BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017

margin calls in the form of securities (for the fair value of said - securities); for derivatives,the fair values of the reverse transactionswith the ● same counterparty, as well as the margin calls in the form of securities. Margin calls received or paid in cash are shown in “Margin calls received (cashcollateral)” and “Margin calls paid (cash collateral).”

For these instruments, the “Related financial assets and financial instruments received as collateral” and “Related financial liabilities and financial instruments pledged as collateral”include inparticular: for repurchase agreements: ● loans or borrowings resulting from reverse repurchase - agreements with the same counterparty, and securities pledged or received ascollateral (for the fair value of saidsecurities),

5.24.1 Financial assets

Financial assets under netting agreements offset in the balance sheet

12/31/2017

12/31/2016

Net amount of financial assets recognized in the balance sheet

Net amount of financial assets recognized in the balance sheet

Gross amount of financial liabilities offset in the balance sheet

Gross amount of financial liabilities offset in the balance sheet

Gross amount of financial assets

Gross amount of financial assets

in millions of euros

Derivatives (trading and hedging)

74,393 42,969 117,362

17,426

56,967 34,504 91,471

87,394 47,873 135,267

19,705

67,689 40,371

Repurchase agreements

8,465

7,502

Financial assetsdesignated at fairvalue Repurchase agreements (loansand receivables portfolio)

25,891

27,207

108,060

70,869 188,231

6,459

64,410

72,835

12,572 39,779

60,263

TOTAL

32,350

155,881

208,102

168,323

Financial assets under netting agreements not offset in the balance sheet

12/31/2017

12/31/2016

Net amount of financial assets recognized in the balance sheet

Related financial liabilities and financial instruments received as collateral

Related financial liabilities and financial instruments received as collateral

Net amount of financial assets recognized in the balance sheet

Margin calls received (cash collateral)

Margin calls received (cash collateral)

Net exposure

Net exposure

in millions of euros

Derivatives (trading and hedging)

56,967 98,914

31,550 92,622

6,645 18,772

67,689

33,604

8,928 25,157

Repurchase agreements

14

6,278 100,634

84,089

50 16,495

TOTAL

155,881 124,172

6,659 25,050 168,323 117,693

8,978 41,652

298

Registration document 2017