BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

12.5.2

NATURE OF RISKS RELATING TO INTERESTS

commitments received and provisions recorded in liabilities, are used to assess the maximum exposure to risk of losses. The “notional amounts” line corresponds to the notional amount of options sold to structured entities. The data are presented below, aggregated based on their activity classification.

IN NON-CONSOLIDATED STRUCTURED ENTITIES Assets and liabilities recognized in the Group’s various balance sheet accounts relating to interests in non-consolidated structured entities contribute to determining the risks associated with these entities. The values recorded under the balance sheet assets, along with financing and guarantee commitments given less guarantee

At December 31, 2019 Excluding insurance business investments in millions of euros

Asset Management

Structured Financing Other activities

Securitization

Financial assets at fair value through profit or loss

711 131 497

1,632

1,224

598 456 128

Trading derivatives

109 445

312 689 216

Trading financial instruments (excluding derivatives) Financial assets at fair value through profit or loss – Non SPPI Financial instruments designated at fair value through profit or loss Equity instruments not held for trading Financial assets at fair value through other comprehensive income

78

1,016

4

63

7 3

14

0

Financial assets at amortized cost

6,384

1,254

11,761

708

Other assets

18

43

7

6

TOTAL ASSETS

7,113

2,929

12,996

1,313

Financial liabilities at fair value through profit or loss

54

90

903

182

Provisions

2

15

2

TOTAL LIABILITIES

56

91

918

184 394

Loan commitments given

5,554

246 205

2,792 3,400 3,899 5,043

Guarantee commitments given (1)

225 243

11 28

Guarantees received

5

Notional amount of derivatives MAXIMUM LOSS EXPOSURE

1,190

377

13,835 2,065 For the Asset Management activity, Natixis guarantees the capital and/or returns on units in certain UCITS. These guarantees were recognized as derivatives at 12/31/2019. (see (1) Note 6.2, Guarantee commitments). 3,380 20,316

At December 31, 2018 Excluding insurance business investments in millions of euros

Structured Financing Other activities

Securitization Asset Management

Financial assets at fair value through profit or loss

540

1,237

1,021

399 334

Trading derivatives

95

70

131 702 181

Trading financial instruments (excluding derivatives) Financial assets at fair value through profit or loss – Non SPPI Financial instruments designated at fair value through profit or loss

371

153 940

51

70

9

Equity instruments not held for trading

4

65

9 3

14

Financial assets at fair value through other comprehensive income

Financial assets at amortized cost

5,996

1,646

12,608

696

Other assets

22

40

19

19

TOTAL ASSETS

6,558

2,922

13,652

1,114

Financial liabilities at fair value through profit or loss

45

204

585

192

Provisions

6

1

13

2

TOTAL LIABILITIES

51

205 246

598

194 439

Loan commitments given

3,918

2,380 2,471 3,177 2,788

Guarantee commitments given

261

4,927

4

Guarantees received

1

260 262

Notional amount of derivatives MAXIMUM LOSS EXPOSURE

1,030

155

11,761

8,249

18,101

1,557

479

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE