Transparency andDisclosure Report
2021
Pillar III Report
Adyen N.V.

Adyen Transparency and Disclosure Report 2021|Page 1

Contents
Concise risk statement ................................................................................................................................................... 4
Introduction ...................................................................................................................................................................... 5
Scope of consolidation ..................................................................................................................................................................5
Revised Pillar III disclosure framework .......................................................................................................................................7

Risk management framework and strategy................................................................................................................ 9
Risk management objectives and policies .................................................................................................................................9Governance arrangements ........................................................................................................................................................ 10

Disclosures on Pillar I.................................................................................................................................................... 15
Capital ........................................................................................................................................................................................... 15
Capital requirements .................................................................................................................................................................. 16
Combined buffer requirements ................................................................................................................................................ 20
Leverage........................................................................................................................................................................................ 20
Asset Encumbrance .................................................................................................................................................................... 20
Liquidity & funding ...................................................................................................................................................................... 20

Disclosures on Pillar II................................................................................................................................................... 22
Internal capital and liquidity adequacy assessment process .............................................................................................. 22
Interest rate risk in the banking book ....................................................................................................................................... 22

Remuneration................................................................................................................................................................. 23
Adyen’s remuneration policy ..................................................................................................................................................... 23
Remuneration principles ............................................................................................................................................................ 23
Variable remuneration ................................................................................................................................................................ 23
Identified staff............................................................................................................................................................................... 23

Annexes........................................................................................................................................................................... 25
Annex OV1 – Overview of total risk exposure amounts ........................................................................................................ 25
Annex KM 1 – Key metrics ......................................................................................................................................................... 26
Annex EU CCyB1 - Geographical distribution of credit exposures relevant for the calculation of the countercyclicalbuffer ......................................................................................................................................................................................... 28
Annex EU CCyB2 - Amount of institution-specific countercyclical capital buffer ........................................................... 30
Annex EU LI1 - Differences between the accounting scope and the scope of prudential consolidation and mappingof financial statement categories with regulatory risk categories .................................................................................. 31
Annex EU LI2 - Main sources of differences between regulatory exposure amounts and carrying values in financial
statements ............................................................................................................................................................................... 32
Annex EU LI3 - Outline of the differences in the scopes of consolidation (entity by entity)............................................ 33
Annex EU CC1 - Composition of regulatory own funds ....................................................................................................... 34
Annex EU CCA - Main features of regulatory own funds instruments and eligible liabilities instruments .................. 37
Annex EU LR1 - LRSum: Summary reconciliation of accounting assets and leverage ratio exposures...................... 382

Annex EU LR2 - LRCom: Leverage ratio common disclosure ............................................................................................. 39
Annex EU LR3 - LRSpl: Split-up of on balance sheet exposures ........................................................................................ 41
Annex EU LIQ1 – Quantitative information of LCR ................................................................................................................ 42
Annex EU LIQ2 – Net Stable Funding Ratio............................................................................................................................ 44
Annex EU CR1 - Performing and non-performing exposures and related provisions .................................................... 46
Annex EU CR1A - Maturity of exposures................................................................................................................................. 48
Annex EU CR3 - CRM techniques overview: Disclosure of the use of credit risk mitigation techniques.................... 49
Annex EU CR4 - Standardised Approach: Credit risk exposure and CRM effects .......................................................... 50
Annex EU CR5 – Standardised approach: exposures by risk weight ................................................................................. 51
Annex EU CQ3 - Credit quality of performing and non-performing exposures by past due days ................................ 53
Annex EU CQ4 - Quality of non-performing exposures by geography .............................................................................. 54
Annex EU CQ5 - Credit quality of loans and advances to non-financial corporations by industry ............................... 55
Annex EU MR1 - Market risk under the standardised approach ........................................................................................ 56
Annex EU OR1 - Operational risk own funds requirements and risk-weighted exposure amounts............................. 57
Annex EU AE1 - Encumbered and unencumbered assets .................................................................................................. 58
Annex EU AE2 - Collateral received and own debt securities issued................................................................................. 59
Annex EU AE3 - Sources of encumbrance ............................................................................................................................. 60
Annex EU REM1 - Remuneration awarded for the financial year........................................................................................ 61
Annex EU REM4 - Remuneration of 1 million EUR or more per year ................................................................................. 62
Annex EU REM5 - Information on remuneration of identified staff .................................................................................... 63

