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

$GLMBMNMBHG ?BG:G

HKIHK:M> =HGMf+(

!BG:G<>F>GML LIo

(H=nE>L => GHM:MBHG k =BK> =`>QI>KML LNBO:GM E> MRI> =`:

->M:BE +(

(H=nE>L LM:MBLMBJN>L LNBO:GM E> L>NK =`:

'"

.HNO>K:BG

(H=nE> JN:EBM:MB? ;:Lo LNK E>L =o?:NML BGM>KG>L >M >QM>KG>L '`oO:EN:MBHG =>fE:f'" >G IoKBH=> => K>IEB >LM IKBL> >G =:GL E:fF>LNK> HvfMHNLfE>Lf=o?:NML LHGM IKBL >G IHNK E>fFH=nE> '" (H=nE>L JN:EBM:MB?L ;:LoL LNK E>L =o?:NML BGM>KG>L >M >QM>KG>L L>EHG E>fMRI> =>fI:KMB> '>L '" oO:ENo>L GG>GM E>L =o?:NML LNKO>GNL >G IoKBH=> => K>IEB (H=nE>L LM:MBLMBJN>L :K;K>L => =o O:E>NKL =`:EHG E> MRI> =`:LfF:K@>L => IKN=>G<> BGMo@Ko>L =:GLfE>L FH=nE>L '" I>KF>MM>GM => L IoKBH=>L =>fK>IEB GHM:FF>GM OB: E>LfM>L => ;HHMLMK:I (H=nE>L =`oO:EN:MBHG =>L :O>GM> '>L ARIHMAnL>L =>f<>LLBHG =`:L L>EHG =>L L

$GLMBMNMBHG ?BG:G

HKIHK:M> =HGMf+(

!BG:G<>F>GML LIo

!

!BG:G<>F>GM =HGM +( BGLMBMNMBHG ?BG:G >MfLHNO>K:BG

(H=nE> <:EB;Ko LNK E>L =o?:NML BGM>KG>L >M L>@F>GM:MBHG LNKfE>fMRI>f=>fIKH=NBM >MfE: G:MNK> => E: I:KMB>

HKK>MoL ?BG:GL >Mf:NMK>L

(H=nE>L LMHL =>L fF:K< =>LfARIHMAnL>L ?HG=o>L k I:KMBK =>L =HGGo>L >M =>L >QI>KMBL>L BGM>KG>L

)? GI>vF? @;CN CHN?LP?HCL JLCH=CJ;F?G?HN F?M wFwG?HNM >? GI>wFCM;NCIH =C >?MMIOMn F?M GI>vF?M >? JLC=CHA J?LG?NN;HN F; LwwP;FO;NCIH >?M JLI>OCNM MOL V F?M >C@@wL?HN?M NL;D?=NICL?Mn F; GI>wFCM;NCIH >O =FIM? ION H?NNCHA @L;G?QILEn V F?M GI>vF?M >? >C@@OMCIH >?M @;=N?OLM >C@@OMwM ?N ;JJ?FwM FILM >? V FfwN;J? >? P;FILCM;NCIH

Principaux modèles utilisés pour le risque de contrepartie )? =;F=OF >? Ff""-" "@@?=NCP? "RJ?=N?> -IMCNCP? "RJIMOL? Hw=?MMCN? >? MCGOF?L F?M =B;HA?G?HNM JIN?HNC?FM >?M @;=N?OLM >? LCMKO? r >?M >;N?M @ONOL?M MOL OH AL;H> HIG? M=wH;LCIM ?H ONCFCM;HN OH? ;JJLI=B? *IHN? ;LFI )? *;LE NI *;LE?N >? =B;KO? NL;HM;=NCIH ?MN ?HMOCN? LwwP;FOw r =B;KO? BILCTIH N?GJIL?F MCGOFw ?N r =B;KO? M=wH;LCI O HCP?;O >? F; =IGJ?HM;NCIH Ff?RJIMCNCIH ?MN ?HMOCN? =;F=OFw? J;L ;ALwA;NCIH >?M JLCR ?H N?H;HN =IGJN? >O =;>L? DOLC>CKO? ;==IL>M =;>L?M ?N ;HH?R? >? MIONC?H ;O =Lw>CN J?LG?NN;HN F; =IGJ?HM;NCIH >?M JLCR ?N F; =IGJ?HM;NCIH >?M ?RJIMCNCIHM =IFF;NwL;F?M ); P;F?OL >f?RJIMCNCIH JIOL OH? =IHNL?J;LNC? >IHHw? ?MN @CH;F?G?HN wA;F? r F; MIGG? >?M P;F?OLM >?M ?RJIMCNCIHM =;F=OFw?M JIOL NIOM F?M ?HM?G? =IGJ?HM;NCIH

Modèle par classe d’actif (H=nE> => =B??NLBHG M:NQ (H=nE> => =B??NLBHG =N ;:LBL M:NQ (H=nE> => =B??NLBHG : => =B??NLBHG =>L ?NMNK>L LNK F:MBnK>L IK>FBnK>L

(H=nE> => =B??NLBHG => =B??NLBHG BG?E:MBHG

134

NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020