Euronext - 2020 Universal Registration Document

GLOSSARY, CONCORDANCE TABLES & ANNEX

December 2019

Quoted prices in active markets (Level 1)

Significant observable inputs (Level 2)

Significant unobservable inputs (Level 3)

Total Fair Value

In thousands of euros

CCP trading assets measured at fair value Derivative instrument n Futures

12,038,036

-

-

12,038,036

n Options

1,398,504

-

-

1,398,504

n Commodities derivatives

4,260

-

-

4,260

Non-derivative instruments: n CCP transactions

4,030

-

-

4,030

Financial assets held at fair value: n Securities

5,411,121

-

-

5,411,121

18,855,952

CCP Trading assets – Fair value of transactions with CCP members

18,855,952

-

-

Available for sale financial assets: n Government Bonds

123,863

-

-

123,863

n Investment in unquoted equity

52

-

-

52

TOTAL

123,915

-

-

123,915

December 2019

Quoted prices in active markets (Level 1)

Significant observable inputs (Level 2)

Significant unobservable inputs (Level 3)

Total Fair Value

In thousands of euros

Financial liabilities measured at fair value n CCP trading liabilities: Derivative instruments: n Futures

(12,038,036)

-

-

(12,038,036)

n Options

(1,398,504)

-

-

(1,398,504)

n Commodities derivatives

(4,260)

-

-

(4,260)

Financial liabilities held at fair value: n Equities and bonds

(4,030)

-

-

(4,030)

Fair value of transactions with CCP members Derivatives not used for hedging n Foreign exchange forward contracts

(13,444,831)

-

(13,444,831)

-

-

-

-

-

n Cross currency interest rate swaps

-

-

-

-

Derivatives used for hedging n Foreign exchange forward contracts

-

-

-

-

n Cross currency interest rate swaps

-

-

-

-

Other non-current liabilities n Canadian dollar denominated Put option

-

-

-

-

n Euro denominated Put option

-

-

-

-

n GBP denominated Put option

-

-

-

-

TOTAL

(13,444,831)

-

-

(13,444,831)

The Group uses its judgement to carry out the offsetting within clearing member balances. The carrying values of the balances are offset at what the Group considers an appropriate level to arrive at the net balances reported in the balance sheet. The Group has an

aligned approach for its CCP subsidiaries to ensure the principles applied are consistent across similar assets and liabilities. The approach is reviewed on a timely basis to ensure the approach used is the most appropriate.

G

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2020 UNIVERSAL REGISTRATION DOCUMENT