5 ÉLÉMENTS FINANCIERS Comptes sociaux et annexes
Activité institutionnelle 2.7 !;HM F? =;>L? >? Ff;LNC=F?n >? F; FIC >? @CH;H=?M L?=NC@C=;NCP? JIOL H[n
>O n>w=?GC@Cw J;L Ff;LNC=F?n >? F; FIC >? @CH;H=?M L?=NC@C=;NCP? JIOL H[n
>O n>w=?G? Ff;LNC=F?n >? F; FIC >? @CH;H=?M L?=NC@C=;NCP? JIOL H[n
>? n>w=?G? F; =IHP?HNCIH MCAHw? ;P?= FfpN;N F? n>w=?G? JLI=w>OL?M JO? FfpN;N >IHN JLCH=CJ;F?G?HN F?M JLxNM ?N >IHM >O 1LwMIL ;OR pN;NM wNL;HA?LM =IHM?HNCM >;HM F? =;>L? >? Ff C>? -OO 1LwMIL HIH =IH=?MMCIHH?FM r >?M pN;NM wNL;HA?LM F?M >IHM ;O NCNL? >O Yn#IH>M >fpNO>?M ?N >f C>? ;O 0?=N?OL -LCPwn^ ?N F; MN;? N;OR >fCHNwLxN >?M =Lw>CNM r Ff?RJILN;NCIH A;L;HNCM J;L FfpN;N )?M IJwL;NCIHM L?F?P;HN >? =?M GCMMCIHM @IHN FfIfOH ?HL?ACMNL?G?HN =IGJN;CMNCH=N ?N =?LN;CH?M >f?HNL? ?FF?M J?OP?HN L?=?PICL F; A;L;HNC? >? FfpN;N "MN ;CHMC =IHMNCNOw F? J;NLCGICH? >? +;NCRCM ;@@?=Nw r F; A?MNCIH >?M JLI=w>OL?M JO?M JLI=w>OL?M IHN OH >LICN MJw=C@CKO? )?M ?GJFICM ?N L?MMIOL=?M >? F; <;HKO? ;O NCNL? >? =?M ;=NCPCNwM CHMNCNONCIHH?FF?M MIHN C>?HNC@CwM ;O ? =B;=OH? >?M LOOL?M 2.8 )?M ;P;HN;A?M >IHN ;HM F; LO? J?LMIHH?Fn^ &FM MIHN =F;MMwM ?H KO;NL? =;NwAILC?Mn "4B JU0E0=C064B X 2>DAC C4A<4UM N?FM KO? F?M M;F;CL?M =INCM;NCIHM >? Mw=OLCNw MI=C;F? F?M =IHAwM ;HHO?FM FfCHNwL?MM?G?HN F; J;LNC=CJ;NCIH Ff;?G?HN ?N F?M LwGOHwL;NCIHM P;LC;;HM F?M >IOT? GICM MOCP;HN F?OL ;NNLC? Ff?R?L=C=? >OL;HN F?KO?F F?M G?GO J?LMIHH?F IHN L?H>O F?M M?LPC=?M =ILL?MJIH>;HNM "4B JU8=34<=8C\B 34 58= 34 2>=CA0C 34 CA0E08;UM ;==IL>w?M ;OR M;F;LCwM FILM >? F; LwMCFC;NCIH >? F?OL =IHNL;N >? NL;P;CF ?N ;P;HN F? >wJ;LN ?H L?NL;CN? @IHN FfIfOH? JLIPCMCIH "4B JU0E0=C064B ?>BC\A84DAB X ;Q48UM N?FM KO? F?M LwACG?M >? L?NL;CN? F?M LwACG?M >? L?NL;CN? =IGJFwG?HN;CL? >? J?HMCIH <;H=;CL? F?M CH>?GHCNwM >? @CH >? =;LLCvL? ?N F?M ;ONL?M JL?MN;NCIHM =IHNL;=NO?FF?M CMNCHAO?n F?M A\68<4B X 2>C8B0C8>=B 3\58=84B =IGJL?H;HN JLCH=CJ;F?G?HN F?M V LwACG?M >? L?NL;CN? >? <;M? >? F; Mw=OLCNw MI=C;F? ?N F?M LwACG?M >? L?NL;CN? =IGJFwG?HN;CL?M >? Ff $&/ ?N >? Ff // , JIOL