3 Net trading income

audited information
(XLS:) Download

in CHF thousands

  

2018

  

2017

  

+/− %

*

The LLB Group uses interest rate swaps for trading and hedging purposes. If the interest rate swaps do not fulfil the approval criteria according to IAS 39 in order to be booked as hedging transactions, they are treated as interest rate swaps for trading purposes.

**

Due to the application of IFRS 9, the line “Trading portfolio assets” was integrated in Note 4 (see Annual Report 2017).

Foreign exchange trading

  

64'527

  

59'391

  

8.6

Foreign note trading

  

–550

  

1'727

  

 

Precious metals trading

  

407

  

204

  

99.4

Interest rate instruments *

  

9'412

  

21'535

  

–56.3

Total net trading income **

  

73'796

  

82'857

  

–10.9