Euronext - 2020 Universal Registration Document

OPERATING AND FINANCIAL REVIEW

7.1 Overview

182

7.2 Material Contracts and Related Party Transactions

209

7.1.1 Definitions

182

7.2.1 Material Contracts

209 209

7.1.2 Establishment of Euronext as an Independent, Publicly Traded Company

182 182 185 185 190 190 191 199 200 201 203 203 203 206 206

7.2.2 Related Party Transactions

7.1.3 Sources of Revenues 7.1.4 Components of Expenses

7.3 Legal Proceedings

211

7.1.5 Key Factors Affecting Businesses and Results Of Operations

7.3.1 Euronext Amsterdam Pension Fund

211

7.4 Insurance

212

7.1.6 Goodwill

7.1.7 Financial and Trading Position

7.1.8 Results of Operations

7.5 Liquidity and Capital Resources

213

7.1.9 Balance Sheet

7.5.1 Liquidity

213 213

7.1.10 Cash flow

7.5.2 Consolidated Regulatory Capital Requirements

7.1.11 Facilities Agreement and Bonds

7.1.12 Contractual Obligations

7.6 Tangible Fixed Assets

215

7.1.13 Off-Balance Sheet Arrangements

7.6.1 Principal properties

215

7.1.14 Quantitative and Qualitative Disclosures About Market Risk

7.1.15 Significant Accounting Policies

7.1.16 Critical Accounting Estimates and Judgments

181

2020 UNIVERSAL REGISTRATION DOCUMENT