CA Indosuez (Switzerland) SA - 2018 Annual Report

77

2018 annual financial statements

Information on off-balance sheet transactions

5.28. Contingent assets and liabilities

(in thousands of CHF)

31.12.2018

31.12.2017

Guarantees to secure credits and similar

2,971,192

3,020,083

Performance guarantees and similar

1,113,551

1,153,395

Irrevocable commitments arising from documentary letters of credit

96,411

28,433

Total contingent liabilities

4,181,154

4,201,911

5.29. Commitment credits

(in thousands of CHF)

31.12.2018

31.12.2017

Commitments arising from deferred payments

430,459

893,365

Commitments arising from acceptances (for liabilities arising from outstanding acceptances)

-

77

Total commitment credits

430,459

893,442

5.30. Fiduciary transactions

(in thousands of CHF)

31.12.2018

31.12.2017

Fiduciary investments with third-party companies

74,113

315,885

Fiduciary investments with Group companies and related companies

3,314,343

2,688,640

Fiduciary loans

1,692

1,679

Total fiduciary transactions

3,390,148

3,006,204

5.31. Managed assets Breakdown of managed assets (in millions of CHF) Type of managed assets Assets under discretionary management Other managed assets

31.12.2018

31.12.2017

2,377 36,775

2,932 39,320

Total managed assets (including double-counting)

39,152

42,252

of which double-counted items

-

-

Overview of change in managed assets (in millions of CHF) Total initial managed assets (including double-counting)

31.12.2018

31.12.2017

42,252

39,324

Net new inflows

-852

896

Change in price, interest, dividends and change in exchange rate

-2,248

2,032

Other effects

-

-

Total final managed assets (including double-counting)

39,152

42,252

Net new inflows/outflows

-852

896

- Wealth Management business

-1,070

1,265

- ITB business (International Trade & Transaction Banking)

218

-369

Assets under discretionary management include assets for which the Bank has been awarded a discretionary management mandate by clients. Other managed assets include eligible assets for added-value services such as investment advice, fund-specific services or global custody services. These assets include Crédit Agricole group funds and unmanaged third-party funds. The criteria used to determine “more-than-custody-only” other assets are defined by the existing link between the final client and the Bank. As result, the assets held by the Bank as part of its global custodian services provided to other financial institutions are not indicated in the above figures. Net inflows/outflows are the result of several factors. Inflows result from the acquisition of new clients and deposits made by existing clients. On the other side, outflows result from existing clients withdrawing some or all of their assets. New or repaid client loans are included under “Net new inflows/outflows”. However, items relating to the return on assets, such as interest, are excluded from “Net new inflows/outflows”.