2019 Universal registration document and annual financial report - BNP PARIBAS 225

4Consolidated finanCial statements for the year ended 31 deCemBer 2019

4

Notes to the financial statements

6.d OTHER GUARANTEE COMMITMENTS

➤ FINANCIAL INSTRUMENTS GIVEN AS COLLATERAL

In millions of euros 31 December 2019 31 December 2018

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 102,466 104,804

Used as collateral with central banks 32,659 35,216

Available for refinancing transactions 69,807 69,588

Securities sold under repurchase agreements 388,683 314,705

Other financial assets pledged as collateral for transactions with credit institutions, financial customers or subscribers of covered bonds issued by the Group(1) 152,489 124,148

(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 486,464 million at 31 December 2019 (EUR 396,876 million at 31 December 2018).

➤ FINANCIAL INSTRUMENTS RECEIVED AS COLLATERAL

In millions of euros 31 December 2019 31 December 2018

Financial instruments received as collateral (excluding repurchase agreements) 181,696 162,184

of which instruments that the Group is authorised to sell and reuse as collateral 99,061 82,543

Securities received under repurchase agreements 376,752 287,047

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 307,285 million at 31 December 2019 (compared with EUR 268,973 million at 31 December 2018).