Adyen Transparency and Disclosure Report 2021|Page 3

Concise risk statement
The Adyen DNA
We are a technology company redefining payments. We work together with over 2,180 people spread across 27
offices around the world. To us, “winning is more important than ego” – we value people for their skills and what theybring to the company, not for their titles. We work with cross-functional teams and empower them to make their own
decisions. We call these workstreams. We think function beats form, and our effort toward our goal of helping ourmerchants grow is singular.

Description of Business Activities
The Adyen platform integrates the full payments stack (gateway, risk management, processing and acquiring) with acommon back-end infrastructure for authorizing payments across its merchants' sales channels as well as offeringfeature-rich APIs. This integrated platform allows for the delivery of products and services on a global scale with local
capabilities, directly connecting merchants to Visa, Mastercard and many other payment methods, and across sales
channels, including its merchants' online, mobile and POS channels, while providing a high level of reliability, security,
performance and data insights. During 2021 Adyen maintained consolidation in the many payment processing
options, and with the roll out of Sales Day Payout and introduction of new products such as Adyen Issuing, it keeps
searching for ways to improve services provided to its merchants.

Risk management
Adyen recognizes that there are risks associated with achieving its strategy and business objectives. Managing theserisks1 is an essential part of doing business. Adyen has adopted a uniform and systematic company-wide approach for
managing risks. Adyen's integral risk management framework is based on the Enterprise Risk Management (ERM)
model as issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in 2017.

CapitalIn Pillar I, Adyen applies the standardized approaches to determine how much capital it is required to hold for credit
and market and applies the Basic Indicator Approach for operational risk. Resulting from Adyen’s business model,
operational risk is the largest risk category. The total risk exposure amount at 31 December 2021 was EUR 2.6 billion.
Upon approval from DNB on 17 March 2022 Adyen has included its 2021 net profit to CET1 capital, resulting in a totalof EUR 1,676 million at 31 December 2021, with a CET1 capital ratio of 64.4% (2020: 43.5%). The increase in CET1
over 2021 is mostly attributable to the overall inclusion of the 2021 net result. A secondary effect originates from theshare premium increase due to the exercise of a warrant linked to tranche 1 of a long-term merchant contract.

Leverage
Adyen’s leverage ratio is 29.4%, which is above the requirement of 3%.

Liquidity Coverage Ratio (LCR)
The Liquidity Coverage Ratio of Adyen was 5,746% at the end of 2021, well above the regulatory threshold of 100%.

Net Stable Funding Ratio (NSFR)
As of 28 June 2021, a binding Net Stable Funding Ratio requirement of 100% was introduced. At year-end 2021
Adyen’s NSFR is 284%, well above the regulatory threshold.

Declaration of the Management Board
The Management Board of Adyen declares that the risk management arrangements of Adyen are adequate withregards to Adyen’s risk profile and strategy. The development of Adyen’s risk profile is in line with the risk tolerances
set by the Management Board.

