Also, as part of the rescue transaction, the PLB was set up on 19 March 2023 by the Swiss government in the amount of up to CHF 100 billion. It allowed the SNB to provide sufficient liquidity support to Credit Suisse, backed by a federal default guarantee. All loans under the PLB were fully repaid by Credit Suisse as of the end of May 2023. Following a comprehensive review of the funding situation, UBS has decided to voluntarily terminate the PLB agreement with the SNB as of 11 August 2023. Through 31 July 2023, Credit Suisse expensed a commitment fee and a risk premium totaling CHF 214 million, including approximately CHF 61 million to the SNB and CHF 153 million to the Swiss Confederation.