2020 Universal registration document and annual financial report - BNP PARIBAS260
4 Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
7.h OTHER RELATED PARTIES Other related parties of the BNP Paribas Group comprise consolidated companies (including entities consolidated under the equity method) and entities managing post-employment benefit plans offered to Group employees (except for multi-employer and multi-industry schemes).
Transactions between the BNP Paribas Group and related parties are carried out on an arm s length basis.
Relations between consolidated companies
A list of companies consolidated by the BNP Paribas Group is provided in note 7.j Scope of consolidation. Transactions and outstanding balances between fully-consolidated entities are eliminated. The tables below show transactions with entities accounted for under the equity method.
➤ OUTSTANDING BALANCES OF RELATED-PARTY TRANSACTIONS
In millions of euros
31 December 2020 31 December 2019
Joint ventures Associates Joint ventures Associates ASSETS
On demand accounts 1 112 3 139
Loans 3,826 65 4,408 103
Securities 642 732
Other assets 3 93 58 133
Financial investments of insurance activities 4 4
TOTAL 4,472 274 5,201 379
LIABILITIES
On demand accounts 192 518 354 689
Other borrowings 30 1,402 87 1,781
Other liabilities 10 19 6 6
Technical reserves and other insurance liabilities 130 70
TOTAL 232 2,069 447 2,546
FINANCING COMMITMENTS AND GUARANTEE COMMITMENTS
Financing commitments given 43 646 114 651
Guarantee commitments given 2,162 55 2,545 37
TOTAL 2,205 701 2,659 688
The Group also carries out trading transactions with related parties involving derivatives (swaps, options and forwards, etc.) and financial instruments purchased or underwritten and issued by them (equities, bonds, etc.).
