2012 Registration document and annual financial report - BNP Paribas

5RISKSAND CAPITAL ADEQUACYLiquidity and funding riskThe table below shows trends in the liquidity reserve.➤ TABLE 52: LIQUIDITY RESERVEIn billions of euros 31 December 2012 31 December 2011Eligible assets 189 203Utilisations 68 98-o/w monetary policy 42 49-o/w repos 22 44-o/w other 4 5Available eligible assets 121 105Central bank deposits 100 55-o/w mandatory reserves 9 12TOTAL LIQUIDITY RESERVE 221 160The increase in available eligible securities in 2012 excluding centralbank deposits is due to rationalised use of eligible assets. The Bank alsosignificantly increased its central bank deposits during the year. TheGroup’s liquidity surpluses have been allocated to this type of investmentpending clarification on what are considered to be liquid assets for thepurpose of the regulatory liquidity ratios.REGULATORY LIQUIDITY RATIOSThe 1-month liquidity ratio is calculated monthly for the parent companyBNP Paribas SA (French operations and branches).The average 1-month regulatory liquidity ratio for BNP Paribas SA (parentcompany and branches) was 163% in 2012 compared with a minimumrequirement of 100%.5INTERNAL LIQUIDITY PR ICINGAll of the Group’s assets and liabilities are subject to internal liquiditypricing, the principles of which are decided by the Group ALM Committeeand aim to take account of trends in the cost of market liquidity and thebalance between assets and liabilities.3082012 Registration document and annual financial report - BNP PARIBAS