2012 Registration document and annual financial report - BNP Paribas

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTSNotes to the parent company financial statements6Note 5. FINANCING AND GUARANTEE COMMITMENTS5.a FINANCING COMMITMENTSIn millions of euros, at 31 December 2012 31 December 2011Credit institutions 39, 213 38, 024Customers 120, 150 133, 688Confirmed letters of credit 63, 929 77, 412Other commitments given to customers 56, 221 56, 276TOTAL FINANCING COMMITMENTS GIVEN 159, 363 171, 712Credit institutions 67, 426 64, 726Customers 11, 841 8, 994TOTAL FINANCING COMMITMENTS RECEIVED 79, 267 73, 7205.b GUARANTEE COMMITMENTSIn millions of euros, at 31 December 2012 31 December 2011Credit institutions 32, 073 33, 053Customers 85, 352 108, 828TOTAL GUARANTEE COMMITMENTS GIVEN 117, 425 141, 881Credit institutions 76, 910 69, 350Customers 163, 170 180, 922TOTAL GUARANTEE COMMITMENTS RECEIVED 240, 080 250, 2725.c FINANCIAL INSTRUMENTS GIVEN AND RECEIVED AS GUARANTEES➤ FINANCIAL INSTRUMENTS GIVEN AS COLLATERAL6In millions of euros, at 31 December 2012 31 December 2011Financial instruments (negotiable securities and private receivables) deposited with central banksand eligible for use at any time as collateral for refinancing transactions after haircut 57, 537 58, 919■ Used as collateral with central banks 21, 128 34, 669■ Available for refinancing transactions 36, 409 24, 250Other financial assets pledged as collateral for transactions with banks and financial customers 75, 426 67, 432At 31 December 2012, the Bank had EUR 57, 537 million of financialinstruments (negotiable securities and private receivables) depositedor pledged with central banks for use at any time as collateral forrefinancing transactions (vs. EUR 58, 919 million at 31 December 2011).This amount includes EUR 43, 800 million deposited with the Banquede France (vs. EUR 43, 379 million at 31 December 2011) under theBanque de France’s comprehensive collateral management system tocover Eurosystem monetary policy transactions and intraday loans. At31 December 2012 the Bank had used as collateral EUR 21, 128 millionof the amount deposited with central banks (vs. EUR 34, 669 million at31 December 2011), including EUR 20, 688 million of the amount depositedwith the Banque de France (vs. EUR 29, 726 million at 31 December 2011).The other assets that the Bank has pledged as collateral with creditinstitutions and financial customers totalled EUR 51, 540 million at31 December 2012 (vs. EUR 46, 715 million at 31 December 2011), andinclude financing for BNPP HL Covered Bonds, Société de Financement del’Économie Française, and Caisse de Refinancement de l’Habitat.➤ FINANCIAL INSTRUMENTS RECEIVED AS COLLATERALIn millions of euros, at 31 December 2012 31 December 2011Financial instruments received as collateral 24, 338 27, 3212012 Registration document and annual financial report - BNP PARIBAS 357