HEDGING DERIVATIVE INSTRUMENTS 31/12/2024 31/12/2023 Market value Notional amount Market value Notional amount Positive Negative Positive Negative Fair value hedges 45,619 40,039 1,706,714 53,929 60,077 1,943,746 Cash flow hedges 4,027 11,326 1,649,985 2,412 20,718 2,967,144 Hedges of net investments in foreign operations Total Hedging instruments 49,646 51,365 3,356,699 56,341 80,795 4,910,890 In accordance with our Accounting Principles and Policies, the Group applies IAS 39 as adopted by the European Union (carve-out version) to fair value hedges of a portfolio of interest rate instruments, financial assets or financial liabilities. In particular, the provisions of the standard allow low- or non-interest-bearing sight deposits to be included in this hedging relationship, CFM Indosuez Wealth has not noted any significant de-qualification in the 2024 financial year as a result of this rising interest rate environment, HEDGING DERIVATIVES: ANALYSIS BY RESIDUAL MATURITY (NOTIONAL AMOUNTS) The breakdown of notional amounts for derivative instruments is shown by remaining contractual maturity. 31/12/2024 Transactions on organised and over-the-counter markets (in thousands of euros) ≤ 1 year > 1 year to ≤ 5 years > 5 years Total notional amount Interest rate instruments 410,102 957,327 497,285 1,864,714 Currency instruments Other instruments Sub-total 410,102 957,327 497,285 1,864,714 Forward foreign exchange transactions 1,491,985 1,491,985 Total notional amount of hedging derivatives 1,902,087 957,327 497,285 3,356,699 31/12/2023 Transactions on organised and over-the-counter markets (in thousands of euros) ≤ 1 year > 1 year to ≤ 5 years > 5 years Total notional amount Interest rate instruments 729,175 883,204 469,367 2,081,746 Currency instruments Other instruments Sub-total 729,175 883,204 469,367 2,081,746 Forward foreign exchange transactions 2,829,144 2,829,144 Total notional amount of hedging derivatives 3,558,319 883,204 469,367 4,910,890 Note 3.3 “Market risk - Derivative transactions: breakdown by residual maturity” provides a breakdown of the market values of hedging derivatives by residual contractual maturity. Annual Report 2024 107
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