24 Contingent liabilities and guarantees

Guarantees to third parties totalled CHF1,903 million at the reporting date (2008: CHF1,629 million).

CHF million 31 Dec 2008 31 Dec 2009
Guarantees to third parties    
Commercial guarantees from banks and insurance companies 935 1,078
Commercial guarantees 694 825
Total 1,629 1,903
Potential outflow of resources    
Within 12 months 505 730
Within 1 – 5 years 453 412
After 5 years 671 761
Total 1,629 1,903
     

For other commitments relating to interests in joint ventures, we refer to note 11.