BPCE - 2018 Registration document
5 FINANCIAL REPORT
BPCE parent company annual financial statements
4.2
FORWARD FINANCIAL INSTRUMENTS
4.2.1
Financial instruments and foreign exchange futures
12/31/2018
12/31/2017
Hedging transactions
Other transactions
Fair value
Hedging transactions
Other transactions
Fair value
Total
Total
in millions of euros
Forward transactions Interest rate contracts Foreign currency contracts
0 0 0
0 0 0
0 0 0
Other contracts
Transactions on organized markets Forward rate agreements (FRA)
0
0
0
0
0
0
0 0
0
Interest rate swaps
117,017 28,073 21,726
535 117,552
1,790
101,639 14,715 18,020
1,158 102,797
2,225
Foreign exchange swaps
28,073 21,726
74
14,715 18,020
(23)
Currency swaps
213
(317)
Other foreign currency contracts
301
301
0
243
243
6
Other forward and futures contracts
337
4,363
4,700
(6)
207
4,351
4,558
17
Over-the-counter transactions
167,454
4,898 172,352
2,071
134,824
5,509 140,333
1,908
TOTAL FORWARD TRANSACTIONS Options Interest rate options
167,454
4,898 172,352
2,071
134,824
5,509 140,333
1,908
0 0 0
0 0 0
0 0
Foreign currency options
0
0
Other options
Transactions on organized markets
0
0
0
0
0
0
0
0
Interest rate options
278
278
(2)
325
325
(3)
Foreign currency options
0
0
0
Other options
20,228 20,228 20,228
20,228 20,506 20,506
(570) (572) (572)
20,228 20,228 20,228
20,228 20,553 20,553
(568) (571) (571)
Over-the-counter transactions
278 278
325 325
TOTAL OPTIONS
TOTAL FINANCIAL AND FOREIGN CURRENCY FUTURES
167,732
25,126 192,858
1,499
135,149
25,737 160,886
1,337
The notional amounts of contracts listed in this table are solely intended to provide an indication of the volume of BPCE’s activities involving financial instruments at the balance sheet date and do not reflect the market risk associated with these instruments.
Commitments on interest rate derivatives traded over the counter mainly consisted of interest rate swaps for futures and interest rate guarantees for options. Commitments on foreign exchange instruments traded over the counter mainly consisted of currency swaps.
578
Registration document 2018
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