2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements5.r TRANSFERS OF FINANCIAL ASSETSFinancial assets that have been transferred but not derecognised by the Group are mainly composed of securities sold temporarily under repurchaseagreements or securities lending transactions, as well as securitised assets. The liabilities associated to securities temporarily sold under repurchaseagreements consist of debts recognised under the “repurchase agreements” heading. The liabilities associated to securitised assets consist of thesecuritisation notes purchased by third parties.Securities lending and repurchase agreements:In millions of euros, at 31 December 2012SECURITIES LENDING OPERATIONSCarrying amountof transferred assetsSecurities at fair value through profit or loss 3,270REPURCHASE AGREEMENTSCarrying amountof associated liabilitiesSecurities at fair value through profit or loss 52,604 51,915Securities classified as loans and receivables 957 888Available-for-sale financial assets 9,422 9,423TOTAL 66,253 62,2264Securitisation transactions partially refinanced by external investors, whose recourse is limited to the transferred assets:In millions of euros, at 31 December 2012SECURITISATIONCarrying amountof transferredassetsCarrying amountof associatedliabilitiesFair value oftransferred assetsFair value ofassociatedliabilitiesNet positionSecurities at fair value through profit231 217 231 217or loss14Loans and receivables 11,447 8,997 11,487 8,915 2,572Available-for-sale financial assets 283 305 262 283 (21)TOTAL 11,961 9,519 11,980 9,415 2,565There have been no significant transfers leading to partial or full derecognition of the financial assets where the Bank has a continuing involvementin them.1642012 Registration document and annual financial report - BNP PARIBAS