BPCE - 2020 Universal Registration Document

4

ACTIVITIES AND FINANCIAL INFORMATIONS 2020

OUTLOOK FOR GROUPE BPCE

LIQUIDITY Total liquidity reserves include:

Short-term funding comprises funding with an initial maturity of less than or equal to 1 year, and the short-term maturities of medium-/long-termdebt comprise debt with an initial maturity of more than 1 year maturing within the next 12 months. The following adjustments were made to customer deposits: addition of issues placed by the Banque Populaire and Caisse • d’Epargne networks with customers, and certain transactions carried out with counterparties considered equivalent to customer deposits; removal of short-term deposits by certain financial customers • collected by Natixis in its brokerage activities.

central bank-eligible assets: ECB-eligible securities not eligible • for the LCR, taken for their ECB valuation (after ECB haircut), securities held (securitization and covered bonds) that are available and ECB-eligible, taken for their ECB valuation (after ECB haircut) and private debt available and eligible for central bank funding (ECB and Federal Reserve), net of central bank funding; LCR eligible assets comprising the Group’s LCR reserve taken • for their LCR valuation; liquid assets placed with central banks (ECB and the Federal • Reserve), net of US MMF (Money Market Funds) deposits, plus fiat money.

236

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

www.groupebpce.com