NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

Offsetting financial assets 6.3 and liabilities

equityoptionsare offset by ISIN code and maturitydate; j as regards repurchase agreements, Natixis records on its a balance sheet the net value of repurchase and reverse repurchaseagreementsthat: are enteredinto with the same clearinghouse, j

The table below presents the amounts offset on the Natixis balancesheet meetingthe criteria set out in IAS 32as detailedin Note 5.13 as well as the impacts linked to the existence of an enforceableright of set-off under a master netting arrangement or similar agreements that do not meet the criteria set out in IAS 32dealingwith offsetting. The gross offset amounts reflect derivatives and repurchase agreementswith clearinghouses for which the criteria set out in IAS 32are met: for OTC derivatives, the information is presented in a consideration of the effects of the currency offset between asset valuationsand liabilityvaluationsof the derivatives; for asset switches that have similar nominal amounts and a identical maturities and currencies, Natixis presents these transactionsas a single financialasset or liability; for listed derivatives, the positions recorded under the a respectiveasset and liability items for: index options and futures options are offset by maturity and j by currency,

have the samematuritydate, j involvethe same custodian, j are made in the same currency. j

The impacts linked to the existence of an enforceable right of set-off under master netting arrangementsor similar agreements correspond to derivative amounts or outstanding repos covered by master arrangements under which the net settlement criterion or the simultaneoussettlement of assets and liabilities cannot be demonstratedor for which the right to set-off cannot be exercised except in the event of the default, insolvency or bankruptcy of one or more counterparties.These amounts are not offset on the balancesheet. Guarantees received and given in the form of the securities shown in the “Financial instruments”column are recognized at fair value.

6.3.1

Financial assets

12.31.2017

12.31.2016

Gross amount of financial assets recognized in the balance sheet*

Net amount of financial assets recognized in the balance sheet

Gross amount of financial assets recognized in the balance sheet*

Net amount of financial assets recognized in the balance sheet

Gross amount of offset financial liabilities

Gross amount of offset financial liabilities

(a)

(b)

(c) = (a) - (b)

(a)

(b)

(c) = (a) - (b)

(in millions of euros)

Financial assets at fair value through profit or loss

103,213 60,723 42,490

23,536 15,071

79,677 45,652 34,025

116,535 68,257 48,278

24,130 16,628

92,405 51,629 40,776

Derivatives

Repurchase agreements

8,465

7,502

Other financial instruments Hedging derivatives

2,516

2,355

161

3,308

3,077

231

Loans and receivables due from banks Repurchase agreements

3,214 3,214

700 700

2,514 2,514

4,236 4,236

4,236 4,236

Other financial instruments Customer loans and receivables

50,819 50,819

5,759 5,759

45,060 45,060

47,815 47,815

12,572 12,572

35,243 35,243

Repurchase agreements

Other financial instruments

TOTAL

159,762

32,350

127,412

171,894

39,779

132,115

Gross amount of financial assets offset or covered by a master netting or similar arrangement. *

252

Natixis Registration Document 2017