Euronext - 2019 Universal Registration Document

OPERATING AND FINANCIAL REVIEW

7.1 Overview

146

7.2 Material contracts and related party transactions

168

7.1.1 Definitions

146

7.2.1 Material Contracts

168 168

7.1.2 Establishment of Euronext as an Independent, Publicly Traded Company

146 147 148 149 153 153 154 161 161 163 163 163 166 166

7.2.2 Related Party Transactions

7.1.3 Sources of Revenues 7.1.4 Components of Expenses

7.3 Legal Proceedings

170

7.1.5 Key Factors Affecting Businesses and Results of Operations

7.3.1 Euronext Amsterdam Pension Fund

170

7.4 Insurance

171

7.1.6 Goodwill

7.1.7 Financial and Trading Position

7.1.8 Results of Operations

7.5 Liquidity and Capital Resources

172

7.1.9 Cash flow

7.5.1 Liquidity

172 172

7.1.10 Facilities Agreement and BondS

7.5.2 Consolidated Regulatory Capital Requirements

7.1.11 Contractual Obligations

7.1.12 Off-Balance Sheet Arrangements 7.1.13 Quantitative and Qualitative Disclosures about Market Risk

7.6 Tangible Fixed Assets

174

7.6.1 Principal properties

174

7.1.14 Significant Accounting Policies

7.1.15 Critical Accounting Estimates and Judgments

145

2019 UNIVERSAL REGISTRATION DOCUMENT