2020 Universal registration document and annual financial report - BNP PARIBAS520
6 information on the Parent ComPany finanCial statements at 31 deCemBer 2020
6
Notes to the parent company financial statements
6.c NOTIONAL AMOUNTS OF FINANCIAL INSTRUMENTS The notional amounts of derivative instruments are merely an indication of the volume of BNP Paribas SA s activities in financial instrument markets, and do not reflect the market risks associated with such instruments.
Trading portfolio
In millions of euros, at 31 December 2020 31 December 2019
Currency derivatives 5,736,267 5,204,615
Interest rate derivatives 15,894,798 16,009,284
Equity derivatives 949,023 1,202,896
Credit derivatives 949,217 952,428
Other derivatives 123,675 211,034
FORWARD FINANCIAL INSTRUMENTS IN THE TRADING PORTFOLIO 23,652,980 23,580,257
Financial instruments traded on organised markets or admitted to clearing houses accounted for 45% of the Bank s derivatives transactions at 31 December 2020 (compared with 43% at 31 December 2019).
Hedging strategy
The total notional amount of derivative financial instruments used for hedging purposes stood at EUR 750,419 million at 31 December 2020, compared with EUR 727,769 million at 31 December 2019.
Derivatives used for hedging purposes are primarily contracted on over- the-counter markets.
Market value
The market value of the Bank s positive net position on outright transactions was EUR 10,052 million at 31 December 2020, compared with a positive net position of EUR 16,096 million at 31 December 2019. The market value of the Bank s net short position on conditional transactions was valued at EUR 846 million at 31 December 2020, compared with a net long position of EUR 2,845 million at 31 December 2019.
6.d SEGMENT INFORMATION The following table gives a regional breakdown of BNP Paribas SA s interbank transactions and customer transactions recognised on the balance sheet:
In millions of euros, at
Interbank transactions Customer items Total by region
31 December 2020
31 December 2019
31 December 2020
31 December 2019
31 December 2020
31 December 2019
France 421,940 409,850 331,260 275,270 753,200 685,120
Other countries in the European Economic Area 80,166 69,276 78,078 83,244 158,244 152,520
Americas and Asia 63,691 79,936 138,281 131,804 201,972 211,740
Other countries 1,437 1,754 4,136 5,616 5,573 7,370
TOTAL USES OF FUNDS 567,234 560,816 551,755 495,934 1,118,989 1,056,750
France 242,801 205,874 322,285 270,845 565,086 476,719
Other countries in the European Economic Area 35,504 42,882 124,776 112,015 160,280 154,897
Americas and Asia 27,100 24,424 247,701 198,058 274,801 222,482
Other countries 1,144 1,381 5,928 6,226 7,072 7,607
TOTAL SOURCES OF FUNDS 306,549 274,561 700,690 587,144 1,007,239 861,705
79% of BNP Paribas SA s revenues in 2020 came from counterparties in the European Economic Area (85% in 2019).
