2012 Registration document and annual financial report - BNP Paribas

RISKS AND CAPITAL ADEQUACYInsurance risks5➤ TABLE 55: BNP PARIBAS’S CARDIF BONDS EXPOSURES BY EXTERNAL RATINGSIn millions of eurosGoviesAgencies & suprasovereign31 December 2012FinancialCorporate Covered Other Corporate TotalBy external ratingNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueAAA 2,460 2,964 1,242 1,425 326 335 4,191 4,787 18 22 8,236 9,532AA+ 10,684 12,853 1,838 2,083 5 5 273 279 12 14 12,812 15,233AA 0 0 30 30 0 0 903 981 941 1,112 1,874 2,123AA- 3,074 3,520 7 6 1,736 1,917 51 52 409 480 5,278 5,976A+ 253 298 13 14 1,456 1,580 51 57 1,876 2,134 3,649 4,082A 163 179 174 194 11,542 12,171 374 403 983 1,105 13,235 14,052A- 539 613 0 0 1,559 1,710 375 382 1,319 1,507 3,792 4,212BBB+ 0 0 21 22 1,119 1,185 15 14 1,499 1,659 2,655 2,880BBB 4,497 4,791 90 89 1,521 1,481 885 807 1,252 1,343 8,245 8,512BBB- 1,063 1,045 85 85 1,677 1,653 126 118 215 235 3,166 3,135BB+ 429 443 0 0 197 209 0 0 127 132 753 784BB 0 0 0 0 379 405 0 0 0 0 379 405BB- 751 650 68 69 19 13 0 0 95 74 932 806B+ 0 0 0 0 7 6 0 0 0 0 7 6CCC 0 0 0 0 32 23 0 0 0 0 32 23NR 0 0 0 0 18 19 0 0 96 100 114 118TOTAL 23,914 27,356 3,568 4,017 21,592 22,711 7,243 7,880 8,843 9,918 65,159 71,881In millions of eurosGoviesAgencies & suprasovereign31 December 2011FinancialCorporate Covered Other Corporate TotalBy external ratingNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueNetbookvalueMarketvalueAAA 15,598 17,353 2,940 3,114 199 198 5,007 5,111 18 21 23,763 25,797AA+ 0 0 0 0 18 18 1,015 983 630 670 1,664 1,671AA 0 0 0 0 1,107 1,116 77 65 636 692 1,820 1,873AA- 2,702 2,819 7 5 1,111 1,007 419 386 557 617 4,797 4,835A+ 1,952 1,899 0 0 8,314 7,830 109 82 1,482 1,596 11,856 11,407A 3,521 3,114 163 168 3,670 3,414 75 65 840 905 8,269 7,665A- 414 390 8 8 2,042 1,847 383 296 2,143 2,255 4,990 4,797BBB+ 0 0 0 0 2,026 1,775 55 45 1,005 1,030 3,086 2,850BBB 0 0 0 0 343 285 97 64 755 751 1,195 1,100BBB- 0 0 95 69 356 295 85 65 153 140 690 570BB+ 1,063 856 68 61 186 127 0 0 35 37 1,352 1,081BB 1,168 688 0 0 21 15 0 0 95 41 1,284 744BB- 0 0 0 0 4 4 0 0 0 0 4 4B- 0 0 0 0 32 14 0 0 0 0 32 14CC 250 178 0 0 0 0 0 0 0 0 250 178NR 0 0 0 0 10 14 0 0 52 57 62 71TOTAL 26,668 27,297 3,281 3,426 19,440 17,959 7,322 7,163 8,401 8,811 65,112 64,65652012 Registration document and annual financial report - BNP PARIBAS 319