F?MKO?FM Ff?HNL?JLCM? Hf?MN J;M ?HA;Aw? MOL OH HCP?;O >? JL?MN;NCIHM )?M =INCM;NCIHM ;JJ?Fw?M ;O NCNL? >? =?M LwACG?M MIHN =IGJN;? Ff?R?L=C=?n F?M A\68<4B X ?A4BC0C8>=B 3\58=84B JIOL F?MKO?FM +;NCRCM Mf?HA;A? V >? G;HCvL? @ILG?FF? IO CGJFC=CN? MOL OH GIHN;HN IO OH HCP?;O >? JL?MN;NCIHM >IHH?HN FC?O r wP;FO;NCIH ?N JLIPCMCIHH?G?HN )?M LwACG?M r JL?MN;NCIHM >w@CHC?M @IHN FfIfOH? JLIPCMCIH >wN?LGCHw? r J;LNCL >fOH? wP;FO;NCIH ;=NO;LC?FF? >? FfI? >?M OHCNwM >? =Lw>CN JLID?Nw?M JL?H;HN ?H =IGJN? >?M BSJINBvM?M >wGIAL;JBCKO?M ?N @CH;H=CvL?M ); P;F?OL >?M ;=NC@M >? LwACG? ?MN >w>OCN? >? F; >?NN? ;=NO;LC?FF? ;CHMC >wN?LGCHw? ?NN? wP;FO;NCIH ?MN Lw;FCMw? LwAOFCvL?G?HN J;L >?M ;=NO;CL?M CH>wJ?H>;HNM )?M BSJINBvM?M ;=NO;LC?FF?M MIHN L?PO?M MOL OH LSNBG? ;HHO?F )?M >C@@wL?H=?M FCw?M ;OR =B;HA?G?HNM >fBSJINBvM?M ;=NO;LC?FF?M ?N F?M ;DOMN?G?HNM FCwM r Ff?RJwLC?H=? ?@@?N >?M >C@@wL?H=?M =IHMN;Nw?M ?HNL? F?M BSJINBvM?M ;=NO;LC?FF?M ;HNwLC?OL?M ?N =? KOC Mf?MN ?@@?=NCP?G?HN JLI>OCN =IHMNCNO?HN >?M w=;LNM ;=NO;LC?FM IGG? Ff;ONILCM? F; L?=IGG;H>;NCIH >? Ff + H[n
>O nHIP?GfwP;FO;NCIH ?N >? =IGJN;?M ?HA;A?G?HNM >? L?NL;CN? ?N ;P;HN;A?M MCGCF;CL?M KOC J?LG?NN?HN >? M? L;JJLI=B?L ?H J;LNC? >?M >CMJIMCNCIHM >? F; HILG? & 0n LwPCMw? N?FF? KOf;>IJNw? J;L Ff2HCIH Avantages du personnel
Opérations d’échange de taux ou de devises ?M IJwL;NCIHM MIHN Lw;FCMw?M M?FIH KO;NL? @CH;FCNwMn GC=LI=IOP?LNOL? =IOP?LNOL? ;@@?=Nw? n V G;=LI=IOP?LNOL? A?MNCIH AFI<;F? >? fOH JILN?@?OCFF? >? NL;HM;=NCIH V )?M A;CHM IO J?LN?M Lw;FCMwM MOL IJwL;NCIHM >? =IOP?LNOL? ;@@?=Nw?M MIHN L;JJILNwM ;O =IGJN? >? LwMOFN;N MSGwNLCKO?G?HN r F; =IGJN;?M JLI>OCNM ?N =B;LA?M >? FfwFwG?HN =IOP?LN )?M =B;LA?M ?N F?M JLI>OCNM L?F;NC@M ;OR CHMNLOG?HNM @CH;H=C?LM r N?LG? ;S;HN JIOL IO LCMKO? >? N;OR >? +;NCRCM MIHN CHM=LCNM JLIL;N; N?GJILCM )?M A;CHM ?N F?M J?LN?M F;N?HNM H? MIHN J;M ?HL?ACMNLwM )? NL;CN?G?HN =IGJN;?M JIMCNCIHM MJw=OF;NCP?M ?MN C>?HNCKO? JIOL F?M CHNwLxNM -;L ;CFF?OLM F?M GICHM
