117 FAIR VALUE HEDGES HEDGING DERIVATIVES AT 31/12/2021 (in thousands of euros) Book value Changes in fair value over the period (including hedge terminations during the period) Notional amount Assets Liabilities Fair value hedges Organised markets Interest rate Forward instruments Options Currencies Forward instruments Options Other Over-the-counter markets 7,229 1,276 9,907 544,482 Interest rate 7,229 1,276 9,907 544,482 Forward instruments 7,229 1,276 9,907 544,482 Options Currencies - - - - Forward instruments Options Other Total fair value micro-hedges 7,229 1,276 9,907 544,482 Fair value hedging of the interest rate risk exposure of a portfolio of financial instruments 12,138 6,972 -19,593 1,154,809 Total fair value hedges 19,367 8,248 -9,686 1,699,291 HEDGING DERIVATIVES AT 31/12/2020 (in thousands of euros) Book value Changes in fair value over the period (including hedge terminations during the period) Notional amount Assets Liabilities Fair value hedges Organised markets Interest rate Forward instruments Options Currencies Forward instruments Options Other Over-the-counter markets 72 5,717 -2,081 585,702 Interest rate 72 5,717 -2,081 585,702 Forward instruments 72 5,717 -2,081 585,702 Options Currencies Forward instruments Options Other Total fair value micro-hedges 72 5,717 -2,081 585,702 Fair value hedging of the interest rate risk exposure of a portfolio of financial instruments 27,574 322 5,146 1,119,821 Total fair value hedges 27,646 6,039 3,065 1,705,523 Changes in the fair value of hedging derivatives are recognised in “Net gains or losses on financial instruments at fair value through profit or loss” in the income statement.
RkJQdWJsaXNoZXIy NzMxNTcx