15 Investment Contracts without Discretionary Participation
Investment contracts without discretionary participation
| In CHF million | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Balance as at 1 January | 18 545 | 22 611 | ||
| Deposits received | 509 | 990 | ||
| Fair value changes | 1 845 | –1 813 | ||
| Interest and bonuses credited | –1 | 0 | ||
| Policy fees and other charges | –53 | –60 | ||
| Deposits released | –1 617 | –1 612 | ||
| Other movements | –33 | –16 | ||
| Reclassifications | – | –897 | ||
| Foreign currency translation differences | –995 | –657 | ||
| Balance as at end of period | 18 201 | 18 545 | ||
Contracts that do not contain significant insurance risk and do not have discretionary participation features are carried at amortised cost or fair value.