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PAYABLES RELATED TO FINANCIAL MANAGEMENT

Payables in euros 31/12/2016

Related to financial instruments

Purchases pending settlement 3,536,696.07

TOTAL 3,536,696.07 Related to forex transactions

Forward sales 9,702,368,950.11 Currencies for forward delivery 104,707,059.20 Currencies for spot delivery Contango 1,551,448.64

TOTAL 9,808,627,457.955

Related to forward financial instruments

Margin payable 5,682,028.48 Premiums on options 9,312,688.08

TOTAL 14,994,716.56

PREPAID INCOME

Prepaid income amounted to -EUR 142,088.05. It corresponds to interest prepaid on certain transfer- able debt securities12 on which rates are negative. It is presented in the Prepaid expenses item of the balance sheet.

12 BTF, CDN, foreign Treasury Bills, commercial paper.