NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

COMMITMENTS

NOTE 13

Guarantee commitments 13.1

holder incurs becausea debtor fails to make paymentwhen due. The exercise of these rights is subject to the occurrence of an

A financial guarantee is a contract that requires the issuer to compensate the holder of the contract for any loss that the

uncertainfutureevent.

The amountsshownrepresentthe nominalvalue of the commitmentundertaken:

12.31.2017

12.31.2016

(in millions of euros)

Guarantee commitments given To banks

9,976 1,434 8,542

2,790 1,638 1,152

Confirmation of documentary credits

Other guarantees

To customers

20,292

19,566

Real estate guarantees

188 350

226 347

Administrative and tax bonds

Other bonds and endorsements given

6,473

8,915

Other guarantees

13,281

10,077

TOTAL COMMITMENTS FOR GUARANTEES GIVEN Guarantee commitments received from banks

30,268 12,446

22,356 10,861

Financing commitments 13.2 In accordancewith IAS 39 (paragraph 2),financingcommitments outside the scope of IAS 39 are recognized in accordancewith IAS 37,“Provisions,contingentliabilitiesand contingentassets”. The following financing commitmentsfall within the scope of IAS 39: commitments classified as financial liabilities at fair value a through profit or loss. If an entity has a practice of reselling or securitizing loans immediately after they are issued, these loans are accountedfor in accordancewith IAS 39 as from the date the loan commitmentis undertaken; commitmentswhichare settlednet (i.e. sold); a commitmentswhich result in a loan granted at below-market a interestrates.

Other financing commitments falling within the scope of IAS 37 A financingcommitmentgiven is a contingentliability,definedby IAS 37as: a potentialobligationarising frompast eventswhoseexistence a will be confirmedonly by the occurrenceor non-occurrenceof one or more uncertain future events not wholly within the controlof the entity;or a present obligation arising as a result of past events but not a recognizedbecause: it is not likely that an outflow of economic benefits will be j requiredto settle the obligation,or the amount of the obligation cannot be measured with j sufficientreliability.

12.31.2017

12.31.2016

(in millions of euros)

Financing commitments given To banks a

2,599

1,933

To customers a

58,756

60,700

Documentary credits

2,771

4,444

Other confirmed lines of credit

47,621

51,787

Other commitments

8,364

4,470

TOTAL FINANCING COMMITMENTS GIVEN

61,355

62,633

Financing commitments received from banks a

4,303 6,182

9,289 4,209

from customers a

TOTAL FINANCING COMMITMENTS RECEIVED

10,485

13,498

314

Natixis Registration Document 2017