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

FACTEURS DE RISQUES, GESTION DES RISQUES ET PILIER III Gestion des risques

0OL F? G;L=Bw >O =Lw>CN F; JIOLMOCN? >?M ;=B;NM J;L F; " >? >?NN?M =ILJIL;N?M HIH @CH;H=CvL?M 0-- ?H ?OLI >;HM F? =;>L? >? Ff MM?N -LIAL;G -OL=B;M? ; MION?HO F? G;L=Bw JLCG;CL? 0OL =? M?AG?HN F? GIHN;HN wGCM ?Hn ?MN >f?HPCLIH nGCFFC;L>M >f?OLIM PM nGCFFC;L>M >f?OLIM ?Hn )?M @IH>M &HP?MNG?HN $L;>? &$ IHN ?HL?ACMNLw >?M =IFF?=N?M H?NN?M ?Hn n nGCFFC;L>M >f?OLIM JIOL F?M @IH>M &$ ?OLI ?N nGCFFC;L>M >? >IFF;LM JIOL F?M @IH>M &$ ?H >IFF;L 20 0OL F? G;L=Bw M?=IH>;CL? F?M MJL?;>M >? =Lw>CN M?HCIL JL?@?LL?> ?H ?OLI >?M <;HKO?M =IL? ?OLIJw?HH?M MIHN L?P?HOM MOL F?M HCP?;OR >O >wf;HHw? )fCH>C=? &NL;RR #CH 0?HCIL "OL ;JLvM ;PICL ;NN?CHN OH JC= ?H G;LMn rn @CHCN r MICN OH? B;OMM? >? M?OF?G?HN n? L?F;H=? GCM ?H JF;=? J;L F?M pN;NM IHN wA;F?G?HN J?LGCM >? MION?HCL Ff;=NCPCNw w=IHIGCKO? !;HM =? =IHN?RN? >? G;L=Bw +;NCRCM ; F?Pw ?Hn nGCFFC;L>M >f?OLIM >IHN nGCFFCIHM >f?OLIM >f;ONIJILNw?M ;O NCNL? >O JLIAL;GG? >? L?@CH;H=?G?HN r GIS?H ?N FIHA N?LG? 0?OF wG?NN?OL FIHA N?LG? MOL F? =IGJ;LNCG?HN >?M wGCMMCIHM JO? nGCFFC;L>M ?H =IHNL? P;F?OL ?OLI

Refinancement long terme )f;HHw? ;OL; wNw G;LKOw? J;L F; =LCM? >? F; ,3&! KOC ; L;F?HNC C;F? -IOL =IHN?HCL F?M CGJ;=NM w=IHIGCKO?M >? F; ,3&! ?N MION?HCL F? O G;L=Bw F?M <;HKO?M =?HNL;F?M IHN >€ ;ACL )?M G?MOL?M ;HHIH=w?M ;O JL?GC?L NLCG?MNL? J;L F; " N;OR >? >wJ~N CH=B;HAw G;CM =IH>CNCIHM JFOM @;PIL;O -"-- IHN PO F?OL N;CFF? ;OAG?HN?L ?N F?OL >wF;C >f;JJFC=;NCIH wN?H>O ?H =IOLM >f;HHw? CHMC Ff?HP?FIJJ? >O -"-- >fOH GIHN;HN CHCNC;F >? nGCFFC;L>M >f?OLIM ; wNw JILNw? r n nGCFFC;L>M >f?OLIM )? JLIAL;GG? ; wA;F?G?HN wNw JLIFIHAw DOMKOf?H G;LMn PM DOCHn CHCNC;F?G?HN ); #?> ; >? MIH =~Nw Lw>OCN J;L >?OR @ICM n nJ< ?N n nJ< ?H CHN?LG??NCHA F? N;OR #?>#OH>M n n n ?N ; ;HHIH=w OH JLIAL;GG? >f;MMIOJFCMM?G?HN KO;HNCN;NC@ JL?MKO? CFFCGCNw MIOM @ILG? > ;=B;N >? O 1LwMIL ?N * 0 ;CHMC KO? F; GCM? ?H JF;=? >? @;=CFCNwM JLIAL;GG? -* # ?N 0* # MOL F? GIS?H FIHA N?LG? )f;=NCIH >?M <;HKO?M =?HNL;F?M ; NCLw F?M N;OR P?LM F? <;M ;P?= OH? H?NN? >wN?HN? >?M L?H>?G?HNM ?N >?M MJL?;>M OH GIOP?G?HN JLIJC=? r F; P;FILCM;NCIH >? Ff?HM?G?M ;=NC@M

3

Émission et encours des différents programmes d’émissions de dette moyen long terme de Natixis

Émissions obligataires

GIHN;HNM ?H GCFFCIHM >`?OLIM IO =IHNL? P;F?OL ?OLIM

EMTN

NEU MTN

USMTN

iFBLLBHGL G

f

f

f

f

Risque de change structurel 3.2.7.3 IHHp?M =?LNC@Cp?M J;L F?M =IGGCMM;CL?M ;OR =IGJN?M ;O NCNL? >`%"./h Objectifs et politique M?HMC?M J;LCNwM >? =B;HA? ); JIFCNCKO? AwHwL;F? >? A?MNCIH >O LCMKO? >? =B;HA? MNLO=NOL?FF? >? F; <;HKO? =IHMCMN? r CGGOHCM?L F? /;NCI "1n "1 ?H >?PCM? L;JJILNw ;OR /4 >;HM F; GxG? >?PCM? =IHNL? FfwPIFONCIH >?M J;LCNwM >? =B;HA? ?NN? CGGOHCM;NCIH ?MN Lw;FCMw? J;L F; =IHMNCNONCIH >? JIMCNCIH >? =B;HA?

>CN? YnMNLO=NOL?FF?n^ GCM? ?H JF;=? >;HM F? =;>L? >O L?@CH;H=?G?HN J;L ;=B;N >? >?PCM?M >?M CHP?MNCMM?G?HNM H?NM MNL;NwACKO?M ?N IGJN? N?HO >? M?M ?RJIMCNCIHM ?H LCMKO? MOL >? HIGOL;? F; =IHMIGG;NCIH >? /4 >?PCM?M >IHN F 20 !IFF;L F? L;NCI "1 >? +;NCRCM JLwM?HN? OH? >;HM =?NN? >?PCM?

Dispositif de suivi ); M?HMC?M J;LCNwM >O L;NCI "1n n@;CN FfIfOH ?R;G?H JwLCI>CKO? ?H =IGCNw $ -

Position de change structurelle

Change structurel

Position à l’ouverture (01/01/2020)

Position à la fermeture (31/12/2020)

?PCM?M =P )f

0. 5 0 " + )4 #& -0 ." ' +

f

f

NMK>L

157

www.natixis.com

NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020

Made with FlippingBook Publishing Software