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13 Financial Assets Pledged as Collateral

In CHF million
    Carrying amount
    31.12.2021   31.12.2020
Debt securities reclassified from        
financial assets available for sale   4 140   4 064
Total debt securities pledged as collateral   4 140   4 064
Total financial assets pledged as collateral   4 140   4 064

Financial assets that have been sold under a repurchase agreement or lent under an agreement to return them are not derecognised when all the risks and rewards of ownership are retained substantially by the Swiss Life Group. If the transferee has the right to sell or repledge the financial assets given as collateral, they are reclassified in the balance sheet as financial assets pledged at their respective carrying amounts.