FINANCIAL REPORT 2017

Offsetting - Financial Liabilities

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

31.12.2017

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

security deposit

(in thousands of euros)

Derivatives

408874

408874

237274

24652

146948

Repurchase agreements

3522549

3522549

3522549

Securities lent TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

3931423

0

3931423

237274

3547201

146948

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 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

security deposit

(in thousands of euros)

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

35