Strategic Shareholder Climate and Risk Financial Financial Barclays PLC 503 report information sustainability report Governance review review statements Annual Report 2022 Notes to the financial statements (continued) Scope of consolidation Summary of interests in unconsolidated structured entities Short-term traded Secured financing interests Traded derivatives Other interests Total £m £m £m £m £m As at 31 December 2022 Assets Trading portfolio assets — 8,632 — — 8,632 Financial assets at fair value through the income statement 75,166 — — 2,459 77,625 Derivative financial instruments — — 4,555 — 4,555 Financial assets at fair value through other comprehensive income — — — 423 423 Loans and advances at amortised cost — — — 44,292 44,292 Reverse repurchase agreements and other similar secured lending 117 — — — 117 Other assets — — — 69 69 Total assets 75,283 8,632 4,555 47,243 135,713 Liabilities — Derivative financial instruments — — 8,460 — 8,460 As at 31 December 2021 Assets Trading portfolio assets — 7,170 — — 7,170 Financial assets at fair value through the income statement 61,816 — — 3,490 65,306 Derivative financial instruments — — 5,160 — 5,160 Financial assets at fair value through other comprehensive income — — — 91 91 Loans and advances at amortised cost — — — 28,227 28,227 Reverse repurchase agreements and other similar secured lending 104 — — — 104 Other assets — — — 17 17 Total assets 61,920 7,170 5,160 31,825 106,075 Liabilities Derivative financial instruments — — 9,543 — 9,543 Secured financing arrangements, short-term traded interests and traded derivatives are typically managed under Market risk management policies described in the Market risk management section which includes an indication of the change of risk measures compared to last year. For this reason, the total assets of these entities are not considered meaningful for the purposes of understanding the related risks and so have not been presented. Other interests include conduits and lending where the interest is driven by normal customer demand. As at 31 December 2022, there were 6,267 (2021: 5,891) structured entities that Barclays entered into transactions with. Secured financing The Group routinely enters into reverse repurchase contracts, margin lending, stock borrowing and similar arrangements on normal commercial terms where the counterparty to the arrangement is a structured entity. Due to the nature of these arrangements, especially the transfer of collateral and ongoing margining, the Group is able to manage its variable exposure to the performance of the structured entity counterparty. The counterparties included in secured financing mainly include hedge fund limited structures, investment companies and special purpose entities. Short-term traded interests As part of its market making activities, the Group buys and sells interests in structured vehicles, which are predominantly debt securities issued by asset securitisation vehicles. Such interests are typically held individually or as part of a larger portfolio for no more than 90 days. In such cases, the Group typically has no other involvement with the structured entity other than the securities it holds as part of trading activities and its maximum exposure to loss is restricted to the carrying value of the asset. Traded derivatives The Group enters into a variety of derivative contracts with structured entities which reference market risk variables such as interest rates, equities, foreign exchange rates and credit indices among other things. The main derivative types which are considered interests in structured entities include equity options, index-based and entity-specific credit default swaps, and total return swaps. Interest rate swaps and foreign exchange derivatives that are not complex and which expose the Group to insignificant credit risk by being senior in the payment waterfall of a securitisation and derivatives that are determined to introduce risk or variability to a structured entity are not considered to be an interest in an entity and have been excluded from the disclosures. A description of the types of derivatives and the risk management practices are detailed in Note 14. The risk of loss may be mitigated through ongoing margining requirements as well as a right to cash flows from the structured entity which are senior in the payment