1 Art. 435(1)(e)(f) CRR.

Adyen Transparency and Disclosure Report 2021|Page 4

Introduction
This document presents the consolidated Transparency and Disclosure Report 2021 (Pillar III report) of Adyen N.V.
(Adyen) as per 31 December 2021.2
As a ‘less significant institution’3 based in the European Union, Adyen operates under the Capital Requirements
Directive IV (CRD IV) and Capital Requirements Regulation (CRR), including the recent amendments to this framework
as documented in CRR II4 and CRD V5. This framework is based on a three-pillars concept:•
Pillar I – Minimum capital requirements•
Pillar II – Supervisory review•
Pillar III – Market disclosures
In Pillar I, the capital requirements are calculated on the basis of standard components of three categories of risk thatan institution faces: credit risk, market risk and operational risk. These capital requirements need to be covered bysufficient own funds. Adyen uses the standardized approach for credit and market risk categories, and the Basic
Indicator Approach for operational risk to determine its minimum regulatory capital requirements.
In Pillar II, the supervisor reviews the viability of Adyen and its ability to meet the reporting requirements. This
Supervisory Review and Evaluation Process (SREP) comprises four components:•
Business Model Assessment (BMA)•
Internal governance and institution-wide control assessment•
Internal Capital Adequacy Assessment Process (ICAAP)•
Internal Liquidity Adequacy Assessment Process (ILAAP)As Pillar II inherently implies supervisory judgment, it is a more principle based standard that addresses institutionspecific risks and details capitalization against these risks. The capital requirements from Pillar II should be
proportionate to the risk profile of Adyen, and as such also reflect the volatility to risks under adverse and changing
business conditions.
The Pillar III disclosure framework seeks to promote market discipline through regulatory disclosure requirements.
Pursuant to Part Eight of the CRR, Adyen is required to publicly disclose information regarding, amongst others, its
risk profile, risk management and capital adequacy. Adyen discloses this information by means of this Pillar III report.
The Pillar III disclosures have a reference date of 31 December 2021.
The content of this Pillar III report meets all the requirements laid down in CRR and corresponding delegatedregulations and guidelines. This report has not been audited by Adyen’s external auditor.

Scope of consolidation
As an EU parent institution, Adyen N.V. is required to publish a consolidated Pillar III report. Adyen reports its
prudential requirements both on a consolidated as well as on a stand-alone basis. Its subsidiaries are only included inits consolidated reporting. Adyen’s prudential scope of consolidation does not deviate from its IFRS scope of
consolidation. Adyen N.V. is a licensed Credit Institution by De Nederlandsche Bank (the Dutch Central Bank) andregistered in the Netherlands under company number 34259528. The Credit Institution license includes the ability toprovide cross-border services in the EEA. Adyen N.V. directly or indirectly owns 100% of the shares of, and therefore
controls all entities included in the consolidated financial statements. This means all branches and subsidiaries are
fully consolidated.
Adyen has operations in the Netherlands, Brazil, Singapore, UK, Canada, Australia, South Korea, Hong Kong, Mexico,
China, New Zealand, Malaysia, India, Japan, the United Arab Emirates and the United States, with branches inGermany, France, and Sweden and representative offices in Belgium, Poland, Italy, and Spain. The address of the
Adyen N.V. registered office is Simon Carmiggeltstraat 6 -50, 5th floor, 1011DJ Amsterdam, the Netherlands. Table 1
and 2 provide an overview of all branches of Adyen N.V. and subsidiaries of Adyen International B.V.6

2 Art. 436(a) CRR.
3 Art. 441 CRR.
4 Regulation (EU) No 876/2019 (‘CRR II’)
5 Amended Directive 2013/36/EU
6 Art. 436(b) CRR.

Adyen Transparency and Disclosure Report 2021|Page 5Name

Legal seat

Adyen N.V. - Subsidiaries
Adyen International B.V.

Amsterdam, The Netherlands

Adyen Inc.

San Francisco, CA, USA

Adyen N.V. - Branches
Adyen N.V., German branch

Berlin, Germany

Adyen France

Paris, France

Adyen Nordic Bank Fillial

Stockholm, Sweden

Adyen N.V. – San Francisco Branch

San Francisco, CA, USA

Adyen N.V. – Representative offices
Adyen N.V., Belgian Representative Office

Brussels, Belgium

Adyen N.V., Italian Representative Office

Rome, Italy

Adyen N.V., Spain Representative Office

Madrid, Spain

Adyen N.V., Polish Representative Office

Warsaw, Poland

Table 1: Adyen N.V. 's branches and direct subsidiaries with their corresponding legal seat

Adyen International B.V. - Subsidiaries
Direct and indirectownership percentage

Name

Legal seat

Adyen Services Inc.

