CFM INDOSUEZ Wealth Management - 2020 Annual Report

85 OFF-BALANCE-SHEET COMMITMENTS SUBJECT TO IMPAIRMENT REQUIREMENTS AT 31 DECEMBER 2020 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 142,279 of which: impaired commitments as of the balance sheet date 2,087 Financing commitments 920,409 of which: impaired commitments as of the balance sheet date Total 1,062,688 of which: impaired commitments as of the balance sheet date 2,087 ENGAGEMENTS HORS BILAN SOUMIS AUX EXIGENCES DE DÉPRÉCIATION AU 31 DÉCEMBRE 2019 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 of which: impaired commitments as of the balance sheet date 7 Financing commitments 1,094,033 of which: impaired commitments as of the balance sheet date Total 1,363,755 of which: impaired commitments as of the balance sheet date 7 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. (Amore 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. Concentration 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.