95 OFF-BALANCE SHEET COMMITMENTS SUBJECT TO IMPAIRMENT REQUIREMENTS AS AT 31 DECEMBER 2021 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 189,379 of which: impaired commitments as of the balance sheet date 2,231 Financing commitments 1,030,015 of which: impaired commitments as of the balance sheet date Total 1,219,394 of which: impaired commitments as of the balance sheet date 2,231 OFF-BALANCE SHEET COMMITMENTS SUBJECT TO IMPAIRMENT REQUIREMENTS AS 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 A description of the assets held as collateral is presented in Note 9 “Financing and guarantee commitments and other guarantees”. 3.1.3 Modified financial assets Modified financial assets are those assets that have been restructured due to financial difficulties. These are receivables for which CFM Indosuez Wealth hasmodified 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. They thus consist of loans classified as in default and performing loans at the date they are restructured. (A more detailed definition of restructured loans and their accounting treatment can be found in Note 1.2 “Accounting principles and methods”, the “Financial instruments - Credit risk” section). No modified assets were identified. 3.1.4 Concentration of credit risk The carrying amounts and commitments are reported net of impairment and provisions. Exposure to credit risk by category of credit risk The credit risk categories are presented by probability of default range. The correspondence between internal rating and probability of default range is detailed in the “Risk Factors and Pillar 3 – Credit Risk Management” chapterof the Crédit Agricole S.A. Registration Document.
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