3 Net trading income

(unaudited)
(XLS:) Download

in CHF thousands

  

First half 2019

  

First half 2018

  

+/– %

*

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.

Foreign exchange trading

  

26'215

  

28'645

  

–8.5

Foreign note trading

  

–200

  

–176

  

13.6

Precious metals trading

  

649

  

401

  

61.8

Interest rate instruments *

  

107

  

5'508

  

–98.1

Total net trading income

  

26'771

  

34'379

  

–22.1