Financial instruments - valuation - Adjustments (Details) - GBP (£) £ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
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| Financial instruments | ||
| Funding - FVA | £ (16) | £ (11) |
| Credit - CVA | 174 | 179 |
| Bid - offer | 61 | 60 |
| Product and deal specific | 96 | 124 |
| Total | £ 315 | £ 352 |
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- References No definition available.
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- Definition The amount of Bid offer represents the fair value positions are adjusted to bid (long positions) or offer (short positions) levels, by marking individual cash positions directly to bid or offer or by taking bid-offer reserves calculated on a portfolio basis for derivatives exposures. No definition available.
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- Definition The amount of Credit valuation adjustments represent an estimate of the adjustment to fair value that a market participant would make to incorporate the counterparty credit risk inherent in derivative exposures. No definition available.
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- Definition The amount of financial instrument valuation adjustments in the trading books. Adjustments are made to mid-market valuations to cover bid-offer spread, liquidity and credit risk. No definition available.
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- Definition The amount of Funding valuation adjustments represents an estimate of the adjustment to fair value that a market participant would make to incorporate funding costs and benefits that arise in relation to uncollateralised derivative exposures No definition available.
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- Definition The amount of product and deal specific adjustment in financial instruments valuation. No definition available.
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