NATIXIS - Document d'enregistrement universel et rapport financier annuel 2020

FACTEURS DE RISQUES, GESTION DES RISQUES ET PILIER III Facteurs de risques

Facteurs de risques 3.1

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)? LCMKO? >? =Lw>CN ?N >? =IHNL?J;LNC? ;JJ;L;{N =IGG? OH LCMKO? G;D?OL J;LGC F?M LCMKO?M C>?HNC@CwM J;L +;NCRCM ?N L?JLwM?HN? n >?M /4 NIN;OR ;O n>w=?GfCH@ILG;NCIH ;O Ff?RJIMCNCIH >? +;NCRCM ;OR LCMKO?M >? =Lw>CN ?N >? =IHNL?J;LNC? "RJIMOL? ;N !?@;OFN BILM 3 ?MN >? nGCFFC;L>M >f?OLIM JLCH=CJ;F?G?HN LwJ;LNC? MOL F?M ?HNL?JLCM?M n F?M wN;? =Lw>CNM ?N ;MMCGCFwM n ?N F?M MIOP?L;CHM n )?M ?RJIMCNCIHM ;OR LCMKO?M >? =Lw>CN ?N >? =IHNL?J;LNC? MIHN =IH=?HNLw?M r B;ON?OL >? n ?H #L;H=? n MOL F? L?MN? >? Ff"OLIJ? 2HCIH ?N BILM 2HCIH ?OLIJw?HH? n MOL Ff GwLCKO? >O +IL> ?N n MOL Ff MC? !O @;CN >? FfCH=;J;=CNw >fOH? IO >? JFOMC?OLM >? M?M =IHNL?J;LNC?M r L?MJ?=N?L M?M I?M J?LN?M @CH;H=CvL?M JFOM IO GICHM CGJILN;HN?M ?H @IH=NCIH >? F; =IH=?HNL;NCIH >? MIH ?RJIMCNCIH PCM r PCM >? =?M =IHNL?J;LNC?M >w@;CFF;HN?M "H IONL? ?H =;M >? >wNwLCIL;NCIH MCAHC@C=;NCP? >? F; HIN;NCIH IO >? >w@;ON >? =IHNL?J;LNC?M ;JJ;LN?H;HN r OH GxG? ALIOJ? IO r OH GxG? M?=N?OL >f;=NCPCNw IO >? F; >wAL;>;NCIH >? F; MCNO;NCIH w=IHIGCKO? >fOH pN;N F? LCMKO? >? =Lw>CN ;OKO?F @;CN @;=? +;NCRCM JIOLL;CN xNL? ;==?HNOw -;L ;CFF?OLM F; =;J;=CNw >? +;NCRCM r Lw;FCM?L M?M IJwL;NCIHM >? @CH;H=?G?HN >? MNLO=NOL;NCIH >? HwAI=C;NCIH ?N >? LvAF?G?HN FCPL;CMIH >fCHMNLOG?HNM @CH;H=C?LM >wJ?H> HIN;GG?HN >? F; MN;? F; MIFC>CNw @CH;H=CvL? >?M ;ONL?M CHMNCNONCIHM @CH;H=CvL?M ?N ;=N?OLM >O G;L=Bw "H ?@@?N F?M wN;? F?OLM ;=NCPCNwM >? NL;>CHA >? =IGJ?HM;NCIH ?N >? @CH;H=?G?HN ); >w@;CFF;H=? >fOH ;=N?OL >O G;L=Bw >? FfCH>OMNLC? @CH;H=CvL? JIOLL;CN M? LwJ?L=ON?L MOL >f;ONL?M wN;OCL? r >?M >w@;CFF;H=?M ?H =B;{H? >f;ONL?M ;=N?OLM >? =? G;L=Bw ?N AwHwL?L ;CHMC >?M J?LN?M @CH;H=CvL?M JIOL +;NCRCM Une augmentation substantielle des dépréciations ou des provisions pour pertes de crédit attendues de Natixis serait susceptible de peser sur son résultat et sa situation financière !;HM F? =;>L? >? M?M ;=NCPCNwM ?N FILMKO? =?