BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF BPCE SA GROUP 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)

59,555 90,963 150,519

39,121 87,239 126,360

9,271

11,163

56,001 94,233 150,234

34,332 91,292 125,624

9,181

12,488

Repurchase agreements

93

3,631

2,941

TOTAL

9,364

14,794

9,181

15,429

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)

91,992 116,158 208,150

31,354 20,610 51,964

60,638 95,548 156,186

79,789 100,536 180,325

20,981

58,808 90,582 149,390

Repurchase agreements

9,954

Financial liabilities at fair value

30,935

Repurchase agreements (debt portfolio)

13,146 221,296

1,100

12,046 168,232

17,166 197,491

700

16,466

TOTAL 165,856 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) 53,064 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)

60,638 107,594 168,232

39,625 101,969 141,594

11,319

9,694 5,617

58,808 107,048 165,856

34,657 98,767 133,424

10,946

13,205

Repurchase agreements

8

8,281

TOTAL

11,327

15,311

10,946

21,486

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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