Table 9.

Conversion factor: Basel III CET1 Look-through to Book Equity

Basel III CET1_Look-through = 0.52 * Book Equity
Period	CS		UBS		Combined
	Book equity Mio CHF	Basel III CET1 Look-through Mio CHF	Book equity Mio CHF	Basel III CET1 Look-through Mio CHF	Conversion factor Basel III CET1/Book Equity
2011Q4–2013Q4	45′241	23′895	51′802	26′902	0.52

Sources: Book Equity: Quarterly observations gathered via Bloomberg. CET1 Look-through respectively CET1 Fully-applied: Quarterly Financial Reports of CS and UBS. The pro-forma CET1 Look-through figures of CS for Q2 2012 and 2013 and for Q4 2012 were collected from CS Investor Day Presentations, in particular: Barclays Global Financial Services Conference, September 12, 2012 and September 11, 2013