Annual Report

Information on off-balance-sheet transactions

20 – Contingent assets and liabilities

Contingent assets and liabilities

in 1,000 CHF31.12.201931.12.2020
Contingent liabilities
Guarantees to secure credits and similar 184,950274,087
Performance guarantees and similar1 156,340263,097
Other contingent liabilities154,791141,465
Total contingent liabilities496,081678,649
Contingent assets
Contingent assets arising from tax losses carried forward 41,81072,056
Other contingent assets --
Total contingent assets41,81072,056
1 The performance guarantees include a guaranteed open amount vis-a-vis third parties that applies to derivative transactions, whose underlying replacement values vary according market conditions. The guarantee is evaluated with a scenario-based risk model and at 31 december 2020 amounted to CHF 137.6 million.

21– Fiduciary transactions

Fiduciary transactions

in 1,000 CHF31.12.201931.12.2020
Fiduciary investments with third-party banks16,9574,219
Total fiduciary transactions16,9574,219

22 – Assets under management

22.1 – Breakdown of managed assets

Breakdown of managed assets

in 1,000 CHF31.12.201931.12.2020
Assets in collective investment schemes managed by the bank100
Assets under discretionary asset management agreements1,196,7612,650,480
Other managed assets206,091,589221,391,698
Total managed assets
(including double counting)2
207,288,350224,042,178
of which, double counting00
1 The fund management is used as the criterion for the reporting of self-administered collective investment instruments.
2 The reported client assets include the custody account assets as well as liabilities arising from client deposits. The category "Liabilities arising from client deposits" also includes customer deposits that are not of an investment nature. Funds in trust and custody-only client relationships are not included. Custody-only client relationships are considered to be banks and institutional clients for which Raiffeisen serves solely as a custodian bank. Nor are assets of institutional investors part of the reported client assets if the business activity is comprised of liquidity or repo investments. Reclassifications between assets under management and unreported assets (or custody-only) are shown as a change in net new money.

22.2 – Change in managed assets

Presentation of the development of managed assets
in 1,000 CHF31.12.201931.12.2020
Total managed assets (including double counting) at 1.1.20201193,422,354207,288,350
net new money inflow/outflow9,600,56616,328,062
price gains / losses, interest, dividends and currency gains / losses4,265,430425,766
other effects00
Total managed assets (including double counting) at 31.12.20201207,288,350224,042,178
1 Net new money changes are calculated by means of the direct method, i.e. the cash inflows and outflows are calculated at client level based on transactions on the level of managed assets. Exchange rate fluctuations, interest and dividend payments, as well as commission and expenses, are excluded in the case of net new money changes.