NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
Financing commitments 13.2 The following financing commitments fall within the scoopfeIFRS 9: commitments qualified as financial liabilities at fair value through V profit or loss if the entity that grants them has a practice of reselling or securitizing loans immediately after they ariessued; commitments which are settled net (i.e. sold); V commitments which result in a loan granted at below-market V 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 eventswhose existencewill V be confirmed only by the occurrence or non-occurrenceof 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 V recognized because: it is not likely that an outflow of economic benefits will be V required to settle the obligation, or the amount of the obligation cannot be measuredwith sufficient V reliability.
(in millions of euros)
31/12/2019
31/12/2020
Financing commitments given To banks
7,142
2,533
To customers
51,887
49,668
2,026
4,171
Opening of documentary credits V Other confirmed lines of credit V
49,219
45,005
Other commitments V
642
492
TOTAL FINANCING COMMITMENTS GIVEN
59,029
52,201
Financing commitments received Banks V
5
12,070
5,530
Customers V
8
116
TOTAL FINANCING COMMITMENTS RECEIVED
12,078
5,646
383
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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