Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

NOTE 53 BORROWINGS

For additional information on the borrowing positions, a reference is made to Note 29 of the Consolidated Financial Statements.

NOTE 54 RELATED PARTY BORROWINGS

As at 1 January 2020

Loan settlements made

Interest accrued/ (paid)

As at 31 December 2020

Loans advanced

In thousands of euros

Current Euronext Paris S.A.

257,639

(52,928)

–

–

204,711

Euronext IP & IT Holding B.V.

84,686

–

–

–

84,686

Euronext Amsterdam N.V.

25,000

–

–

–

25,000

Euronext Brussels S.A./N.V.

60,000

–

–

–

60,000

Euronext Corporate Services B.V.

3,500

–

–

–

3,500

Interest payable on intercompany loan

122

–

–

–

122

TOTAL

430,947

(52,928)

–

–

378,019

As at 1 January 2019

Loan settlements made

Interest accrued/ (paid)

As at 31 December 2019

Loans advanced

In thousands of euros

Current Euronext Paris S.A.

257,639

–

–

–

257,639

Euronext IP & IT Holding B.V.

84,686

–

–

–

84,686

Euronext Amsterdam N.V.

25,000

–

–

–

25,000

Euronext Brussels S.A./N.V.

60,000

–

–

–

60,000

Euronext Corporate Services B.V.

–

–

3,500

–

3,500

Interest payable on intercompany loan

121

–

–

1

122

430,947

TOTAL

427,446

–

3,500

1

The fair value of the related party loans payable approximate their carrying values.

on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/decrease of the interest income by €0.1 million (2019: €0.1 million). The €60.0 million loan payable to Euronext Brussels S.A./N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is Euribor three months plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €0.3 million (2019: €0.3 million). The €3.5 million loan payable to Euronext Corporate Services B.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA plus 0.125% payable annually on one loan.

The €204.7 million loan payable to Euronext Paris S.A. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA OIS plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €1.0 million (2019: €1.3 million). The €84.7 million loan payable to Euronext IP & IT Holding B.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is Euribor three months plus 0.125% payable annually on two loans. The sensitivity of the related party loan payables to changes in the Euribor interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €0.4 million (2019: €0.4 million). The €25.0 million loan payable to Euronext Amsterdam N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA plus 0.125% payable annually

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2020 UNIVERSAL REGISTRATION DOCUMENT