2018 Registration document and annual fi nancial report - BNP PARIBAS424

5 RISKS AND CAPITAL ADEQUACY PILLAR 3

5

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 fi nancial 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 91: Contractual maturities of the prudential balance sheet across the scope of the Group s debt and other medium and long-term liabilities, without taking into account early redemption options.

➤ TABLE 92 : CONTRACTUAL MATURITIES OF MEDIUM- AND LONG- TERM DEBT (PRUDENTIAL PERIMETER) [Audited]

In millions of euros

TOTAL 31 December

2018 2019 2020 2021 2022 2023 2024- 2028

Beyond 2028 Perpetual

Amount(*) of liabilities eligible to Additionnal Tier 1 8,982 8,982

Subordinated debt 669 669

of which subordinated debt at amortis ed cost - -

of which subordinated debt at fair value through profi t and loss 669 669

Preferred shares and Undated Super Subordinated Notes 8,313 8,313

Amount(*) of debt eligible to Tier 2 15,830 111 88 18 466 5 12,389 2,753

Subordinated debt 15,830 111 88 18 466 5 12,389 2,753

of which subordinated debt at amortised cost 15,714 111 22 8 447 5 12,389 2,732

of which subordinated debt at fair value through profi t and loss 116 - 66 10 19 - - 21

Amount(*) of debt not eligible to prudential own funds 254 128 28 14 18 20 46 -

Unsecured Senior debt 111,967 18,740 16,314 11,985 13,528 17,518 28,714 5,168

Non preferred s enior debt (at amortis ed cost) 23,586 114 - - 2,688 5,873 14,296 614

P referred s enior debt 88,381 18,626 16,314 11,985 10,839 11,645 14,418 4,554

of which preferred s enior debt at fair value through profi l and loss 50,334 10,256 9,738 6,817 4,836 5,113 9,394 4,181

of which preferred s enior debt at amortis ed cost 38,047 8,370 6,576 5,169 6,004 6,532 5,024 373

Secured Senior debt (at amortis ed cost) 22,995 2,422 4,171 5,540 968 3,403 4,474 2,016

(*) Gross accounting value before any prudential adjustments.

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 subject to prior authorisation from the regulator. The maturity dates shown hereafter are purely conventional and do not prejudice the Group s call policy.