2018 Registration document and annual fi nancial report - BNP PARIBAS 235

4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

4

Notes to the fi nancial statements

6.d OTHER GUARANTEE COMMITMENTS

➤ FINANCIAL INSTRUMENTS GIVEN AS COLLATERAL:

In millions of euros 31 December 2018

IFRS 9 & IFRS 15 1 January 2018

IFRS 9 & IFRS 15

Financial instruments (negotiable securities and private receivables) lodged with central banks and eligible for use at any time as collateral for refi nancing transactions after haircut 104,804 102,906

Used as collateral with central banks 35,216 35,457

Available for refi nancing transactions 69,588 67,449

Securities sold under repurchase agreements 314,705 301,764

Other fi nancial assets pledged as collateral for transactions with credit institutions, fi nancial customers or subscribers of covered bonds issued by the Group(1) 124,148 146,322

(1) Notably including Société de Financement de l Économie Française and Caisse de Refi nancement de l Habitat fi nancing.

The fair value of fi nancial instruments given as collateral or transferred under repurchase agreements by the Group that the benefi ciary is authorised to sell or reuse as collateral amounted to EUR 396,876 million at 31 December 2018 (EUR 408,380 million at 1 January 2018).

➤ FINANCIAL INSTRUMENTS RECEIVED AS COLLATERAL:

In millions of euros 31 December 2018

IFRS 9 & IFRS 15 1 January 2018

IFRS 9 & IFRS 15

Financial instruments received as collateral (excluding repurchase agreements) 162,184 128,816

of which instruments that the Group is authorised to sell and reuse as collateral 82,543 102,543

Securities received under repurchase agreements 287,047 286,418

The fair value of fi nancial instruments received as collateral or under repurchase agreements that the Group effectively sold or reused as collateral amounted to EUR 268,973 million at 31 December 2018 (compared with EUR 272,788 million at 1 January 2018).