2012 Registration document and annual financial report - BNP Paribas

5RISKSAND CAPITAL ADEQUACYAppendicesAppendices :Appendix 1: Exposures based on F inancial S tabilityB oard recommendationsFUNDING THROUGH PROPRIETARY SECURITISATION5Cash securitisation as at 31 December 2012Amount ofSecuritised positions heldIn billions of euros securitised assets Amount of notesFirst losses OthersPersonal Finance 6.0 5.9 0.2 1.9o/w Residential loans 4.6 4.6 0.2 1.6o/w Consumer loans 1.1 1.1 0.0 0.2o/w Lease receivables 0.3 0.2 0.0 0.1BNL 2.2 2.1 0.1 0.2o/w Residential loans 2.2 2.1 0.1 0.2o/w Consumer loans - - - -o/w Lease receivables - - - -o/w Public sector - - - -TOTAL 8.2 8.0 0.3 2.1EUR 8.2 billion of loans had been refinanced through securitisation at31 December 2012, compared to EUR 8.1 billion at 31 December 2011.EUR 2.1 billion of securitised positions were held at the end of 2012(excluding first loss tranches).Following the transition to IFRS in 2005, SPVs are consolidated in theBNP Paribas balance sheet whenever the Bank holds the majority of thecorresponding risks and returns.3222012 Registration document and annual financial report - BNP PARIBAS