Dover, DE, USA

100%

Adyen Nevada Inc.

Las Vegas, NV, USA

100%

Adyen do Brasil Ltda

São Paulo, Brazil

100%

Adyen Singapore PTE. LTD.

Singapore, Singapore

100%

Adyen UK Limited

London, United Kingdom

100%

Adyen Hong Kong Limited

Hong Kong, Hong Kong SAR

100%

Adyen Australia PTY Limited

Sydney, Australia

100%

Adyen Canada Ltd.

Saint John, Canada

100%

Adyen Korea Chusik Hoesa

Seoul, Republic of Korea

100%

Adyen Mexico, S.A. de C.V.

Mexico City, Mexico

100%

Adyen (China) Software Technology Co. Ltd.

Shanghai, China

100%

Adyen New Zealand Ltd.

Auckland, New Zealand

100%

Adyen Malaysia Sdn. Bhd

Kuala Lumpur, Malaysia

100%

Adyen GmbH

Berlin, Germany

100%

Adyen India Technology Services Private Limited

New Delhi, India

100%

Adyen Japan K.K.

Tokyo, Japan100%

Adyen Middle East Limited

Dubai, United Arab Emirates

100%

Table 1: Adyen International B.V.'s direct subsidiaries, their legal seat and ownership percentage

Adyen Transparency and Disclosure Report 2021|Page 6

Revised Pillar III disclosure framework
The Basel Committee on Banking Supervision (BCBS) announced in 2014 its aim to revise and consolidate the Pillar III
disclosure requirements, and as such bundle the previously scattered instructions in an “all-inclusive Implementing
Technical Standard”. This started as a two-phase program but was extended with a third phase in 2017 to include
disclosure requirements arising from the ongoing finalization of the Basel III reforms. The previously existing Pillar III
disclosure requirements are superseded.
In order to be legally binding, the Revised Pillar III Framework templates need to be transposed into EU requirements.
Article 434a CRR mandates the EBA to develop disclosure templates and instructions for disclosure requirements
under Titles II and III of Part Eight CRR. Comprehensive Implementing Technical Standards on disclosure weredeveloped as a result as per ITS 2021/637. This ITS includes most new disclosure requirements per updated CRR,
with the most notable exception being related to Environmental, Social and Governance risk prudential disclosures,
which will become effective from June 2022.
In table 3, Adyen’s disclosures within this Pillar III report are linked to the respective provisions of Part Eight of the CRR.
It also references the relevant (fixed format) disclosure templates for Adyen as per the ITS. Adyen has chosen toaddress most relevant flexible format templates in the report text itself. This text can be found in the referenced
section’s pages in table 3. Note that not all ITS templates are relevant to Adyen as a result of our business model.
Annexes(EBA disclosure
templates)

