FINANCIAL REPORT 2014

2.5.2.1.4. Derivative instruments held for trading – fair value of liabilities

31.12.2014

31.12.2013

Total market value

Total market value

Exchange-traded

Over-the-counter

(in thousands of euros)

> 5 years

> 5 years

≤ 1 year > 1 year ≤ 5 years

≤ 1 year > 1 year ≤ 5 years

INTEREST RATE INSTRUMENTS: . Interest rate swaps

2 032 2 032

0

0

0 3 349 3 349

0

0 3 349 3 349

CURRENCY AND GOLD: . Currency options OTHER: . Credit derivatives

13 13

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

SUBTOTAL

0

0

0 3 349

0

0 3 349 2 045

. Forward currency transactions

472 728 253 852

466 408 6 320

TOTAL

0

0

0 469 757 6 320

0 476 077 255 897

2.5.2.2. Derivative instruments: total commitments

(in thousands of euros)

31.12.2014

31.12.2013

INTEREST RATE INSTRUMENTS: - Interest rate swaps

4 320 854 4 320 854

3 165 191 3 165 191 120 362 120 362

CURRENCY AND GOLD: - Currency options OTHER: - Credit derivatives

0

0

0

SUBTOTAL

4 320 854 84 635 516 88 956 370

3 285 553

- Forward currency transactions

47 948 973

TOTAL

51 234 526

2.5.2.3. Foreign exchange risk Foreign exchange is the risk of a change of value of a financial instrument due to a change in a currency’s value.

2.5.2.4. Liquidity and financing risk Liquidity and financing risk is the risk of loss if the company is unable to meet its financial commitments in timely fashion and at reasonable prices when they reach maturity. These commitments include obligations to depositors and suppliers, as well as commitments in respect of loans and investments.

2.5.2.4.1. Loans and receivables to credit institutions and customers by remaining maturity

31.12.2014

(in thousands of euros)

> 3 months up to ≤ 1 year

> 1 year up to ≤ 5 years

> 5 years Unspecified

Total

≤ 3 months

Loans and receivables to credit institutions Loans and receivables to customers

11 957 867

2 966 937

7 956 287 2 232 486

25 113 577

2 954 726

0

159

0

103 2 954 989

TOTAL

14 912 593

2 966 937

7 956 446 2 232 486

103 28 068 566

IMPAIRMENT NET CARRYING AMOUNT

28 068 566

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