BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
Financialliabilitiesaccountedfor under the fair value option, excludingNatixis, mainly consist of structureddebt issues and structureddeposits containing embeddedderivatives( e.g. structuredmedium-termnotes and equitiesfor personal savingsplans).
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
107
71
178
9
9
Debt securities
16,488
6,202
22,690
Subordinated debt
103
103
Repurchase agreementsand otherfinancial liabilities
4,449
33,869 33,869
38,318 61,298
TOTAL
21,044
6,385
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 designated 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
178
161
17 (1)
216
194
22
9
10
2
2
Debt securities
22,690
22,217
473 20,959
20,642
317
5
Subordinated debt
103
100
3
95
100
(5) 76
Repurchase agreements
38,318 61,298
38,250 60,738
68 37,446 560 58,718
37,370 58,308
TOTAL
410
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,
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Registration document 2017
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