Econocom - 2019 Universal registration document

04 risk factors financial risk

The with investment-grade counterparties, thus limiting its credit risk exposure. Equity risk 4.3. The Group does not hold any unlisted or listed shares apart from treasury shares. As the treasury shares held by Econocom group as of 31 ژ December 2019 are deducted from shareholders’ equity in the consolidated financial statements as of their acquisition, it is not necessary to compare their carrying amount to their actual market value. Group only invests

For its Technology Management & Financing business, the Group nevertheless has the option of retaining the credit risk on certain strategic transactions. These relate primarily to Econocom Digital Finance Limited (EDFL), the Group’s internal refinancing unit with expertise in transaction security and non-standard contract financing. At 31 ژ December 2019, contracts on which Econocom bears the credit risk represented €235 ژ million, or around 7.8% of total outstanding rentals for the Technology Management & Financing business (€246 ژ million at end-2018).

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2019 annual report