2020 Universal registration document and annual financial report - BNP PARIBAS240

4 Consolidated finanCial statements for the year ended 31 deCemBer 2020

4

Notes to the financial statements

5.d OTHER GUARANTEE COMMITMENTS

➤ FINANCIAL INSTRUMENTS GIVEN AS COLLATERAL

In millions of euros 31 December 2020 31 December 2019

Financial instruments (negotiable securities and private receivables) lodged with central banks and eligible for use at any time as collateral for refinancing transactions after haircut 150,370 102,466

Used as collateral with central banks 103,321 32,659

Available for refinancing transactions 47,049 69,807

Securities sold under repurchase agreements 439,642 388,683

Other financial assets pledged as collateral for transactions with credit institutions, financial customers or subscribers of covered bonds issued by the Group(1) 212,169 152,489

(1) Notably including Société de Financement de l Économie Française and Caisse de Refinancement de l Habitat financing.

The fair value of financial instruments given as collateral or transferred under repurchase agreements by the Group that the beneficiary is authorised to sell or reuse as collateral amounted to EUR 579,622 million at 31 December 2020 (EUR 486,464 million at 31 December 2019).

➤ FINANCIAL INSTRUMENTS RECEIVED AS COLLATERAL

In millions of euros 31 December 2020 31 December 2019

Financial instruments received as collateral (excluding repurchase agreements) 234,212 181,696

of which instruments that the Group is authorised to sell and reuse as collateral 119,915 99,061

Securities received under repurchase agreements 408,394 376,752

The fair value of financial instruments received as collateral or under repurchase agreements that the Group effectively sold or reused as collateral amounted to EUR 382,304 million at 31 December 2020 (compared with EUR 307,285 million at 31 December 2019).