NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

GUARANTEE COMMITMENTS RECONCILIATION TABLE R

Guarantee commitments at 31/12/2018

Commitments impaired after their origination/acquisition (S3 bucket)

Unimpaired commitments for which expected credit losses are measured on a lifetime basis (S2 bucket)

Unimpaired commitments for which expected credit losses are measured over 12 months (S1 bucket)

Commitments impaired on origination/acquisition

TOTAL

Gross exposure

Provisions for losses

Gross exposure

Provisions for losses

Gross exposure

Provisions for losses

Gross exposure

Provisions for losses

Gross exposure

Provisions for losses

(in millions of euros)

BALANCE AT 01/01/2018

16,314

(2)

10,303

(20)

103

(17)

15

(1)

26,735

(40)

New HB commitments originated or purchased

7,895

(2)

632

(3)

0

0

8,528

(4)

Variations linked to changes in credit risk parameters (excluding transfers)

1,519

3

(763)

8

(38)

(4)

(0)

(0)

718

7

Transfers of guarantee commitments

1,233

(2)

(1,236)

2

8

0

5

0

Transfers to S1 (a)

1,527

(2)

(1,523)

2

0

0

4

0

Transfers to S2

(294)

0

294

(0)

2

0

2

0

Transfers to S3

(0)

0

(7)

0

7

0

0

0

Transfer to non-current assets held for sale (c)

(11)

0

0

0

0

0

(11)

0

Fully sold, called or matured commitments

(3,136)

0

(4,187)

3

(0)

1

(10)

0

(7,333)

4

Variations linked to changes in exchange rates

855

(0)

197

(0)

1

(0)

0

0

1,053

(0)

Changes in the model used

0

0

-

0

Other changes

0

0

0

0

0

0

-

-

0

0

BALANCE AT 31/12/2018 (B) (34) Including the transfer from Stage 2 to Stage 1, due to the improvement over the period of the ratings of the economic sectors to which the (a) transferred amounts are related. Gross carrying amount excluding insurance company contributions, in the amount of €939 million at December 31, 2018. (b) Corresponds to the SFS business lines recognized in non-current assets held for sale as at December 31, 2018 (see Notes 3.6 and 6.9). (c) 24,669 (3) 4,947 (10) 74 (20) 5 (1) 29,695

Financing commitments 14.2 The following financing commitments fall within the scope of IFRS 9 commitments qualified as financial liabilities at fair value a through profit or loss if the entity that grants them has a practice of reselling or securitizing loans immediately after they are issued; commitments which are settled net (i.e. sold); a commitments which result in a loan granted at below-market a interest rates. Other financing commitments falling within the scope of IAS 37

A financing commitment given is a contingent liability, defined by IAS 37 as: a potential obligation arising from past events whose existence a will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity; or a present obligation arising as a result of past events but not a recognized because: it is not likely that an outflow of economic benefits will be j required to settle the obligation, or the amount of the obligation cannot be measured with j sufficient reliability.

31/12/2018

01/01/2018

(in millions of euros)

Financing commitments given To banks

5,805

2,217

To customers

44,227

55,275

Documentary credits

3,238

2,771

Other confirmed lines of credit

40,450

47,383

Other commitments

539

5,121

TOTAL FINANCING COMMITMENTS GIVEN

50,032

57,492

Financing commitments received from banks a

7,333

4,220

from customers a

88

29

TOTAL FINANCING COMMITMENTS RECEIVED

7,421

4,249

374

Natixis Registration Document 2018