Econocom - 2019 Universal registration document

97 2019 annual report 04 risk factors Operational risks 1. 98 Risks associated with Services 1.1. contracts 98 Risk of sub-contractor default 1.2. 98 Risks associated with price 1.3. fluctuations and hardware obsolescence 99 Risks associated with competition 1.4. 99 Employee-related risks 1.5. 99 Environmental risks 1.6. 99 Insurance against risk 1.7. 99 Pledges, guarantees, collateral 1.8. provided and borrowings 100 Risks related to external growth 1.9. 100 Regulatory risk 2. 101 Legal risks 2.1. 101 Risks associated with tax 2.2. inspections 101 Risks associated with regulations 2.3. applicable to lessors’ leasing business 101 Risks associated with regulations 2.4. applicable to Technology Management & Financing clients 101 Dependency risk 3. 102 Dependence on refinancing 3.1. institutions 102 Customer dependency risk 3.2. 102 Supplier dependency risk 3.3. 102 Technology dependency risk 3.4. 102 Financial risk 4. 103 Market risk 4.1. 103 Credit and counterparty risk 4.2. 104 Equity risk 4.3. 105