BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2019

Impact of netting agreements on financial assets not recognized in the financial statements

12/31/2019

12/31/2018

Related financial liabilities and financial instruments received as collateral

Related financial liabilities and financial instruments received as collateral

Net amount of financial assets recognized in the balance sheet

Net amount of financial assets recognized in the balance sheet

Margin calls received (cash collateral)

Margin calls received (cash collateral)

Net exposure

Net exposure

in millions of euros

Derivatives (trading and hedging)

56,838 92,519 149,357

39,195 88,309 127,504

5,757

11,886

54,026 98,092 152,118

35,384 95,164 130,548

9,406

9,236 2,928

Repurchase agreements

90

4,120

TOTAL

5,847

16,006

9,406

12,164

The net exposure does not reflect the accounting position, because it takes into account the reduced exposure arising from agreements that do not meet the restrictive netting criteria set by IAS 32.

FINANCIAL LIABILITIES 5.18.2 Impact of offsetting on financial liabilities under netting agreements in the balance sheet

12/31/2019

12/31/2018

Gross amount of financial assets offset in the balance sheet

Net amount of financial liabilities recognized in the balance sheet

Gross amount of financial assets offset in the balance sheet

Net amount of financial liabilities recognized in the balance sheet

Gross amount of financial liabilities (1)

Gross amount of financial liabilities

in millions of euros

Derivatives (trading and hedging)

93,429 116,146 209,575

31,815 20,610 52,425

61,614 95,536 157,150

81,185 100,124 181,308

20,981

60,204 90,170 150,373

Repurchase agreements

9,954

Financial liabilities at fair value

30,935

Repurchase agreements (debt portfolio)

12,662 222,237

1,100

11,562 168,712

16,712 198,020

700

16,012

TOTAL 166,385 Includes the gross amount of financial assets subject to netting or an enforceable master netting agreement or similar and financial assets not subject to any agreement. (1) 53,525 31,635

Impact of netting agreements on financial liabilities not recognized in the financial statements

12/31/2019

12/31/2018

Related financial assets and financial instruments pledged as collateral

Related financial assets and financial instruments pledged as collateral

Net amount of financial liabilities recognized in the balance sheet

Net amount of financial liabilities recognized in the balance sheet

Margin calls paid (cash collateral)

Margin calls paid (cash collateral)

Net exposure

Net exposure

in millions of euros

Derivatives (trading and hedging)

61,614 107,098 168,712

39,705 101,652 141,357

11,847

10,062

60,204 106,182 166,385

35,708 99,417 135,125

12,198

12,298

Repurchase agreements

74

5,372

6,765

TOTAL

11,921

15,434

12,198

19,062

The net exposure does not reflect the accounting position, because it takes into account the reduced exposure arising from agreements that do not meet the restrictive netting criteria set by IAS 32.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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