FINANCIAL REPORT 2015

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

31.12.2014 Restated (1)

31.12.2015

(in thousands of euros)

Total market value

Total market value

Exchange-traded

Over-the-counter

> 5 years

> 5 years

≤ 1 year > 1 year ≤ 5 years

≤ 1 year > 1 year ≤ 5 years

INTEREST RATE INSTRUMENTS : . Interest rate swaps

0

0

0 1 300 1 300

430 430

2 424 2 424

4 154 4 154

3 349 3 349

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

0

0

0

0

0

0

0

0

0

0

0

7 7

0

0

7 7

0

SUBTOTAL

0

0

0 1 307

430 2 424 4 161

3 349

. Forward currency transactions

328 392 472 728

327 536

856

TOTAL

0

0

0 328 843 1 286 2 424 332 553 476 077

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

2.5.2.2. Derivative instruments : total commitments

31.12.2014 Restated (1)

(in thousands of euros)

31.12.2015

INTEREST RATE INSTRUMENTS : - Interest rate swaps

25 749 781 25 749 781

4 320 854 4 320 854

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

0

0

0

0

SUBTOTAL

25 749 781 84 553 336 110 303 117

4 320 854 84 635 516 88 956 370

- Forward currency transactions

TOTAL

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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

31.12.2015

(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

10 870 877

2 120 670

6 678 181

5 188 798

24 858 526

5 581 639

5 240

5 586 879

TOTAL

16 452 516

2 125 910

6 678 181

5 188 798

0 30 445 405

IMPAIRMENT NET CARRYING AMOUNT

30 445 405

22