CFM INDOSUEZ Wealth Management - 2019 annual report

79 Annual Financial Statements 2019 M a x i m u m c r e d i t r i s k e x p o s u r e An entity’s maximum credit risk exposure is the book value of exposures, net of any impairment loss recognised and excluding assets held as collateral or other credit enhancements (for example, netting agreements that do not meet the offsetting conditions under IAS 32). The tables below show the maximum exposures as well as the amount of assets held as collateral and other credit enhancement techniques used to reduce this exposure. Assets impaired as of the balance sheet date are impaired assets (Bucket 3). F i n a n c i a l a s s e t s n o t s u b j e c t t o i mp a i r me n t r e q u i r eme n t s ( r e c o g n i s e d a t f a i r v a l u e t h r o u g h p r o f i t o r l o s s ) a t 3 1 D e c e m b e r 2 0 1 9 Maximum credit risk exposure Credit risk mitigation Assets held as collateral Other credit enhancement techniques in thousands of euros) Financial instruments received as collateral Mortgages Pledges Surety bonds and other financial guarantees Surety bonds and other financial guarantees Financial assets at fair value through profit or loss (excluding variable income securities and assets representing unit-linked policies) 4,172 Financial assets held for trading 2,143 Debt instruments that do not meet SPPI criteria 2,029 Financial assets designated at fair value through profit or loss Hedging derivatives 32,293 Total 36,465 F i n a n c i a l a s s e t s n o t s u b j e c t t o i mp a i r me n t r e q u i r eme n t s ( r e c o g n i s e d a t f a i r v a l u e t h r o u g h p r o f i t o r l o s s ) a t 3 1 D e c e m b e r 2 0 1 8 Maximum credit risk exposure Credit risk mitigation Assets held as collateral Other credit enhancement techniques (in thousands of euros) Financial instruments received as collateral Mortgages Pledges Surety bonds and other financial guarantees Surety bonds and other financial guarantees Financial assets at fair value through profit or loss (excluding variable income securities and assets representing unit-linked policies) 5,625 Financial assets held for trading 3,968 Debt instruments that do not meet SPPI criteria 1,657 Financial assets designated at fair value through profit or loss Hedging derivatives 28,531 Total 34,156