BPCE - 2020 Universal Registration Document

8

ADDITIONAL INFORMATION

GLOSSARY

Glossary 8.5

Acronyms ABS

See securitization

Autorité de contrôle prudentiel et de résolution , the French prudential supervisory authority for the banking and Insurance sector (formerly the CECEI, or Comité des établissements de crédit et des entreprises d’investissement /Credit Institutions and Investment Firms Committee) Association française des entreprises privées – Mouvement des entreprises de France /French Association of Private Sector Companies – French Business Confederation

ACPR

AFEP-MEDEF

AFS ALM AMF

Available For Sale

Asset and Liability Management French Financial Markets Authority

AML-CTF

Anti-Money Laundering and Counter Terrorism Financing

AT1

Additional Tier 1

Basel Committee on Banking Supervision, an organization comprised of the central bank governors of the G20 countries, tasked with strengthening the global financial system and improving the efficacy of prudential supervision and cooperation among bank regulators.

BCBS

BCP BRR CCF CDO

Business Continuity Plan

Bank Recovery and Resolution directive

Credit Conversion Factor

See securitization

CDPC

Credit Derivatives Products Company, i.e. a business specializing in providing protection against credit default through credit derivatives Credit Default Swap, a credit derivative contract under which the party wishing to buy protection against a credit event ( e.g. counterparty default) makes regular payments to a third party and receives a pre-determined payment from this third party should the credit event occur.

CDS

CEGC CET1

Compagnie Européenne de Garanties et de Cautions

Common Equity Tier 1 Contingency Funding Plan

CFP CLO

See securitization See securitization

CMBS CNCE

Caisse Nationale des Caisses d’Epargne

CPM CRD CRR

Credit Portfolio Management Capital Requirements directive Capital Requirements Regulation

Credit Valuation Adjustment, i.e. the expected loss related to the risk of default by a counterparty. The CVA aims to take into account the fact that the fullmarket value of the transactions may not be recovered. The method for determining the CVA is primarily based on the use of market inputs in connection with the practices of market professionals. Credit Value at Risk, i.e. the worst loss expected to be suffered after eliminating the 1% worst-case scenarios, used to determine individual counterparty limits. Debit Valuation Adjustment, symmetrical to the CVA. Represents the expected loss, from the counterparty’s perspective, on valuations of derivative liabilities. It reflects the impact of the entity’s own credit quality on the valuation of these instruments. Exposure at Default, i.e. the amount owed by the customer at the effective default date. It is the sum of the remaining principal, past due payments, accrued interest not yet due, fees and penalties The European Banking Authority, established by EU Regulation on November 24, 2010. It came into being on January 1, 2011 in London, superseding the Committee of European Banking Supervisors (CEBS). This new body has an expanded mandate. It is in charge of harmonizing prudential standards, ensuring coordination among the various national supervisory authorities and performing the role of mediator. The goal is to establish a Europe-wide supervision mechanism without compromising the ability of the national authorities to conduct the day-to-day supervision of credit institutions.

CVA

CVaR

DVA

EAD

EBA ECB

European Central Bank European Investment Bank

EIB

Expected Loss, i.e. the value of the loss likely to be incurred given the quality of the structure of the transaction and any measures taken to mitigate risk, such as collateral. It is calculated by multiplying exposure at risk (EAD) by Probability of Default (PD) and by Loss Given Default (LGD).

EL

EURIBOR

Euro Interbank Offered Rate, the benchmark interest rate on the eurozone’s money market

FBF

Fédération bancaire française (French Banking Federation), a professional body representing all banking institutions in France

FCPR FGAS

Fonds commun de placement à risque/Venture capital investment fund

Fonds de garantie à l’accession sociale /French state guarantee fund for subsidized loans

FINREP

FINancial REPorting

The Financial Stability Board, whose mandate is to identify vulnerabilities in the global financial system and to implement principles for regulation and supervision in the interest of financial stability. Its members are central bank governors, finance ministers and supervisors from the G20 countries.

FSB

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