2019 Universal registration document and annual financial report - BNP PARIBAS492
6 information on the Parent ComPany finanCial statements at 31 deCemBer 2019
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 2019 31 December 2018
Currency derivatives 5,204,615 5,020,965
Interest rate derivatives 16,009,284 17,235,390
Equity Derivatives 1,202,896 1,290,807
Credit Derivatives 952,428 879,064
Other derivatives 211,034 225,733
FORWARD FINANCIAL INSTRUMENTS IN THE TRADING PORTFOLIO 23,580,257 24,651,959
Financial instruments traded on organised markets or admitted to clearing houses accounted for 43% of the Bank s derivatives transactions at 31 December 2019 (compared with 44% at 31 December 2018).
Hedging strategy
The total notional amount of derivative financial instruments used for hedging purposes stood at EUR 727,769 million at 31 December 2019, compared with EUR 686,468 million at 31 December 2018.
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 16,096 million at 31 December 2019, compared with a positive net position of EUR 9,749 million at 31 December 2018. The market value of the Bank s net long position on conditional transactions was valued at EUR 2,845 million at 31 December 2019, compared with a net short position of EUR 3,467 million at 31 December 2018.
6.d SEGMENT INFORMATION The following table gives a regional breakdown of BNP Paribas SA s interbank transactions and customer items recognised on the balance sheet:
In millions of euros at
Interbank transactions Customer items Total by region
31 December 2019
31 December 2018
31 December 2019
31 December 2018
31 December 2019
31 December 2018
France 409,850 394,245 275,270 236,620 685,120 630,865
Other countries in the European Economic Area 69,276 69,580 83,244 80,855 152,520 150,435
Americas and Asia 79,936 81,392 131,804 128,408 211,740 209,800
Other countries 1,754 1,439 5,616 4,279 7,370 5,718
TOTAL USES OF FUNDS 560,816 546,656 495,934 450,162 1,056,750 996,818
France 205,874 195,131 270,845 263,619 476,719 458,750
Other countries in the European Economic Area 42,882 25,136 112,015 123,378 154,897 148,514
Americas and Asia 24,424 28,907 198,058 173,658 222,482 202,565
Other countries 1,381 1,180 6,226 6,572 7,607 7,752
TOTAL SOURCES OF FUNDS 274,561 250,354 587,144 567,227 861,705 817,581
85% of BNP Paribas SA s revenues in 2019 came from counterparties in the European Economic Area (84% in 2018).
