Universal registration document and annual financial report 2019

426 2019 Universal registration document and annual financial report - BNP PARIBAS

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 94: 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 95: CONTRACTUAL MATURITIES OF CAPITAL INSTRUMENTS AND MEDIUM- AND LONG-TERM DEBT SECURITIES IN THE PRUDENTIAL SCOPE (EU TLAC2)

In millions of euros

TOTAL 31 December

2019 2020 2021 2022 2023 2024 2025- 2029

Beyond 2029 Perpetual

Amount(*) of liabilities eligible to Additionnal Tier 1 9,535 - - - - - - - 9,535

Subordinated debt 773 - - - - - - - 773

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

of which subordinated debt at fair value through profit and loss 773 - - - - - - - 773

Preferred shares and Undated Super Subordinated Notes 8,762 - - - - - - - 8,762

Amount(*) of debt eligible to Tier 2 18,274 342 19 440 5 918 12,172 4,379 -

Subordinated debt 18,274 342 19 440 5 918 12,172 4,379 -

of which subordinated debt at amortised cost 18,154 274 8 423 5 918 12,172 4,354 -

of which subordinated debt at fair value through profit and loss 121 68 11 17 - - - 25 -

Amount(*) of debt not eligible to prudential own funds 165 28 14 16 17 19 70 - -

Unsecured Senior debt 129,494 24,054 11,999 18,286 17,950 11,963 37,628 7,614 -

Non-preferred senior debt 41,028 740 117 2,942 5,921 5,826 23,319 2,163 -

of which non preferred senior debt at amortised cost 40,263 739 117 2,942 5,921 5,826 23,318 1,400 -

of which non preferred senior debt at fair value through profit and loss 765 1 - - - - 1 763 -

Preferred senior debt 88,466 23,314 11,882 15,344 12,029 6,137 14,309 5,451 -

of which preferred senior debt at amortised cost 34,258 10,471 4,205 7,376 6,446 1,628 3,804 328 -

of which preferred senior debt at fair value through profit and loss 54,208 12,843 7,677 7,968 5,583 4,509 10,505 5,123 -

Secured Senior debt (at amortised cost) 25,238 4,807 7,115 2,943 2,498 2,089 3,053 2,733 -

(*) 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 prejudice the Group s call policy.