83 INFORMATION ON OFF-BALANCE SHEET ITEMS 5.28 CONTINGENT ASSETS AND LIABILITIES (in thousands of CHF) 31.12.2022 31.12.2021 Guarantees to secure credits and similar 2,712,533 3,022,200 Performance guarantees and similar 1,724,210 1,286,754 Total contingent liabilities 4,436,743 4,308,954 5.29 COMMITMENT CREDITS (in thousands of CHF) 31.12.2022 31.12.2021 Commitments arising from deferred payments 989,559 1,214,313 Other loans by commitments 97,816 167,852 Total commitment credits 1,087,375 1,382,165 5.30 FIDUCIARY TRANSACTIONS (in thousands of CHF) 31.12.2022 31.12.2021 Fiduciary investments with third-party companies 7,172 687 Fiduciary investments with Group companies and related companies 4,062,953 2,143,672 Fiduciary loans 444 440 Total fiduciary transactions 4,070,569 2,144,799 5.31 MANAGED ASSETS Breakdown of managed assets (in millions of CHF) 31.12.2022 31.12.2021 Type of managed assets Assets under discretionary management 2,438 2,857 Other managed assets 34,914 37,751 Type of managed assets 37,352 40,608 Overview of change in managed assets (in millions of CHF) 31.12.2022 31.12.2021 Total initial managed assets 40,608 39,311 Net new money inflows (+)/outflows (-) 253 205 Change in price, interest, dividends and exchange rate -3,509 1,092 Other effects - - Total final managed assets 37,352 40,608 Net new money inflows/outflows 253 205 - Wealth Management business line 921 -1,039 - ITB business line (International Trade & Transaction Banking) -668 1,244 Assets under discretionary management include assets for which the Bank has been awarded a discretionary management mandate by clients. Other managed assets include eligible assets for added-value services such as investment advice, fund-specific services or global custody services. These assets include Crédit Agricole group funds and unmanaged third-party funds. The criteria used to determine "more-than-custody-only" other assets are defined by the existing link between the final client and the Bank. As result, the assets held by the Bank as part of its global custodian services provided to other financial institutions are not indicated in the above figures. Net inflows/outflows are the result of several factors. Inflows result from the acquisition of new clients and deposits made by existing clients. On the other side, outflows result from existing clients withdrawing some or all of their assets. New or repaid client loans are included under "Net new money inflows/outflows". However, items relating to the return on assets, such as interest, are excluded from "Net new inflows/outflows".
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