NATIXIS -2020 Universal Registration Document
RISK FACTORS, RISK MANAGEMENT AND PILLAR III Risk management
The diversification strategy is rolled out Group-wide. The strategy aims to extend the Group’s financing sources by geographic zone, currency, product and counterparty, to limit its stock market footprint while restricting the so-called “market” liquidity needs of consumer business lines. As for Natixis, implementingthis strategy will notably involve structured issues made via private placement, as well as deposit taking via corporate bonds in Europe, Asia and the US. The following charts are established for informationpurposes on the basis of management data at year-end.
Funding principles and structure (Data certified by the Statutory Auditors in accordance with IFRS 7) Funding strategy Natixis’ fundingstructure relies on a Joint RefinancingPool sharedby Natixis and BPCE. Placed under the authority of the Group ALM Committee, this platform was implemented in order to secure the Group’s financing and optimize the management and allocation of liquiditywithin the Group in accordancewith predefinedrules, with the aim of limiting the use of market financing and reducing fundicnogsts.
Funding structure for 2020
By main counterparty category
By currency
3
5 % 3 %
5 % 4 %
5 % 4 %
5 % 3 %
4 % 3 %
5 % 3 %
5 % 3 %
4 % 3 %
5 % 3 %
5 % 3 %
5 % 3 %
5 % 3 %
5 % 4 %
12 % 12 % 11 %
11 % 10 % 11 %
13 % 7 % 9 %
12 % 6 % 9 %
13 % 8 % 11 %
15 % 7 % 10 %
12 % 11 % 9 %
13 % 10 % 9 %
15 %
14 %
14 % 7 % 9 %
13 % 6 % 10 %
12 % 8 % 9 %
9 % 8 %
9 % 8 %
38 %
38 %
36 %
36 %
37 %
36 %
36 %
42 %
45 %
44 %
48 %
47 %
48 %
19 %
18 %
17 %
18 %
19 %
20 %
22 %
20 %
19 %
18 %
19 %
22 %
24 %
30 %
37 %
39 %
40 %
40 %
41 %
35 %
33 %
33 %
57 %
55 %
56 %
26 %
28 %
31 %
32 %
54 %
54 %
55 %
56 %
50 %
48 %
48 %
45 %
43 %
45 %
6 % 11 %
7 % 9 %
5 % 10 %
5 % 9 %
8 % 7 %
5 % 9 %
6 % 9 %
6 % 8 %
7 % 7 %
5 % 8 %
6 % 7 %
5 % 7 %
5 % 7 %
Jul-20
Jul-20
Dec-19
Dec-19
Apr-20
Apr-20
Oct-20
Oct-20
Feb-20
Feb-20
Sep-20
Sep-20
Dec-20
Dec-20
Jun-20
Jun-20
Jan-20
Jan-20
Aug-20
Aug-20
Mar-20
Mar-20
Nov-20
Nov-20
May-20
May-20
Others clients Central banks
Groupe BPCE Financial clients
Asset Management Non-financial clients
EUR USD
GBP Other currencies
Sovereigns
Institutions
By maturity
By platform
4 %
4 %
5 %
7 %
6 %
6 %
6 %
6 %
7 % 15 %
6 % 13 %
7 %
5 %
7 %
7 % 13 %
6 % 15 %
8 % 16 %
8 % 14 %
7 % 15 %
8 % 14 %
11 %
11 %
12 % 11 %
12 % 12 %
11 %
13 %
16 %
19 %
16 %
18 %
16 %
21 %
17 %
21 %
23 %
14 %
14 %
26 %
16 %
26 %
26 %
15 %
15 %
37 %
41 %
37 %
39 %
37 %
41 %
39 %
38 %
36 %
37 %
39 %
39 %
37 %
77 %
76 %
81 %
76 %
79 %
77 %
78 %
73 %
73 %
71 %
67 %
68 %
68 %
42 %
37 %
36 %
41 %
39 %
41 %
38 %
39 %
32 %
32 %
36 %
36 %
38 %
Jul-20
Jul-20
Dec-19
Dec-19
Apr-20
Apr-20
Oct-20
Oct-20
Feb-20
Feb-20
Sep-20
Sep-20
Dec-20
Dec-20
Jun-20
Jun-20
Jan-20
Jan-20
Aug-20
Aug-20
Mar-20
Mar-20
Nov-20
Nov-20
May-20
May-20
Beyond twelve months Between two and twelve months
Up to one month Without maturity
EMEA US
APAC
155
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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