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TRANSFERS OF FINANCIAL ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure of transferred financial assets that are not derecognised in their entirety [Abstract]  
Schedule of Transferred Assets and Liabilities
The table below sets out the carrying values of the transferred assets and the associated liabilities. For repurchase and securities lending transactions, the associated liabilities represent the Group’s obligation to repurchase the transferred assets. For securitisation programmes, the associated liabilities represent the external notes in issue (note 30). The liabilities shown in the table below have recourse to the transferred assets.
20222021
Carrying
value of
transferred
assets
£m
Carrying
value of
associated
liabilities
£m
Carrying
value of
transferred
assets
£m
Carrying
value of
associated
liabilities
£m
Repurchase and securities lending transactions
Financial assets at fair value through profit or loss6,370 1,483 4,345 2,030 
Financial assets at fair value through other comprehensive income8,803 6,990 8,085 6,244 
Securitisation programmes
Financial assets at amortised cost:
Loans and advances to customers1
29,384 2,806 31,406 3,705 
1    The carrying value of associated liabilities excludes securitisation notes held by the Group of £22,343 million (31 December 2021: £24,010 million).