Universal registration document and annual financial report 2020

2020 Universal registration document and annual financial report - BNP PARIBAS454

5 risks and CaPital adequaCy Pillar 3

Liquidity risk

For the management of liquidity risk, the above schedule is supplemented with economic analyses taking into consideration customer behaviour and the market liquidity of certain assets (such as securities), under normal conditions and stress situations.

To this effect, the Group uses a set of tools to anticipate and manage its financial liquidity, in particular as previously indicated:

■ medium to long-term liquidity status;

■ stress tests and liquidity reserve;

■ monitoring compliance with regulatory liquidity ratios.

The following table shows details of Table 98: Contractual maturities of the prudential balance sheet across the scope of the Group s capital instruments and medium- and long-term debt securities, without taking into account early redemption options.

➤ TABLE 99: CONTRACTUAL MATURITIES OF CAPITAL INSTRUMENTS AND MEDIUM- AND LONG-TERM DEBT SECURITIES IN THE PRUDENTIAL SCOPE

In millions of euros

TOTAL 31 December

2020 2021 2022 2023 2024 2025 2026- 2030

Beyond 2030 Perpetual

Amount(*) of liabilities eligible to Additional Tier 1 10,819 - - - - - - - 10,819

Subordinated debt 798 - - - - - - - 798

of which subordinated debt at amortised cost - - - - - - - - -

of which subordinated debt at fair value through profit and loss 798 - - - - - - - 798

Preferred shares and Undated Super Subordinated Notes 10,021 - - - - - - - 10,021

Amount(*) of debt eligible to Tier 2 20,647 292 426 5 858 2,769 9,706 6,592 -

Subordinated debt 20,647 292 426 5 858 2,769 9,706 6,592 -

of which subordinated debt at amortised cost 20,594 280 410 5 858 2,769 9,706 6,567 -

of which subordinated debt at fair value through profit and loss 53 12 16 - - - - 25 -

Amount(*) of debt not eligible to prudential own funds 114 14 16 17 19 21 27 - -

Unsecured Senior debt 137,024 24,707 15,267 20,841 12,055 15,190 37,298 11,666 -

Non-preferred senior debt 54,938 394 2,807 5,809 5,744 10,001 23,620 6,563 -

of which non-preferred senior debt at amortised cost 52,201 393 2,807 5,809 5,744 10,001 23,618 3,829 -

of which non-preferred senior debt at fair value through profit and loss 2,737 1 - - - - 2 2,734 -

Preferred senior debt 82,086 24,313 12,460 15,032 6,311 5,189 13,678 5,103 -

of which preferred senior debt at amortised cost 29,215 10,096 5,145 7,957 1,774 650 3,255 338 -

of which preferred senior debt at fair value through profit and loss 52,871 14,217 7,315 7,075 4,537 4,539 10,423 4,765 -

Secured Senior debt (at amortised cost) 20,606 6,744 3,850 2,230 2,185 1,901 1,062 2,634 -

(*) Accounting value before any prudential adjustments.

Tables providing details of instruments recognised as capital (CET1, AT1 and Tier 2), as well as debt instruments eligible for TLAC ratio (senior non-preferred debt), as required (EU CCA) by implementing Regulation (EU) No. 1423/2013, are available in the BNP Paribas Debt section of the Investor Relations website: https://invest.bnpparibas.com/en/debts/tier-1- hybrids-subordinated-debt/capital-instruments-main-features-template.

Some debt instruments shown above have an early redemption ( call ) option exercisable by the Group (Issuer). The following table shows the maturity schedule for debt and other subordinated liabilities by considering, where appropriate, the next date on which the option may be exercised ( call date ). Calls may only be exercised after authorisation from the regulator. The maturity dates shown hereafter are purely conventional and do not foresee the Group s call policy.