332)
1,075
20,602
252,593
Loans and advances to customers4
34,582
(16,540)
18,042
(15,313)
(75)
2,654
4
18,046
At 31 Dec 2024
818,482
(284,056)
534,426
(500,458)
(23,147)
10,821
30,047
564,473
Financial liabilities
Derivatives (Note 15)2
329,387
(97,243)
232,144
(201,311)
(28,038)
2,795
5,710
237,854
Repos, stock lending and similar
agreements classified as:3
–  trading liabilities
19,691
(329)
19,362
(19,362)
—
—
1
19,363
–  non-trading liabilities
375,173
(224,454)
150,719
(145,206)
(224)
5,289
54,255
204,974
Customer accounts5
46,444
(18,826)
27,618
(17,395)
(81)
10,142
12
27,630
At 31 Dec 2025
770,695
(340,852)
429,843
(383,274)
(28,343)
18,226
59,978
489,821
Derivatives (Note 15)2
369,287
(112,746)
256,541
(221,232)
(30,334)
4,975
7,907
264,448
Repos, stock lending and similar
agreements classified as:3
–  trading liabilities
18,482
(157)
18,325
(18,326)
—
(1)
6
18,331
–  non-trading liabilities
287,648
(154,613)
133,035
(131,719)
(164)
1,152
47,845
180,880
Customer accounts5
41,409
(16,540)
24,869
(15,313)
(75)
9,481
17
24,886
At 31 Dec 2024
716,826
(284,056)
432,770
(386,590)
(30,573)
15,607
55,775
488,545
1These exposures continue to be secured by financial collateral, but we may not have sought or been able to obtain a legal opinion evidencing enforceability of
the right of offset. 
2At 31 December 2025, the amount of cash margin received that had been offset against the gross derivatives assets was $3.8bn (2024: $5.3bn). The amount of
cash margin paid that had been offset against the gross derivatives liabilities was $11.5bn (2024: $5.6bn).
3For the amount of repos, reverse repos, stock lending, stock borrowing and similar agreements recognised on the balance sheet within ‘Trading assets’ of
$33.4bn (2024: $25.2bn) and ‘Trading liabilities’ of $19.4bn (2024: $18.3bn), see the ‘Funding sources and uses’ table on page 195.
4At 31 December 2025, the total amount of ‘Loans and advances to customers’ was $988.4bn (2024: $930.7bn), of which $20.4bn (2024: $18.0bn) was subject
to offsetting.
5At 31 December 2025, the total amount of ‘Customer accounts’ was $1,786.8bn (2024: $1,655.0bn), of which $27.6bn (2024: $24.9bn) was subject to
offsetting.