NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

Net fee and commission income 7.2 The method of accounting for fees and commissions received in respect of services or financial instruments depends on the ultimate purpose of the services rendered and the method of accounting for the financial instruments to which the service relates. The main accounting principles applying are presented in Note 6.19. Fiduciary or similar fees and commissions are those that result in assets being held or invested on behalf of individual customers,

pension schemes or other institutions. In particular, trust transactions cover Asset Management and custody activities performed on behalf of third parties. As stipulated by the contractual provisions in their prospectuses, performance fees will be paid on certain funds managed by Natixis Investment Managers affiliates that outperform.

31/12/2019

31/12/2018

Income Expense

Total

(in millions of euros)

Income Expense

Total

Interbank transactions

7

(29)

(22) 551 (55) 412

4

(45) (16)

(41) 752 (83) 372

Transactions with customers

553

(2)

768

Securities transactions

69

(124)

73

(157)

Payment services Financial Services

473 229

(61)

422 460

(50)

(598)

(369) 4,007

(728)

(268) 3,831

Fiduciary transactions (a)

4,007

0

3,831

0

Financing, guarantee, securities and derivative commitments

235 147

(117)

118

266 143

(134)

132

Other (b)

(1,265) (2,197)

(1,119)

(1,192) (2,322)

(1,050)

TOTAL (c) 3,645 Of which performance fees in the amount of €627 million (of which €537 million for Europe) at December 31, 2019, versus €426 million (of which €420 million (a) for Europe) at December 31, 2018. Of which net fee and commission income of -€1,243 million at December 31, 2019, versus -€1,170 million at December 31, 2018, for insurance activities, for (b) which the related income is presented as “Net income from insurance activities”. At December 31, 2018, the SFS division’s retail banking entities recognized in assets held for sale contributed +€107 million to net fee and commission income. (c) 5,719 3,523 5,967

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019