113 DERIVATIVE TRANSACTIONS: AMOUNT OF COMMITMENT 31/12/2021 31/12/2020 (in thousands of euros) Total notional outstanding amount Total notional outstanding amount Interest rate instruments 1,839,084 1,708,091 Futures 0 0 FRA 0 2,005 Interest rate swaps 1,838,671 1,705,523 Interest rate options 0 0 Caps-floors-collars 413 563 Other options 0 0 Currency and gold instruments 3,403,397 4,087,144 Forward exchange contracts 2,749,011 2,788,017 Currency options 654,386 1,299,127 Other instruments 59,282 44,061 Equity and index derivatives 54,228 43,364 Precious metal derivatives 5,054 697 Commodity derivatives 0 Credit derivatives 0 Other 0 Sub-total 5,301,763 5,839,296 Forward foreign exchange transactions Total notional amounts 5,301,763 5,839,296 EXCHANGE RATE RISK Foreign exchange risk limits are reviewed annually by the CA CIBMarket Risk Committee, which includes the Indosuez Wealth Management RPC functions. The calculation of open positions (equivalent in euros) takes into account all the Bank’s foreign exchange positions (spot and forward exposures). CFM IndosuezWealthManagement’s foreign exchange risk is hedged by the Cash Management department each day. Open foreign exchange positions held on the Bank’s own account are only generated by customerrelated activities. CFM Indosuez Wealth Management does not hold speculative positions. However, as the group-wide IT solution, S2i, requires invoices to be paid in Swiss francs, a foreign exchange risk may arise when the invoice is paid. This exposure is hedged via the regular purchase of Swiss francs, in line with requirements. This foreign exchange hedging activity and the corresponding trades are presented to the ALM Committee each quarter. 3.3 LIQUIDITY AND FUNDING RISK The liquidity and funding risk management policy applies to CFM Indosuez Wealth Management according to the standardised approach, without taking into account the subsidiaries, which are not supervised by the ACPR (French Prudential Supervision and Resolution Authority) andwhose size and activities are deemed insignificant with regard to the risks under consideration. Liquidity risk management is monitored through two regulatory ratios: the Liquidity Coverage Ratio (LCR) for liquidity risk for up to 30 days and the Net Stable Funding Ratio (NSFR) for mediumand long term liquidity risk. These two ratios are derived from the Basel III agreements with an overall internal limit of 100%.
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