P;FO?M F;N?HN?M =IHMN;Nw?M ?H >;N? >f;LLxNw J;L L;JJILN r F; P;F?OL >? G;L=Bw >?M =IHNL;NM MIHN ?HL?ACMNLw?M ?H LwMOFN;N J;L PIC? >? JLIPCMCIH ); >?LHCvL? =;NwAILC? @;CN FfIfOH? wP;FO;NCIH CHMNLOG?HN J;L CHMNLOG?HN r F; P;F?OL >? G;L=Bw )?M P;LC;NCIHM >? P;F?OL >fOH ;LLxNw =IGJN;C;N?G?HN ?H =IGJN? >? LwMOFN;N )fwP;FO;NCIH ?MN =ILLCAw? >?M LCMKO?M >? =IHNL?J;LNC? >O =IN >? @CH;H=?G?HN >?M JIMCNCIHM ?N >? F; P;F?OL ;=NO;FCMw? >?M =B;LA?M >? A?MNCIH @ONOL?M ;@@wL?HN?M ;OR =IHNL;NM Opérations de change à terme )?M IJwL;NCIHM >? =B;HA? r N?LG? >CN?M YnMv=B?Mn^ IO ?@@?=NOw?M ?H =IOP?LNOL? >f;ONL?M IJwL;NCIHM >? =B;HA? r N?LG? MIHN wP;FOw?M M?FIH F? =IOLM >? =B;HA? r N?LG? L?MN;HN r =IOLCL >? F; >?PCM? =IH=?LHw? )?M >C@@wL?H=?M >fCHNwLxNM IO L?JILNM >wJILNM FCw?M ;OR IJwL;NCIHM >? =B;HA? r N?LG? =IOP?LN?M MIHN ?HL?ACMNLw?M >? G;HCvL? w=B?FIHHw? J;LGC F?M =B;LA?M IO JLI>OCNM >fCHNwLxN MOL F; >OLw? ?@@?=NCP? >?M IJwL;NCIHM Options (taux, change, actions) et contrats à terme )? GIHN;HN HINCIHH?F >? FfCHMNLOG?HN MIOM
D;=?HN MOL F?KO?F JILN? FfIJNCIH IO F? =IHNL;N r N?LG? ?MN ?HL?ACMNLw ?H >CMNCHAO;HN F?M =IHNL;NM >? =IOP?LNOL? >?M =IHNL;NM HwAI=CwM >;HM F? =;>L? >fIJwL;NCIHM >? G;L=Bw -IOL F?M IJwL;NCIHM >? =IOP?LNOL? F?M JLI>OCNM ?N =B;LA?M MIHN L;JJILNwM ?H LwMOFN;N >? G;HCvL? MSGwNLCKO? r F; JLCM? ?H =IGJN? >?M JLI>OCNM ?N =B;LA?M ;@@wL?HNM r FfwFwG?HN =IOP?LN !;HM F? =;M >?M IJwL;NCIHM BILM =IOP?LNOL? F?M JIMCNCIHM MOL OH? =F;MM? >fIJNCIHM IO >? =IHNL;NM r N?LG? MIHN L?P;FILCMw?M ?H >;N? >? MCNO;NCIH r F; P;F?OL >? G;L=Bw )?M P;LC;NCIHM >? P;F?OL >? G;L=Bw MIHN >CL?=N?G?HN CHM=LCN?M ?H =IGJN? >? LwMOFN;N ?J?H>;HN JIOL F?M CHMNLOG?HNM NL;CNwM MOL >?M G;L=BwM >? ALw r ALw F?M A;CHM ?N F?M J?LN?M H? MIHN ?HL?ACMNLwM ?H =IGJN? >? LwMOFN;N KOf;O >wHIO?G?HN >?M NL;HM;=NCIHM M;HM JLwDO>C=? >? F; =IHMNCNONCIH wP?HNO?FF? >? JLIPCMCIHM ?H =IOLM >? PC? >? FfCHMNLOG?HN r B;ON?OL >O LCMKO? H?N ?H=IOLO ); JLwM?HN;NCIH >?M JLCG?M MOL IJNCIHM >IHN F? LvAF?G?HN ?MN w=Bw;H=w IO C@Cw? ;O n>w=?G
422
NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020