ÉLÉMENTS FINANCIERS Comptes consolidés et annexes
Note 4
Entités structurées
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<;CF FfIJwL;NCIH ?MN =IHMNLOCN? >? N?FF? MILN? KO? MIH LwMOFN;N MICN HOF r NION? >;N? 0?OFM F?M wPvH?G?HNM >? >w@;ON J?OP?HN ;FILM GI>C@C?L F? LwMOFN;N >? Ff?HNCNw MNLO=NOLw? ?H =IH>OCM;HN r F; =?MMCIH >?M >LICNM MOL Ff;=NC@ OH? @ICM F?M A;L;HNC?M ?R?L=w?M +;NCRCM ; F? JIOPICL >? @;CL? P?H>L? Ff;=NC@ ?H =;M >fwPvH?G?HNM >? >w@;ON M?OF IO PC; Ff;A?HN >O MSH>C=;N <;H=;CL? ? >LICN ?MN ;MMCGCFw r OH >LICN >? JLIN?=NCIH JOCMKO? +;NCRCM H? O JLI>OCN >? F; P?HN? ;O
>?Fr >?M MIGG?M L?MN;HN >O?M ;O NCNL? >O =IHNL;N >? JLxN +;NCRCM Hf; >IH= J;M F? JIOPICL MOL F?M ;=NCPCNwM J?LNCH?HN?M >? =?M ?HNCNwM )ILMKO? =?M MNLO=NOL?M H? MIHN J;M ;ONIJCFINw?M =f?MN AwHwL;F?G?HN F? MJIHMIL KOC >CLCA? F?M ;=NCPCNwM J?LNCH?HN?M ?N AwHwL;NLC=?M >? L?H>?G?HNM IGG? JLw=w>?GG?HN F?M >LICNM >? +;NCRCM ?H N;HN KO? JLxN?OL MIHN >?M >LICNM JLIN?=N?OLM FCGCNwM ;O GIHN;HN >? M; =Lw;H=? +;NCRCM Hf; >IH= J;M F? JIOPICL MOL F?M ;=NCPCNwM J?LNCH?HN?M >? =?M ?HNCNwM "H IONL? +;NCRCM ?MN L;L?G?HN ;=NCIHH;CL? >? =?M ?HNCNwM ?N KO;H> ?FF? Ff?MN M; J;LNC=CJ;NCIH ?MN AwHwL;F?G?HN GCHILCN;CL? )?M ?HNCNwM ;O M?CH >?MKO?FF?M +;NCRCM >wNC?HN OH? J;LNC=CJ;NCIH G;DILCN;CL? MIHN ?H @;C >?M =IGJN?M =IHMIFC>wM Opérations de Gestion d’actifs 4.1.3 OPCVM !? @;uIH AwHwL;F? F?M CHP?MNCMM?G?HNM ?H YnM??>
GIH?Sn^ >wN?HOM MOL OH? >OLw? CH@wLC?OL? r OH ;H H? @IHN J;M FfIfOH? =IHMIFC>;NCIH OPCVM non garantis 1. )?M ;=NCPCNwM J?LNCH?HN?M >fOH ,- 3* =ILL?MJIH>?HN ;OR ;=NCPCNwM >fCHP?MNCMM?G?HN ?N >? >wMCHP?MNCMM?G?HN >?M P;F?OLM GIO @IH>M ?M ;=NCPCNwM MIHN G?Hw?M >? @;uIH >CM=LwNCIHH;CL? J;L F?M MI=CwNwM >? A?MNCIH >? +;NCRCM &HP?MNG?HN *;H;A?LM ?N >? +;NCRCM 4?;FNB *;H;A?G?HN JIOL F? =IGJN? >?M CHP?MNCMM?OLM ); LwGOHwL;NCIH >? +;NCRCM &HP?MNG?HN *;H;A?LM ?N >? +;NCRCM 4?;FNB *;H;A?G?HN ?H N;HN KO? A?MNCIHH;CL? ?MN G;LACH;F? J;L L;JJILN r F; J?L@ILG;H=? M?LPC? ;OR CHP?MNCMM?OLM "H ?@@?N F?M =IGGCMMCIHM >? A?MNCIH ?N >? MOLJ?L@ILG;H=? J?LuO?M MIHN >;HM F? G;L=Bw ?N ?H ;>wKO;NCIH ;P?= F?M M?LPC=?M L?H>OM Ff;=NCPCNw >? $?MNCIH >f;=NC@M Mf?@@?=NO;HN >;HM OH G;L=Bw =IH=OLL?HNC?F ?N CHN?LH;NCIH;F
