BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
Financial liabilities designated at fair value through profit or loss
Accounting mismatches
Fair value measurement
Embedded derivatives
in millionsof euros
Interbankterm accounts and loans Customer termaccountsand loans
22
71 11
93 11
Debt securities
16,493
6,202
22,695
Subordinated debt
103
103
Repurchase agreementsand otherfinancial liabilities
4,487
33,868 33,868
38,355 61,257
TOTAL
21,002
6,387
Some liabilitiesissued and recognizedat fair value throughprofit or loss are coveredby a guarantee.The effect of this guaranteeis incorporated into thefair valueof the liabilities. Financial liabilities at fair value through profit or loss and credit risk
12/31/2017
12/31/2016
Contractual amount due at maturity
Contractual amount due at maturity
Fair value
Difference
Fair value
Difference
in millions of euros
Interbank term accounts and loans Customer termaccountsand loans
93 11
78 12
15 (1)
19
3 3
16
3
Debt securities
22,695
21,915
780
20,964
20,287
677
Subordinated debt
103
100
3
95
100
(5) 79
Repurchase agreements
38,355 61,257
38,284 60,389
71
37,485 58,566
37,406 57,799
TOTAL
868
767
5
revaluations in respect of own credit risk totaled € 116 million at December31, 2016 (see Notes2.2 and 4.1.3). 5.2.3 The notional amounts of derivative instruments are merely an indication of the volume of the Group’s business in financial instruments,and do not reflect the market risks associatedwith such instruments. Positive or negative fair values represent the replacement value of these instruments. These values may vary significantly depending on changes inmarketparameters. Trading derivatives
The amount contractually due on loans at maturity includes the outstanding amount of the principal at the balance sheet date plus the accrued interest not yet due. In the case of securities, the redemption valueis generally used. Revaluationsattributableto own credit risk (valuation of own credit risk) amounted to € 314 million at December 31, 2017. Under the early adoption of the amendmentto IFRS 9 on own credit risk from January 1, 2016, the change is now recognized in non-recyclable gains and losses recognized directly in OCI. As a reminder,
12/31/2017
12/31/2016
Notional amount
Positive fair value
Negative fair value
Notional amount
Positive fair value
Negative fair value
in millions of euros
Interestrate derivatives Currency derivatives
3,908,793 1,087,057
28,070 14,292
28,092 4,014,284 13,429 1,161,338 5,006 177,359
25,100 19,340
22,017 18,890
Equity derivatives Credit derivatives Other contracts
230,498 36,975 84,808
3,574
6,567
8,124
590 632
784 359
58,065 94,373
856 984
843 833
TOTALTRADING DERIVATIVES
5,348,131
47,158
47,670 5,505,419 2,052 935,125 45,618 4,570,294 28,355 1,800,071 11,797 2,496,472
52,847
50,707
o/w organized markets
785,962
1,088
3,503
4,173
o/w over-the-counter transactions
4,562,169 1,408,442 2,863,830
46,070 29,944 10,167
49,344 31,286
46,534 28,832 10,576
o/w credit institutions
o/w otherfinancial companies
9,454
277
Registration document 2017
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