2020 Universal registration document and annual financial report - BNP PARIBAS238
4 Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
➤ SECURITISATION TRANSACTIONS PARTIALLY REFINANCED BY EXTERNAL INVESTORS, WHOSE RECOURSE IS LIMITED TO THE TRANSFERRED ASSETS
In millions of euros, at 31 December 2020
Carrying amount of transferred
assets
Carrying amount of associated
liabilities
Fair value of transferred
assets
Fair value of associated
liabilities Net position
Securitisation
Financial assets at amortised cost 18,718 17,715 18,980 17,721 1,258
TOTAL 18,718 17,715 18,980 17,721 1,258
In millions of euros, at 31 December 2019 Carrying amount of transferred assets
Carrying amount of associated
liabilities Fair value of
transferred assets
Fair value of associated
liabilities Net position
Securitisation
Financial instruments at fair value through profit or loss 28 28 28 28 -
Financial assets at amortised cost 19,674 17,431 19,035 17,471 1,564
Financial assets at fair value through equity
18 18 17 17 -
TOTAL 19,720 17,477 19,080 17,516 1,564
There have been no significant transfers leading to partial or full derecognition of the financial assets in which the Bank has a continuing involvement.
4.r TRANSFERS OF FINANCIAL ASSETS Financial assets that have been transferred but not derecognised by the Group are mainly composed of securities sold temporarily under repurchase agreements or securities lending transactions, as well as securitised assets. The liabilities associated to securities temporarily sold under repurchase agreements consist of debts recognised under the repurchase agreements heading. The liabilities associated to securitised assets consist of the securitisation notes purchased by third parties.
➤ SECURITIES LENDING, REPURCHASE AGREEMENTS AND OTHER TRANSACTIONS
In millions of euros, at
31 December 2020 31 December 2019
Carrying amount of transferred
assets
Carrying amount of associated
liabilities
Carrying amount of transferred
assets
Carrying amount of associated
liabilities
Securities lending operations
Financial instruments at fair value through profit or loss 5,890 13,358
Financial assets at amortised cost 2,517 1,408
Financial assets at fair value through equity 434 320
Repurchase agreements
Financial instruments at fair value through profit or loss 39,105 39,104 33,203 33,148
Financial assets at amortised cost 5,500 5,167 3,664 3,621
Financial assets at fair value through equity 1,117 1,086 988 984
Financial investments of insurance activities 6,872 6,842 5,844 5,921
TOTAL 61,435 52,199 58,785 43,674
