2018 Registration document and annual fi nancial report - BNP PARIBAS492
6 INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS 31 DECEMBER 2018
6
Notes to the parent company fi nancial statements
6.c NOTIONAL AMOUNTS OF FORWARD FINANCIAL INSTRUMENTS The notional amounts of derivative instruments are merely an indication of the volume of BNP Paribas SA s activities in fi nancial instrument markets, and do not refl ect the market risks associated with such instruments.
Trading portfolio
In millions of euros, at 31 December 2018 31 December 2017
Currency derivatives 5,020,965 4,905,163
Interest rate derivatives 17,235,390 16,612,410
Equity Derivatives 1,290,807 1,203,087
Credit Derivatives 879,064 853,283
Other derivatives 225,733 177,276
FORWARD FINANCIAL INSTRUMENTS IN THE TRADING PORTFOLIO 24,651,959 23,751,221
Financial instruments traded on organised markets or admitted to clearing houses accounted for 44% of the Bank s derivatives transactions at 31 December 2018 (vs. 45% at 31 December 2017).
Hedging strategy:
The total notional amount of derivative fi nancial instruments used for hedging purposes stood at EUR 686,468 million at 31 December 2018, compared with EUR 720,597 million at 31 December 2017. 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 9,749 million at 31 December 2018, compared with a positive net position of EUR 13,766 million at 31 December 2017. The market value of the Bank s net long position on conditional transactions was valued at EUR 3,467 million at 31 December 2018, compared with a net short position of EUR 4,903 million at 31 December 2017.
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 and leasing
transactions Total by region
31 December 2018
31 December 2017
31 December 2018
31 December 2017
31 December 2018
31 December 2017
France 394,245 356,574 236,620 220,662 630,865 577,236
Other countries in the European Economic Area 69,580 59,899 80,855 71,435 150,435 131,334
Americas and Asia 81,392 82,823 128,408 138,415 209,800 221,238
Other countries 1,439 1,614 4,279 3,502 5,718 5,116
TOTAL USES OF FUNDS 546,656 500,910 450,162 434,014 996,818 934,924
France 195,131 187,727 263,619 242,984 458,750 430,711
Other countries in the European Economic Area 25,136 16,732 123,378 115,773 148,514 132,505
Americas and Asia 28,907 26,488 173,658 184,333 202,565 210,821
Other countries 1,180 826 6,572 4,007 7,752 4,833
TOTAL SOURCES OF FUNDS 250,354 231,773 567,227 547,097 817,581 778,870
84% of BNP Paribas SA s revenues in 2018 came from counterparties in the European Economic Area (81% in 2017).
