SFIL Annual financial report 2018

Annual financial statements in accordance with French GAAP I 4 127 Annual Financial Report 2018 SFIL Management report Report on corporate governance Consolidated financial statements in accordance with IFRS Annual financial statements in accordance with French GAAP Shareholders’ Meeting of May 29, 2019 General information 4.3 - FOREIGN CURRENCY TRANSACTIONS AND COMMITMENTS ON INTEREST RATE DERIVATIVES 4.3.1. Foreign currency transactions Cash and forward foreign exchange transactions are recorded at their value in foreign currencies translated at the exchange rate at the end of the period. The items “Currencies to receive” and “Currencies to deliver” are composed of long currency swaps with intermediate pay- ment flows corresponding to hedging transactions. 12/31/2017 12/31/2018 Fair value as of 12/31/2018 Currencies to receive 3,596 3,974 (160) Currencies to deliver 3,723 3,964 180 TOTAL 7,319 7,938 20 4.3.2. Commitments on interest rate derivatives Commitments on interest rate derivatives are recorded in accordance with CRB standards 88-02 and 90-15: amounts related to unconditional operations are recorded at the contractual notional value. 4.3.2.1. Analysis of over-the-counter interest rate transactions by residual maturity Type of transaction Less than 1 year 1 year to 5 years More than 5 years Amount as of 12/31/2018 Unconditional transactions 2,902 7,421 23,979 34,302 of which deferred start - - 82 82 4.3.2.2. Analysis of interest rate transactions by product type 12/31/2017 12/31/2018 Interest rate swaps 32,616 34,302 Term contracts - - Interest rate options - - TOTAL 32,616 34,302 4.3.2.3. Analysis of interest rate transactions by counterparty 12/31/2017 12/31/2018 Caisse Française de Financement Local 14,026 14,310 Other related parties 554 415 Other counterparties 18,036 19,577 TOTAL 32,616 34,302 4.3.3. Foreign exchange transactions and commitments to derivative financial instruments by type of transaction Type of transaction Amount as of 12/31/2017 Micro-hedge Isolated open position Amount as of 12/31/2018 Fair value as of 12/31/2018 Foreign currency transactions - to receive 3,596 1,203 2,771 3,974 180 Foreign currency transactions - to deliver 3,660 1,022 2,947 3,969 (160) Interest rate swaps 32,616 14,310 19,992 34,302 (28) TOTAL 39,872 16,535 25,710 42,245 (8)