Euronext // 2021 Universal Registration Document

Financial Statements 8 Notes to the Company Financial Statements

In addition, Euronext N.V. has granted three loan agreements to Euronext US Inc. for a total amount of $115.3 million, of which $110.0 million was granted in order to finance the acquisition of FastMatch Inc. in 2017. These loans have a maturity of ten years and bear a weighted average interest rate of 3.36%. The interest amounts of these loans are recognised monthly and are included in Note 50. As at 31 December 2021, the total outstanding amount of non- current related party loans are €469.9million (2020: €459.7million).

Furthermore, Euronext N.V. has a loan agreement of £16.3 million entered into with Euronext UK Holdings Ltd. to enable the acquisition of Commcise Software Ltd. in 2018. This loan has a maturity of ten years and bears an interest rate of LIBOR UK 1 month plus 0.125% until 3 December 2021 and SONIA plus 0.125% thereafter. The interest amount is received monthly and is included in Note 50.

NOTE 47 FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

The financial assets at fair value through Other Comprehensive Income of €140.2million (2020: €137.4million) represent the direct investment in Euroclear S.A./N.V. For additional information on this investment, reference is made to Note 20 of the Consolidated Financial Statements.

NOTE 48 OTHER NON-CURRENT FINANCIAL AND OTHER ASSETS

In May 2021, these issue costs were fully amortised following the repayment of the bridge loan facility. As per 31 December 2021, the €1.0 million of Other non-current financial and other assets includes the issue costs linked to the revolving credit facility. Reference is made to Note 29 of the Consolidated Financial Statements for more information on the bridge loan facility and the revolving credit facility agreements.

In 2020, Other non-current financial and other assets include the €4.6 million issue costs that were linked to the syndicated bridge loan facility agreement entered into with a group of banks to pre-finance the acquisition of Borsa Italiana Group. These capitalised costs will be amortised over the life of the bridge loan facility.

NOTE 49 TRADE AND OTHER RECEIVABLES

As at 31 December 2021

As at 31 December 2020

In thousands of euros

Trade receivables Contract receivables

12,360 10,402

11,940 10,720

Allowance for expected credit losses Trade and contract receivables net

(22)

(19)

22,740 67,989

22,641 36,806

Related party receivables

Tax receivables (excluding income tax) Prepayments and accrued income

1,827

1,451

191

174

Other receivables

6,812

4,980

TOTAL

99,559

66,052

Other receivables includes the accrued interest income from the interest rate swaps (see Note 23 of the Consolidated Financial Statements). The fair value of the receivables approximates the book value, due to their short-term character.

Trade receivables are non-interest bearing and generally on terms of 30 to 90 days. Contract receivables represent amounts in respect of unbilled revenue, for which the Group has an unconditional right to the consideration ( i.e. only the passage of time is required before payment of the consideration is due).

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2021 UNIVERSAL REGISTRATION DOCUMENT