NATIXIS -2020 Universal Registration Document

RISK FACTORS, RISK MANAGEMENT AND PILLAR III Risk management

The diversification strategy is rolled out Group-wide. The strategy aims to extend the Group’s financing sources by geographic zone, currency, product and counterparty, to limit its stock market footprint while restricting the so-called “market” liquidity needs of consumer business lines. As for Natixis, implementingthis strategy will notably involve structured issues made via private placement, as well as deposit taking via corporate bonds in Europe, Asia and the US. The following charts are established for informationpurposes on the basis of management data at year-end.

Funding principles and structure (Data certified by the Statutory Auditors in accordance with IFRS 7) Funding strategy Natixis’ fundingstructure relies on a Joint RefinancingPool sharedby Natixis and BPCE. Placed under the authority of the Group ALM Committee, this platform was implemented in order to secure the Group’s financing and optimize the management and allocation of liquiditywithin the Group in accordancewith predefinedrules, with the aim of limiting the use of market financing and reducing fundicnogsts.

Funding structure for 2020

By main counterparty category

By currency

3

5 % 3 %

5 % 4 %

5 % 4 %

5 % 3 %

4 % 3 %

5 % 3 %

5 % 3 %

4 % 3 %

5 % 3 %

5 % 3 %

5 % 3 %

5 % 3 %

5 % 4 %

12 % 12 % 11 %

11 % 10 % 11 %

13 % 7 % 9 %

12 % 6 % 9 %

13 % 8 % 11 %

15 % 7 % 10 %

12 % 11 % 9 %

13 % 10 % 9 %

15 %

14 %

14 % 7 % 9 %

13 % 6 % 10 %

12 % 8 % 9 %

9 % 8 %

9 % 8 %

38 %

38 %

36 %

36 %

37 %

36 %

36 %

42 %

45 %

44 %

48 %

47 %

48 %

19 %

18 %

17 %

18 %

19 %

20 %

22 %

20 %

19 %

18 %

19 %

22 %

24 %

30 %

37 %

39 %

40 %

40 %

41 %

35 %

33 %

33 %

57 %

55 %

56 %

26 %

28 %

31 %

32 %

54 %

54 %

55 %

56 %

50 %

48 %

48 %

45 %

43 %

45 %

6 % 11 %

7 % 9 %

5 % 10 %

5 % 9 %

8 % 7 %

5 % 9 %

6 % 9 %

6 % 8 %

7 % 7 %

5 % 8 %

6 % 7 %

5 % 7 %

5 % 7 %

Jul-20

Jul-20

Dec-19

Dec-19

Apr-20

Apr-20

Oct-20

Oct-20

Feb-20

Feb-20

Sep-20

Sep-20

Dec-20

Dec-20

Jun-20

Jun-20

Jan-20

Jan-20

Aug-20

Aug-20

Mar-20

Mar-20

Nov-20

Nov-20

May-20

May-20

Others clients Central banks

Groupe BPCE Financial clients

Asset Management Non-financial clients

EUR USD

GBP Other currencies

Sovereigns

Institutions

By maturity

By platform

4 %

4 %

5 %

7 %

6 %

6 %

6 %

6 %

7 % 15 %

6 % 13 %

7 %

5 %

7 %

7 % 13 %

6 % 15 %

8 % 16 %

8 % 14 %

7 % 15 %

8 % 14 %

11 %

11 %

12 % 11 %

12 % 12 %

11 %

13 %

16 %

19 %

16 %

18 %

16 %

21 %

17 %

21 %

23 %

14 %

14 %

26 %

16 %

26 %

26 %

15 %

15 %

37 %

41 %

37 %

39 %

37 %

41 %

39 %

38 %

36 %

37 %

39 %

39 %

37 %

77 %

76 %

81 %

76 %

79 %

77 %

78 %

73 %

73 %

71 %

67 %

68 %

68 %

42 %

37 %

36 %

41 %

39 %

41 %

38 %

39 %

32 %

32 %

36 %

36 %

38 %

Jul-20

Jul-20

Dec-19

Dec-19

Apr-20

Apr-20

Oct-20

Oct-20

Feb-20

Feb-20

Sep-20

Sep-20

Dec-20

Dec-20

Jun-20

Jun-20

Jan-20

Jan-20

Aug-20

Aug-20

Mar-20

Mar-20

Nov-20

Nov-20

May-20

May-20

Beyond twelve months Between two and twelve months

Up to one month Without maturity

EMEA US

APAC

155

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020

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