CFM INDOSUEZ Wealth Management - 2019 annual report

81 Annual Financial Statements 2019 Off -balance sheet commi tments subject to impai rment requi rements 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 Credit derivatives Guarantee commitments 269,722 o/w: impaired commitments as of the balance sheet date 7 Financing commitments 1,094,033 o/w: impaired commitments as of the balance sheet date Total 1,363,755 o/w: impaired commitments as of the balance sheet date 7 Off -balance sheet commi tments subject to impai rment requi rements 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 Credit derivatives Guarantee commitments 176,209 o/w: impaired commitments as of the balance sheet date 0 Financing commitments 868,522 o/w: impaired commitments as of the balance sheet date 0 Total 1,044,731 o/w: impaired commitments as of the balance sheet date 0 A description of the assets held as collateral is presented in Note 8 “Financing and guarantee commitments and other guarantees”. Modified financial assets Modified financial assets are assets that were restructured due to financial difficulties. These are receivables for which the entity has modified the initial financial conditions (interest rate, term) for economic or legal reasons related to the borrower’s financial difficulties, under terms that would not have been considered in other circumstances. Thus, they include receivables classified as impaired and performing receivables at the time of the restructuring. (A more detailed definition of restructured loans and their accounting treatment is provided in Note 1.2 “Accounting principles and policies”, under the chapter on “Financial instruments - Credit risk”.) No modified assets were identified. Concentrations of credit risk The book values and amounts of the commitments are presented net of impairment and provisions. Credit risk categories are presented by probability of default intervals. The correspondence between internal ratings and probability of default intervals is described in the chapter on “Risk Management and Pillar III – Credit Risk Management” in the Crédit Agricole SA Universal Registration Document.