Loans being amortised in Nantes Métropole on 1 January 2022

Loans being amortised in Nantes Métropole on 1 January 2022 * * * * The use of borrowing for communities is heavily regulated. Thus, the loan can only cover the financing of capital expenditure: rehabilitation works, new construction, acquisition of furniture, equipment, etc. The community’s own resources must cover the repayment of loans. The deliberative assembly is responsible for borrowing. In order to have an “active debt management”, i.e. to be able to take advantage of the opportunities to renegotiate a loan, launch a consultation, make an early repayment, etc., without waiting for the holding of a deliberative meeting, this competence is delegated to the Vice-President in charge of Finance in Nantes Métropole. In terms of debt strategy, Nantes Métropole chooses to have recourse to limited borrowing, to diversify its loans in terms of lenders and rates, not to take out any structured loans. _Classification of Borrowing Risks (known as “Gissler Classification”):_ The Good Behaviour Charter signed in 2009 aims to govern the mutual relations between local and regional authorities and banking institutions. The Commission formulates a number of reciprocal commitments, in particular to enable better control of risks. In this context, a risk matrix has been defined in order to allow a classification of the products proposed to local authorities. This classification has two dimensions: * risk associated with the underlying index(s), 1 being the minimum risk and 5 the maximum; * risk associated with product structure, A being minimum risk and maximum E. | ** underlying indices** | **** | **structures** —|---|— 1 | Eurozone indexes | A ▲ Fixed rate exchange against variable rate or vice versa. Structured rate exchange against variable rate or fixed rate (single sense). Capped single variable rate (Cape) or framed (Tunnel) 2 | French inflation indexes or euro area inflation indexes or differences between these indices | B ⋆ Simple barrier. No leverage 3 | Eurozone index differential | C ▲ Exchange option (Swaption) 4 | Non-euro area indexes. Deviation of indices, one of which is a non-euro area index | D | Multiplier up to 3; multiplier up to 5 cape 5 | Non-euro area index differential | E ▲ Multiplier up to 5 6* | Unauthorised indexations under the charter (exchange rates, etc.) | F* ▲ Structures not authorised by the Charter (cumulative, multiplier > 5, etc.) _* Excluding Charter_ * * * *2022年1月1日于南特都会区（Nantes Métropole）正在摊销的贷款 * * * * 社区借款行为受到严格监管。据此，贷款仅可用于资本支出的融资：包括修缮工程、新建工程、家具与设备购置等。社区自有资金需用于覆盖贷款偿还支出。 审议大会负责统筹借款事宜。为实现"积极债务管理"，即无需等待审议会议召开，即可把握重新谈判贷款、发起咨询、提前还款等各类机遇，此项权限已委托给南特都会区负责财政事务的副主席。 在债务战略层面，南特都会区选择有限举债，在贷款方与利率维度实现贷款多元化，且不开展任何结构化贷款业务。 _借贷风险分类（又称"吉斯勒分类法"）：_ 2009年签署的《良好行为宪章》旨在规范地方与区域当局及银行机构之间的相互协作关系。委员会制定了多项互惠承诺，尤其旨在实现更有效的风险管控。在此背景下，已明确一套风险矩阵，用于对向地方当局提供的金融产品进行分类。该分类包含两个维度： * 与基础指数相关的风险：1代表最低风险等级，5代表最高风险等级； * 与产品结构相关的风险：A代表最低风险等级，E代表最高风险等级。 | 基础指数 | 产品结构 | | --- | --- | | 1 | 欧元区指数 | A ▲ 固定利率与浮动利率互换，反之亦然。结构化利率互换（单向浮动或固定利率）。封顶单一浮动利率（Cape）或区间浮动利率（Tunnel） | 2 | 法国通胀指数或欧元区通胀指数，或二者的指数差值 | B ⋆ 简单障碍型，无杠杆 | 3 | 欧元区指数利差 | C ▲ 互换期权（Swaption） | 4 | 非欧元区指数。指数出现偏离，其中一方为非欧元区指数 | D | 乘数最高达3；乘数最高达5且带封顶 | 5 | 非欧元区指数利差 | E ▲ 乘数最高达5 | 6* | 宪章未授权的指数标的（汇率等） | F* ▲ 宪章未授权的结构（累计型、乘数>5等） _* 不适用《宪章》约束_ * * * *