FINANCIAL REPORT 2016

Offsetting effects on financial assets covered by master netting agreement and similar agreements

31.12.2015

Other amounts that can be offset under given conditions

Type of financial instrument

Amounts of other financial instruments received as collateral, including

Gross amounts of recognised financial liabilities set off in the financial statements

Gross amounts of financial liabilities covered by master netting agreement

Gross amounts of recognised financial assets before offsetting

Net amounts of financial assets presented in the financial statements

Net amount after all offsetting effects

(in thousands of euros)

security deposit

Derivatives

357222

357222

249655

67357

40210

Reverse repurchase agreements

7844183

7844183

1433348

6410835

Securities lent

2340635

2340635

2340635

TOTAL FINANCIAL ASSETS SUBJECT TO OFFSETTING

10542040

0 10542040

249655

1500705

8791680

Offsetting - Financial Liabilities

Offsetting effects on financial assets covered by master netting agreement and similar agreements

31.12.2016

Other amounts that can be offset under given conditions

Type of financial instrument

Amounts of other financial instruments given as guarantee, including

Gross amounts of recognised financial assets set off in the financial statements

Gross amounts of financial assets covered by master netting agreement

Gross amounts of recognised financial liabilities before offsetting

Net amounts of financial liabilities presented in the financial statements

Net amount after all offsetting effects

(in thousands of euros)

security deposits

Derivatives

647334

647334

361387

9059

276888

Repurchase agreements

6026702

6026702

6026702

Securities lent

60847

60847

60847

TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

6734883

0

6734883

361387

6035761

337735

34