NATIXIS // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

Commitments Note 12

Guarantee commitments 12.1 A financial guarantee is a contract that requires the issuer to compensate the holder of the contract for any loss that the holder incurs because a debtor fails to make payment when due. The exercise of these rights is subject to the occurrence of an uncertain future event. The amounts shown represent the nominal value of the commitment undertaken:

31/12/2020

31/12/2021

Guarantee commitments given To banks Confirmation of documentary credits

5,831 1,707 4,124

6,952 1,317 5,635

Other guarantees

To customers

22,341

17,008

Real estate guarantees

124 202 678

135 210 669

Administrative and tax bonds

Other bonds and endorsements given

Other guarantees

21,338 28,172 21,665

15,994 23,960 12,043

TOTAL GUARANTEE COMMITMENTS GIVEN Guarantee commitments received from banks

Specific case of guarantees issued to mutual funds Natixis guarantees the capital and/or returns on units in certain mutual funds. These guarantees are executed solely in the event that the net asset value of each of the units in the fund at maturity is lower than the guaranteed net asset value.

5

The capital and/or performance guarantees given by Natixis to certain UCITS are recognized as derivatives and are measured at fair value in accordance with the provisions of IFRS 13.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021