NATIXIS // 2021 Universal Registration Document

GLOSSARY

Acronym/Term

Definition

Bond

A portion of a loan issued in the form of an exchangeable security. For a given issue, a bond grants the same debt claims on the issuer for the same nominal value, the issuer being a company, a public sector entity or a government.

Book

Portfolio.

Bookrunner

Main runner or lead manager in the issuance of new equity, debt or securities instruments.

A means of asset financing whereby the lender is routinely informed of the value of the borrower’s assets pledged as collateral.

Borrowing base lending

Bps

Basis points.

Broker

Broker.

Brokerage

Brokerage.

BRRD

Banking Recovery and Resolution Directive.

CA

Revenue/Board of Directors.

CAGR

Compound annual growth rate. Mean annual growth rate over a specified period.

Capital CET 1

Core capital including the financial institution’s consolidated shareholders’ equity minus regulatory deductions.

Supplementary capital mainly consisting of subordinated securities minus regulatory deductions.

Capital CET 2

CCAN

Natixis shareholders’ Consultative Committee (Comité Consultatif des Actionnaires de Natixis).

CCF

Credit Conversion Factor.

CDD

Fixed-term employment contract.

CDI

Permanent employment contract.

CDO

Collateralized debt obligations, i.e. debt securities backed by a pool of assets which can be either bank loans (mortgages) or corporate bonds. Interest and principal payments may be subject to subordination (i.e. through the creation of tranches). Credit Derivatives Products Company, i.e. a business specializing in the sale of coverage against credit default through credit derivatives. Credit default swap, i.e. insurance against credit risk in the form of a bilateral financial contract whereby the protection buyer periodically pays a premium to the protection seller, who in turn promises to compensate for any losses on a reference asset (a bond issued by a government, financial institution or company) upon the occurrence of a credit event (bankruptcy, default, deferred payment or restructuring). The former French Credit Institutions and Investment Firms Committee (Comité des Établissements de Crédit et des Entreprises d’Investissement), which has since been incorporated into the French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel et de Résolution).

CDPC

CDS

CECEl

CEO

Chief Executive Officer.

CESU

Chèque Emploi Service Universel (universal service employment voucher).

CET 1 Capital

Common Equity Tier 1.

CFCC

Control Functions Coordination Committee.

CFH

Cash flow hedge.

CFO

Chief Financial Officer.

CGM

Combined General shareholders’ Meeting.

CGU

Cash-generating units.

CHSCT

Committee for Hygiene, Safety and Working Conditions (Comité d’Hygiène, de Sécurité et des Conditions de Travail).

CIB

Corporate & Investment Banking.

CIC

Cooperative investment certificates.

CLOs

Collateralized loan obligation, i.e. a credit derivative product backed by a homogeneous pool of corporate loans.

CMBS

Commercial Mortgage-Backed Securities.

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CMS

Constant maturity swap, i.e. a swap that allows the buyer to exchange a short-term interest rate for a longer-term interest rate.

CNCE

Caisse Nationale des Caisses d’Epargne

CNlL

Commission Nationale de l’Informatique et des Libertés (an independent administrative authority protecting privacy and personal data).

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021