2018 Registration document and annual fi nancial report - BNP PARIBAS488

6 INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS 31 DECEMBER 2018

6

Notes to the parent company fi nancial statements

4.b GUARANTEE AND SECURITIES COMMITMENTS

In millions of euros, at 31 December 2018 31 December 2017

Credit institutions 20,155 20,382

Customers 96,343 104,752

GUARANTEE COMMITMENTS GIVEN 116,498 125,134

Credit institutions 81,810 84,349

Customers 130,766 123,067

GUARANTEE COMMITMENTS RECEIVED 212,576 207,416

In millions of euros, at 31 December 2018 31 December 2017

COMMITMENTS GIVEN ON SECURITIES(1) 15,774 14,666

COMMITMENTS RECEIVED ON SECURITIES(1) 27,677 19,366

(1) Transactions on trading securities are now recognised between the trading date and the settlement date under securities commitments. The comparable net balances at 31 December 2017 would have been, respectively, EUR 15,840 million for commitments given on securities and EUR 21,472 million for commitments received on securities.

4.c FINANCIAL INSTRUMENTS GIVEN OR RECEIVED AS COLLATERAL

In millions of euros, at 31 December 2018 31 December 2017

Financial instruments (negotiable securities and private receivables) deposited with central banks and eligible for use at any time as collateral for refi nancing transactions after haircut 50,821 48,278

■ Used as collateral with central banks 19,000 19,000

■ Available for refi nancing transactions 31,821 29,278

Financial assets pledged as collateral for transactions with credit institutions, fi nancial customers or subscribers of covered bonds issued by the Group 58,950 60,206

At 31 December 2018, the Bank had EUR 50,821 million of fi nancial instruments (negotiable securities and private receivables) deposited or pledged with central banks for use at any time as collateral for refi nancing transactions (vs. EUR 48,278 million at 31 December 2017). This amount includes EUR 36,994 million deposited with the Banque de France (vs. EUR 37,923 million at 31 December 2017) under the Banque de France s comprehensive collateral management system to cover Eurosystem

monetary policy transactions and intraday loans. At 31 December 2018 the Bank had EUR 19,000 million of collateral deposited with central banks (unchanged from 31 December 2017).

The other assets that the Bank has pledged as collateral with credit institutions and fi nancial customers totalled EUR 33,751 million at 31 December 2018 (vs. EUR 34,897 million at 31 December 2017), included in particular fi nancing for BNP Paribas Home Loan SFH.

➤ FINANCIAL INSTRUMENTS RECEIVED AS COLLATERAL

In millions of euros, at 31 December 2018 31 December 2017

Financial instruments received as collateral (excluding repurchase agreements) 34,354 28,810

➤ FINANCIAL INSTRUMENTS GIVEN AS COLLATERAL