ArticleSubject

Reference

Page

Article 435

Risk management
objectives and policies

Concise risk statement
Risk management framework andstrategy

p. 4
p. 9-14

Article 436

Scope of application

Scope of consolidation

p. 5

EU LI1EU LI2EU LI3

Article 437

Own funds

Capitalp. 15

EU CC1
EU CCA

Article 437a

Own funds and eligible
liabilities

Not applicable

Article 438

Own funds and RWA

Capital requirements
Internal capital adequacy assessment
process

p. 15-19
p. 22

EU OV1

Article 439

Exposure tocounterparty credit risk

Not applicable

Article 440

Countercyclical capital
buffers

Capital buffers

p. 20

EU CCyB1
EU CCyB2

Article 441

Indicators of global
systemic importanceNot applicable

Article 442

Credit risk adjustments
and credit risk quality

Credit risk adjustments

p. 16-17

EU CR1EU CR1-A
EU CQ3EU CQ4EU CQ5

Article 443

Asset encumbrance

Asset encumbrance

p. 20

EU AE1
EU AE2
EU AE3

Adyen Transparency and Disclosure Report 2021|Page 7

Article 444

Use of ECAI’s for credit
risk standardized
approach

Use of External Credit Assessment
Institutions

p. 17

Article 445

Exposure to market risk

Market risk

p. 18

EU MR1

Article 446

Operational risk

Operational risk

p. 19-20

EU OR1

Article 447

Disclosure of key
metrics

Disclosure of key metrics

p. 4
p. 15-21

EU KM1

Article 448

Disclosure of
exposures to interest
rate risk on positions
not held in the trading
book

Interest rate risk in the banking bookp. 20

Article 449

Exposure tosecuritization positions

Not applicable

Article 449a

ESG Risks

Not yet applicable

Article 450

Remuneration policy

Remuneration policy

p. 23-24

EU REM1
EU REM4
EU REM5

Article 451

Leverage

Leveragep. 20

EU LR1EU LR2EU LR3

Article 451a

Liquidity
Funding

LCR
NSFR

p.20-21

EU LIQ1
EU LIQ2

Article 452

Use of the IRB
approach to credit risk

Not applicable

Article 453

Use of credit risk
mitigation techniques

Credit risk mitigation

p. 16

EU CR3
EU CR4
EU CR5

Article 454

Use of the advanced
measurement
approaches tooperational risk

Not applicable

Article 455

Use of internal market
risk models

Not applicable

Table 2: Mapping of applicable CRR Articles and disclosure templates to this document

Adyen Transparency and Disclosure Report 2021|Page 8

Risk management frameworkand strategy
Adyen recognizes that risks are associated with achieving its strategy and business objectives. Managing these risks isan essential part of doing business. This chapter describes Adyen’s uniform and systematic company-wide approachfor managing risks. In addition, it lays down Adyen’s risk governance, which sets the tone for, reinforces theimportance of, and establishes oversight responsibilities for risk management.

Risk management objectives and policies
Adyen's integral risk management framework7 is based on the Enterprise Risk Management (ERM) model as issued by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in 2017. The integral risk
management framework structures the risk management activities within Adyen with a view of identifying, assessing,managing, monitoring and reporting risks in a uniform manner.

Three lines model
In line with the European Banking Authority (EBA) Guidelines on Internal Governance, Adyen has adopted the threelines model, which reflects the segregation between operations (first line management), the risk management andcompliance functions (second line), and the independent internal audit function (third line). The first line management
designs, implements, executes and monitors the control activities to manage performance and the risks taken toachieve Adyen's objectives. The second line risk and compliance functions provide guidance on risk management
requirements, and independently evaluate adherence to defined standards. The third line internal audit function
provides independent assurance on the effectiveness of risk management, including control activities, by performing
audits. The head of internal audit reports directly to the chairman of the Audit Committee, which provides an indirectline of reporting to the CEO. Adyen follows the EBA guidelines on internal governance and has implemented structural
measures and controls to realize the appropriate authority, independence and statute of its risk management
functions.
During 2021, the second and third-line functions have continued to add resources in line with the overall growth of theorganization as well as the broadening of its services offering and corresponding risk profile.

Strategy and objective setting
Risk management, strategy and objective-setting work together in the strategic planning process. Operational
objectives put strategy into practice while serving as a basis for identifying, assessing, and responding to risk. Adyen's
risk appetite is established and aligned with its strategy.

