NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

Financial assets transferred 6.7.2 The tables below show financial asset transfersaccordingto the amendment to IFRS 7, which distinguishes two categories of transferred assets: transferred financial assets that are not, partially or wholly, derecognized,and transferredfinancial assets that are fully derecognized, for which Natixis maintains continuinginvolvement. A financial asset is partially or wholly transferred if Natixis transfers the contractual rights to collect cash flow from the financial asset or retains the contractual rights to collect cash flow from the financial asset but assumes a contractual obligationto pay those cash flows to one or more beneficiaries. Natixis has continuing involvement in a fully derecognized transferred financial asset if, according to the terms of the transfer,it retainscontractualrights or obligationsinherentin that asset or obtainsor assumesnew contractualrights or obligations to that asset.

Financial assets transferred but not fully derecognized 6.7.2.1 Transferred financial assets that are not derecognized are essentiallycomposedof the followinginstruments: repurchasedsecurities; a securitieslendingbackedby cash remittals; a dry securitieslending; a securitization for which the counterparties to the associated a debts have recourseonly to the transferredassets. These instruments are considered transferred assets because they are the underlying assets of transactions that organize a transfer between Natixis and the assignee of ownership of the assetsand the attachedcash flows. They are kept on the asset side of the consolidated balance sheet because virtually all the benefits and risks are maintained, since the securities must be returned to Natixis (unless Natixis defaults).

REPURCHASE AGREEMENTS R

5

12.31.2017

12.31.2016

Book value of transferred assets

Book value of associated liabilities

Book value of transferred assets

Book value of associated liabilities

(in millions of euros)

Financial assets at fair value through profit or loss Available-for-sale financial assets Held-to-maturity financial assets Loans and receivables at amortized cost TOTAL

14,215

13,524

10,979

10,741

4,617

4,614

4,295

4,317

63

63

18,895

18,201

15,274

15,058

SECURITIES LENDING R

12.31.2017

12.31.2016

Book value of transferred assets

Book value of transferred assets

(in millions of euros)

Financial assets at fair value through profit or loss

1,656

2,889

Available-for-sale financial assets TOTAL

1,656

2,889

SECURITIZATION FOR WHICH THE COUNTERPARTIES TO THE ASSOCIATED DEBTS HAVE RECOURSE R ONLY TO THE TRANSFERRED ASSETS

12.31.2017

Book value of associated liabilities

Fair value of associated liabilities

Book value of transferred assets

Fair value of transferred assets

Net position

(in millions of euros)

Asset-backed securities

5,472

4,409

5,472

4,409

1,063

TOTAL 1,063 At December 31, 2017, €333 million (€349 million at December 31, 2016) in bonds self-underwritten by Natixis and eliminated on consolidation were lent or sold under repurchase agreements. 5,472 4,409 5,472 4,409

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Natixis Registration Document 2017