BPCE - 2018 Registration document
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
6.2
GUARANTEE COMMITMENTS
12/31/2018
01/01/2018
in millions of euros
Guarantee commitments given to: credit institutions -
6,113
6,881
customers* -
39,682 45,794
37,434 44,315
TOTAL GUARANTEE COMMITMENTS GIVEN Guarantee commitments received from: credit institutions -
24,045 142,893 166,938
22,426 131,827
customers -
TOTAL GUARANTEE COMMITMENTS RECEIVED 154,253 The guarantees given by CEGC in connection with its activity are treated as insurance policies for accounting purposes, in accordance with IFRS 4 “Insurance contracts.” They are recorded on the * liabilities side of the balance sheet and are not included in guarantees given to customers shown in the table above.
Guarantee commitments are off-balance sheet commitments. “Securities pledged as collateral” are included in Note 5.19 “Transferred financial assets not fully derecognized and other financial assets pledged as collateral”.
“Securities received as collateral” that can be sold or repledged are included in Note 5.19.1.3 “Financial assets received as collateral that can be sold or repledged”.
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Registration document 2018
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