NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
Commitments Note 13
Guarantee commitments 13.1 A financial guarantee is a contract that requires the issuer to compensatethe holder of the contract for any loss that the holder incurs because a debtor fails to make payment when due. The exercise of thesreights is subject to theoccurrence of an uncertain future event. The amounts shown represent the nominal value of the commitment undertaken:
(in millions of euros)
31/12/2019
31/12/2020
Guarantee commitments given To banks Confirmation of documentary credits
6,952 1,317 5,635
8,447 1,851 6,595
Other guarantees
To customers
17,008
17,779
Real estate guarantees
135 210 669
205 292
Administrative and tax bonds
Other bonds and endorsements given
1,728
Other guarantees
15,994 23,960 12,043
15,554 26,226 12,229
TOTAL GUARANTEE COMMITMENTS GIVEN Guarantee commitments received from banks
The capital and/or performance guarantees given by Natixis to certain UCITS are recognizedas derivativesand are measuredat fair value in accordance with the provisions of IFRS 13.
Specific case of guarantees issued to mutual funds
5
Natixis guarantees the capital and/or returns on units in certain mutual funds. These guaranteesare executedsolely in the event that the net asset value of each of the units in the fund at maturity is lower than the guaranteed net asset value.
381
www.natixis.com
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
Made with FlippingBook Publishing Software