NATIXIS_REGISTRATION_DOCUMENT_2017

ADDITIONAL INFORMATION Glossary

Acronym/Term

Definition

Deeply subordinated notes (Titres Super Subordonnés), i.e. perpetual bonds with no contractual redemption commitment that pay interest in perpetuity. In the event of liquidation, they are repaid after other creditors (subordinated loans). These securities pay annual interest contingent on the payment of a dividend or the achievement of a specific result.

TSS

Total transfer of assets and liabilities (Transmission Universelle de Patrimoine)

TUP

United Kingdom

UK US

United States of America

US dollar

USD

A measure of market risk on a bank’s trading book expressed as a monetary value. It allows the entity performing the calculation to appraise the maximum losses liable to be incurred on its trading book. A statistical variable, VaR is always assigned a confidence interval (generally 95% or 99%) and a specific time frame (in practice, one day or 10 days, as the trading positions involved are meant to be unwound within several days). A measurement of the magnitude of an asset’s price fluctuation and thus a measurement of its risk. Volatility corresponds to the standard deviation of the asset’s immediate returns over a given period.

Value at risk (VaR)

Volatility

Very small enterprises

VSE

Wrong Way Risk

WWR

8

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Natixis Registration Document 2017