Euronext // 2021 Universal Registration Document

OPERATING AND FINANCIAL REVIEW

7.1 Overview

178

7.2 Material Contracts and Related Party Transactions

209

7.1.1 Definitions

178

7.2.1 Material Contracts

209 209

7.1.2 Establishment of Euronext as an Independent, Publicly Traded Company

178 178 181 181 186 187 187 197 199 200 202 202 202 206 206

7.2.2 Related Party Transactions

7.1.3 Sources of Revenues 7.1.4 Components of Expenses

7.3 Legal Proceedings Euronext Amsterdam Pension Fund

211

7.1.5 Key Factors Affecting Businesses and Results of Operations

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 Agreements and Bonds

7.1.12 Contractual Obligations

7.6 Tangible Fixed Assets

215

7.1.13 Off-Balance Sheet Arrangements 7.1.14 Quantitative and Qualitative Disclosures about Market Risk

Principal Properties

215

7.1.15 Significant Accounting Policies

7.1.16 Critical Accounting Estimates and Judgments

177

2021 UNIVERSAL REGISTRATION DOCUMENT