SFIL Annual financial report 2018

1 I Management report 20 SFIL Annual Financial Report 2018 New financing business takes place in France for activity with LBP, the sensitivity reduction activity and the export credit refinancing activity. A geographic breakdown of assets based on the counterparty’s country of residence, between France and other countries, is presented in the management report. This information is prepared by the Accounting and Finance divisions based on management and accounting data reconciliations. SFIL also acts as manager for Caisse Française de Finance‑ ment Local and service provider for La Banque Postale. To this end, it has implemented a specific cost accounting pro‑ cedure to ensure proper billing of its services as a financial services provider. are complemented by quarterly activity reports prepared by its subsidiary Caisse Française de Financement Local. This management information also includes information on loans originated by La Banque Postale and acquired by Caisse Française de Financement Local, as well as on the reduc‑ tion of the sensitivity of structured loans and on the export credit refinancing activity. Forecasts and risk assessments are also included in the annual financial report. This infor‑ mation is provided directly by the operating divisions or the Risks division. Their accuracy is therefore ensured by the internal control system of the divisions concerned.