Société Générale / Risk report 2021 - Pillar 3 2020

8 SECURITISATION SOCIETE GENERALE’S SECURITISATION ACTIVITIES PILLAR 3 - 2021 | SOCIETE GENERALE GROUP | 166 TABLE 84: QUALITY OF SECURITISATION POSITIONS RETAINED OR PURCHASED BY TYPE OF UNDERLYING ASSETS IN THE TRADING BOOK (In EURm) 31.12.2020 Underlying assets Net long positions Net short positions Highest- ranking tranche Mezzanine tranche Initial loss tranche Highest- ranking tranche Tranche mezzanine Initial loss tranche Residential mortgages 31 13 - - - - Commercial mortgages 51 60 - 168 14 - Credit card receivables - - - - - - Leasing 11 - - - - - Loans to corporates and SMEs 68 41 - - - - Consumer loans 15 - - - - - Trade receivables - - - - - - Other assets - - - - - - Covered bonds 49 63 - - - - Other liabilites - - - - - - TOTAL 226 176 - 168 14 - (In EURm) 31.12.2019 Underlying assets Net long positions Net short positions Highest- ranking tranche Mezzanine tranche Initial loss tranche Highest- ranking tranche Tranche mezzanine Initial loss tranche Residential mortgages 26 60 - - - - Commercial mortgages 23 43 - 108 21 - Credit card receivables - 9 - - - - Leasing 1 6 - - - - Loans to corporates and SMEs 51 123 - - - - Consumer loans - - - - - - Trade receivables - 20 - - - - Other assets - - - - - - Covered bonds 64 90 - - - - Other liabilites - - - - - - TOTAL 165 351 - 108 21 - Positions in the securitisation trading book are exclusively high ranking and mezzanine tranches. This applies to long and short positions.