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.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020