NATIXIS_REGISTRATION_DOCUMENT_2017
FINANCIAL DATA Consolidated financial statements and notes
Interests held in non-consolidated 4.2 structured entities The table below shows the (i) book value of interests held by Natixis in structuredentities, broken down by major activities,as well as (ii) the maximumexposureto the risk of loss attributable to these interests. As well as the breakdownof Natixis’ interests in these entities, the table below also provides information on the size of the entities. This information is reported on an aggregate basis, in which all entities that Natixis has an interest in, regardlessof the level of the interest,are groupedtogetherby business. The size of structuredentitiesequates: for Securitization, to the total issues under balance sheet a liabilities;
for AssetManagement,to the fund’snet assets; a for Structured Financing, to the amount of remaining loans a outstandingdue to banks in the pool (drawnoutstandings); for other activities,to the total assets. a The maximum risk exposure corresponds to the cumulative amount of interests recorded under balance sheet assets and commitmentsgiven,minus contingencyreservesrecordedunder liabilitiesand guaranteesreceived: the “Notional amount of derivatives”item correspondsto the a notional amount of option and CDS sales agreed to by Natixis with structuredentities; guaranteesreceived are guaranteesgranted by third parties to a Natixis to cover its exposure related to structured entities. They are only included on the “Guaranteesreceived” line and are not deductedfrom the asset items.
At December 31, 2017
5
12.31.2017
Asset Management
Structured Financing Other activities
Securitization
Total
(in millions of euros)
Financial assets at fair value through profit or loss
115
9,368
901
308 308
10,693
Trading derivatives
9
227
65
608
Trading instruments (excluding derivatives) Financial instruments at fair value through profit or loss
85
4,077
624
1
4,787
21
5,065 2,876 1,784
213
-
5,298 3,771
Available-for-sale financial assets
841
15
40
Loans and receivables
3,605
12,495
995
18,879
Held-to-maturity financial assets
-
-
-
-
-
Other assets
4
38
39
27
109
TOTAL ASSETS
4,565
14,066
13,450
1,371
33,452
Financial liabilities at fair value through profit or loss (derivatives)
54
237
499
37
828
Provisions
-
1
3
1
5
TOTAL LIABILITIES
54
238 488
503
38
832
Financing commitments given
4,457
2,091 2,057 2,807 2,380
530
7,567 8,109 3,070 4,013
Guarantees given
167
5,881
4
Guarantees received
-
1
263 922
Notional amount of sales of options and CDS
425
286
MAXIMUM EXPOSURE TO RISK OF LOSS
9,614
20,720
17,168
2,565
50,066
SIZE OF STRUCTURED ENTITIES 348,166 For Asset Management entities, guarantees given correspond to capital and/or performance guarantees given to mutual funds (see Note 4.1.3). 92,996 192,081 61,831 1,258
225
Natixis Registration Document 2017
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