Hermès // 2021 Universal Registration Document

6

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

Breakdown of foreign exchange contracts 8.3 Hedging operations are performed over-the-counter, exclusively with leading banks. The Company therefore does not incur any significant counterparty risk.

Nominal amounts of derivatives used to hedge foreign exchange risk

Nominal amounts of derivatives

Market value of contracts as at 31/12/2021 1

In millions of euros

Options purchased Chinese yuan puts Chinese yuan collars

99

99

1

296

296

(3)

US dollar puts US dollar collars

65

65

0

259

259

(2)

Singapore dollar puts Singapore dollar collars Hong Kong dollar puts Hong Kong dollar collars Japanese yen puts Japanese yen collars

57

57

0

227

227

(1)

48

48

0

193

193

(1)

38

38

1 3

191

191

1,472

1,472

(1)

Forward foreign exchange contracts 2 Chinese yuan

(380) (312) (278) (238) (224)

(380) (312) (278) (240) (224)

32 17 14 12

US dollar

Singapore dollar Hong Kong dollar

Japanese yen

1

Other

25

25

(1) 74

(1,406)

(1,408)

Currency swaps 2 Hong Kong dollar

(322) (231)

(323) (230)

3 4 0

US dollar

Singapore dollar Chinese yuan Swiss franc Japanese yen

(32)

(32) (11)

25 46

(0) (0)

46

0

0

0

Other

43

33

(0)

(470) (405)

(518) (455)

6

TOTAL

79

Gain/(Loss). (1) (Purchase)/Sale. (2)

426 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL