AFD - 2018 Registration document

6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Notes to the consolidated financial statements

The non-sovereign limit per group of connected counterparties is risk-weighted (according to the type of instrument and the counterparty’s listing) with a ceiling of 12% of the FPGR (i.e. €861M). The single counterparty limit is also set at a risk-weighted 8% of FPGR (€574M). The breakdown by rating is illustrated in the tables below and according to the type of instrument: ❙ Individual limits*

Loan equivalent limit

Equity exposure (FP GR)

Rating

Weighting

AAA AA+

574 574 574 574 574 574 574 574 574 574 522 383 287 230 191 164 861 861 861 861 861 861 861 861 861 861 782 574 430 344 287 246

8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 110% 150% 200% 250% 300% 350% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 110% 150% 200% 250% 300% 350%

AA

AA-

A+

A

A-

BBB+ BBB BBB- BB+

BB

BB-

B+

B

B-

Valid until FP GR approved on 30/06/2019 are published. ❙ Group limits on related counterparties*

Loan equivalent limit

Equity exposure (FP GR)

Rating

Weighting

AAA AA+

12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12%

AA

AA-

A+

A

A-

BBB+ BBB BBB- BB+

BB

BB-

B+

B

B-

* Valid until FP GR approved on 30/06/2019 are published.

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REGISTRATION DOCUMENT 2018