3.1.2 Maximum exposure to credit risk An entity’s maximum exposure to credit risk represents the carrying amount, net of any impairment loss recognised and without taking account of any collateral held or other credit enhancements (e.g. netting agreements that do not meet offset conditions under IAS 32). The tables below show the maximum exposure as well as the amount of collateral held and other credit enhancements allowing this exposure to be reduced. Assets impaired as of the balance sheet date are impaired assets (Stage 3). FINANCIAL ASSETS NOT SUBJECT TO IMPAIRMENT REQUIREMENTS (RECOGNISED AT FAIR VALUE THROUGH PROFIT OR LOSS) Credit risk mitigation Assets held as collateral Other credit enhancement techniques AS AT 31/12/2024 ` (in thousands of euros) Maximum credit risk exposure Financial instruments received as collateral Mortgages Pledges Surety bonds and other financial guarantees Credit derivatives Financial assets at fair value through profit or loss (excluding variable income securities and assets representing unit-linked policies) 7,071 Financial assets held for trading 5,484 Debt instruments that do not meet SPPI criteria 1,475 Financial assets designated at fair value through profit or loss - Hedging derivative instruments 49,646 Total 56,717 Credit risk mitigation Assets held as collateral Other credit enhancement techniques AS AT 31/12/2023 ` (in thousands of euros) Maximum credit risk exposure Financial instruments received as collateral Mortgages Pledges Surety bonds and other financial guarantees Credit derivatives Financial assets at fair value through profit or loss (excluding variable income securities and assets representing unit-linked policies) 10,320 Financial assets held for trading 8,733 Debt instruments that do not meet SPPI criteria 1,587 Financial assets designated at fair value through profit or loss - Hedging derivative instruments 55,683 Total 66,003 CFM Indosuez Wealth Management 92
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