=C ?MN Hw=?MM;CL? +;NCRCM =IGJN;?M JLIPCMCIHM JIOL =Lw;H=?M >ION?OM?M ;@CH >? L?@FwN?L F?M J?LN?M Lw?FF?M IO JIN?HNC?FF?M ;O NCNL? >? MIH JILN?@?OCFF? >? JLxNM ?N >? =Lw;H=?M >;HM MIH =IGJN? >? LwMOFN;N ;O JIMN? Yn I€N >O LCMKO?n^ O n>w=?GO LCMKO? >? +;NCRCM ?MN >CL?=N?G?HN CGJ;=Nw J;L F?M ?@@?NM >? F; =LCM? M;HCN;CL? ,3&! ?N MfwN;f?OLIM >IHN n nGCFFCIHM >f?OLIM =IH=?LH;HN F?M JLIPCMCIHM >? MN;NON ?Nn L?@FwN;HN F?M ;HNC=CJ;NCIHM >? >wAL;>;NCIH r GIS?H FIHA N?LG? >?M J?LMJ?=NCP?M w=IHIGCKO?M G;FALw F?M G?MOL?M G;MMCP?M >? MIONC?H >?M pN;NM !;HM F? =;>L? >? F; J;H>wGC? >? ,3&! +;NCRCM =IHMC>vL? KO? MIH JILN?@?OCFF? JIOLL;CN xNL? J;LNC=OFCvL?G?HN CGJ;=Nw MOL F?M MCR M?=N?OLM w=IHIGCKO?M MOCP;HNMn JwNLIF? A;T n >? Ff?RJIMCNCIH NIN;F? NL;HMJILN ;wLC?H ?N ;wLIH;ONCKO? >w@?HM? n >? Ff?RJIMCNCIH NIN;F? ;ONIGI? Ff?RJIMCNCIH NIN;F? B~N?FF?LC? L?MN;OL;NCIH ?N NIOLCMG? FICMCLM n >? Ff?RJIMCNCIH NIN;F? >CMNLC? Ff?RJIMCNCIH NIN;F? ?N =IGGOHC=;NCIH Gw>C; n >? Ff?RJIMCNCIH NIN;F? !?JOCM F? ?L nD;HPC?L +;NCRCM ;JJFCKO? F; HILG? &#/0n Yn&HMNLOG?HNM @CH;H=C?LMn^ KOC ?RCA? F; =IHMNCNONCIH >? JLIPCMCIHM >vM F; JL?GCvL? =IGJN;fOH CHMNLOG?HN @CH;H=C?L ? HIOP?;O GI>vF? >? JLIPCMCIHH?G?HN Mf;JJFCKO? ;OR ?H=IOLM =IGJN;? @CH;H=?G?HN ?N >? A;L;HNC? >IHHwM ?H >?BILM >? =?OR =IGJN;?M =IHNL;NM >? FI=;NCIH JIOL OH? CH@ILG;NCIH

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Risques de crédit et de contrepartie

Natixis est exposée à des risques de crédit et de contrepartie susceptibles d’être accentués en cas de concentration +;NCRCM ?MN ?RJIMw? ;O LCMKO? >? =Lw>CN ?N >? =IHNL?J;LNC? >;HM F? =;>L? >? MIH ;=NCPCNw =IOL;HN? >? @CH;H=?G?HN >? MNLO=NOL;NCIH >? HwAI=C;NCIH ?N >? LvAF?G?HN FCPL;CMIH >fCHMNLOG?HNM @CH;H=C?LM JLCH=CJ;F?G?HN Lw;FCMw? ;O M?CH >? F; Yn ;HKO? >? AL;H>? =FC?HNvF?n^ $

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NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020