2H? ?HNCNw MNLO=NOLw? ?MN OH? ?HNCNw =IHuO? >? N?FF? G;HCvL? KO? F?M >LICNM >? PIN? IO >LICNM MCGCF;CL?M H? =IHMNCNO?HN J;M F? @;=N?OL >wN?LGCH;HN JIOL wN;LICNM >? PIN? =IH=?LH?HN OHCKO?G?HN >?M Nt=B?M ;>GCHCMNL;NCP?M ?N KO? F?M ;=NCPCNwM J?LNCH?HN?M MIHN >CLCAw?M ;O GIS?H >f;==IL>M =IHNL;=NO?FM )?M ?HNCNwM MNLO=NOLw?M JLwM?HN?HN AwHwL;F?G?HN OH? IO JFOMC?OLM >?M =;L;=NwLCMNCKO?M MOCP;HN?Mn >?M ;=NCPCNwM ?N >?M Iw@CHCMn V >?M =;JCN;OR JLIJL?M @;C? @CH;H=?L F?OLM ;=NCPCNwM M;HM L?=IOLCL r >?M @CH;H=?G?HNM MOIHHwMn OH @CH;H=?G?HN J;L wGCMMCIH MIOM F; @ILG? >? GOFNCJF?M V CHMNLOG?HNM =IHNL;=NO?FF?G?HN FCwM KOC =Lw?HN >?M =IH=?HNL;NCIHM >? =Lw>CN IO >f;ONL?M LCMKO?M NL;H=B?M n J?O IO J;M >? J?LMIHH?F V structurées avec lesquelles Natixis est en relation Principes généraux 4.1.1 +;NCRCM JO?M CH@ILG;NCIHM ;O NCNL? >f&#/0n JIOL NION?M F?M ?HNCNwM MNLO=NOLw?M >;HM F?MKO?FF?M ?FF? >wNC?HN OH CHNwLxN ?N CHN?LPC?HN ;P?= FfOH IO JFOMC?OLM >?M L~F?M MOCP;HNMn ILCACH;N?OL MNLO=NOL?OL ;LL;HA?OLn V ;A?HN JF;=?OLn V A?MNCIHH;CL? >?M ;=NCPCNwM J?LNCH?HN?Mn IO V NION ;ONL? L~F? ;S;HN OH? CH=C>?H=? JLwJIH>wL;HN? >;HM F; V MNLO=NOL;NCIH IO F; A?MNCIH >? FfIJwL;NCIH 2H CHNwLxN >;HM OH? ?HNCNw Mf?HN?H> =IGG? OH FC?H =IHNL;=NO?F IO HIH =IHNL;=NO?F KOC ?RJIM? Ff?HNCNw r OH LCMKO? >? P;LC;NCIH >?M L?H>?G?HNM ;MMI=CwM r F; J?L@ILG;H=? >? Ff;ONL? ?HNCNw )?M CHNwLxNM >;HM OH? ;ONL? ?HNCNw J?OP?HN xNL? ;NN?MNwM ?HNL? ;ONL?MnJ;L F; >wN?HNCIH >fCHMNLOG?HNM >? =;JCN;OR JLIJL?M IO >? NCNL?M >? =Lw;H=? ;CHMC KO? J;L >f;ONL?M @ILG?M >? FC?HM N?FF?M KOfOH @CH;H=?G?HN OH =Lw>CN >? NLwMIL?LC? OH L?B;OMM?G?HN >? =Lw>CN FfI=NLIC >? A;L;HNC?M IO >? >wLCPwM MNLO=NOLwM "H =IHMwKO?H=? H? MIHN J;M L?N?HO?M >;HM F? JwLCGvNL? >? =IHMIFC>;NCIH &#/0n HC >;HM =?FOC >? =IGGOHC=;NCIH >fCH@ILG;NCIHM =IGJFwG?HN;CL?M &#/0n n F?M ?HNCNwM MNLO=NOLw?M >IHN F? M?OF FC?H ;P?= +;NCRCM ?MN =IHMNCNOw V J;L OH? IJwL;NCIH =IOL;HN? ?FF?
=C =ILL?MJIH> r OH CHMNLOG?HN @CH;H=C?L HIH MNLO=NOLw Hf;S;HN AwHwL;F?G?HN J;M >fCH=C>?H=? MCAHC@C=;NCP? MOL F; P;LC;?M L?H>?G?HNM >? Ff?HNCNw MNLO=NOLw? ?N JIOP;HN xNL? =IH=FO J;L +;NCRCM CH>C@@wL?GG?HN ;P?= >?M ?HNCNwM MNLO=NOLw?M IO ;P?= >?M ?HNCNwM r AIOP?LH;H=? =F;MMCKO? )?M >C@@wL?HN?M @ILG?M >fIJwL;NCIHM =IOL;HN?M MIHN JLCH=CJ;F?G?HNn F?M >wLCPwM P;HCFF?M >? N;OR >? =B;HA? ?N MOL ;ONL?M MIOM
D;=?HNM V ;CHMC KO? F?M IJwL;NCIHM >? JLxNM ?GJLOHNM >? NCNL?M ?N >? J?HMCIHM F?M A;L;HNC?M ?N F?M @CH;H=?G?HNM P;HCFF?M ;==IL>wM r >?M 0 & V @;GCFC;F?M IO r =?LN;CH?M BIF>CHAM F?M ?HNCNwM MNLO=NOLw?M ?RN?LH?M >;HM F?MKO?FF?M +;NCRCM CHN?LPC?HN V =IGG? MCGJF? CHP?MNCMM?OL &F Mf;ACNn >? JF;=?G?HNM >;HM >?M ,- 3* ?RN?LH?M KO? +;NCRCM H? AvL? V J;M r Ff?R=?JNCIH >? =?OR >;HM F?MKO?FM +;NCRCM >wNC?HN F; KO;MC
NIN;FCNw >?M J;LNM Périmètre des entités 4.1
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NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020