Risk appetite
Adyen has translated its view on all of its main risks into risk appetite statements. Risk appetite is the amount of risk
Adyen is willing to accept in pursuit of its objectives. It defines the level of risk at which appropriate actions are needed
to reduce risk to an acceptable level. Risk appetite is therefore not static, nor are the risk types for which internal risk
limits and risk statements are set.
The risk appetite statements for 2021 were approved by the Management Board and Supervisory Board. Adyen’s
overall risk appetite is best reflected in the fact that it wants to build an ethical and sustainable business, whilst being
risk aware and not unduly risk averse. Adyen accepts that in order to achieve its strategic objectives it may consume
some amounts of capital investing in new assets, people and processes. In pursuance of its strategic objectives Adyen
furthermore values a solid financial and capital outlook. Both capital and leverage should therefore be at a comfortablelevel above the regulatory requirements.

Risk assessment and control activities
Adyen performs a top-down company-wide risk assessment on an annual basis or in more frequent intervals, which
includes the identification of key risks that could potentially affect its strategy and business objectives. The purpose
hereof is to assess how big the risks are, both individually and collectively, in order to focus attention on the mostimportant threats and opportunities. Based on EBA guidelines, the key risks are categorized as follows:
7 Art. 435(1) CRR.

Adyen Transparency and Disclosure Report 2021|Page 9•••Strategic and business risk
Operational risk (including technology and integrity risks)
Financial risk (including credit risk, market risk, liquidity and funding risk)

For a more detailed description of the key risks as identified and assessed by Adyen, refer to the Section "Risk Factors"
within the Annual Report 2021. During the year Adyen also undertakes a multitude of specific, local and/or focused risk
analyses and assessments that complement the company-wide risk assessments. An example of a focused risk
analysis is the systematic integrity risk analysis (SIRA) which is performed at least annually.
Adyen has established a control environment that provides an appropriate foundation for achieving the company’s
objectives and effectively mitigating risks. Control activities are the policies and procedures that help ensure risks are
mitigated and Adyen's objectives are achieved. Adyen uses COSO’s internal control model as a reference for its
design, implementation and evaluation of control activities as part of a system of internal control.
Adyen has established a resilience framework, in which Adyen plans and organizes for its course of business undervarious operational and financial conditions. This is how topics such as operational business continuity management
and financial recovery are addressed. The resilience framework contains a number of focused contingency plans, suchthat these provide easily accessible and practical guidance when needed. During the COVID-19 pandemic, thebusiness continuity protocols allowed employees to continue their day-to-day activities while adjusting to the newnormal. Adyen’s staff was fully equipped to work remotely, and has been doing so without impact on Adyen’s ability toprocess payments. The business continuity response and recovery plans have been updated in 2021 with, amongst
others, the lessons learned from the COVID-19 lockdowns.

Review and revision
By reviewing its performance, Adyen evaluates how well the risk management components are functioning over time.
The Risk Committee plays a key role in supporting the Management Board with overseeing the effectiveness ofAdyen’s risk management. It carries out this role by monitoring Adyen's risk profile against the risk appetite, which isan ongoing and iterative process supported by the risk management function. A framework of risk limits and early
warning indicators supports this process. Any material risk limit breach that places Adyen at risk of exceeding its risk
appetite and, in particular, of putting at risk Adyen’s financial health, is escalated promptly to the Management Board.
Combinations of ongoing and separate evaluations are used to determine if the components of internal control arepresent and functioning effectively. The ongoing evaluations are built into Adyen’s business processes and provide
timely information. The separate evaluations, including independent management testing, are conducted periodicallyand may vary in scope and frequency depending on the risks and effectiveness of these ongoing evaluations. Any
identified deficiencies are discussed within the Risk Committee and reported to the Management Board along with
relevant findings, recommendations and remediation plans.8

Governance arrangements
Adyen’s governance sets the tone, reinforces the importance of, and establishes oversight responsibilities for risk
management. Adyen has established a governance which is consistent with the size, complexity and risk profile of thecompany. The risk governance structure is consistent for all risks relevant to Adyen, with specialist committees
supporting the Management Board. The Compliance Committee monitors Adyen’s integrity risks, the Disclosure
Committee is responsible for reviewing Adyen’s financial information for compliance with legal and regulatory
requirements prior to publication, the Merchant Risk Committee monitors the financial risks related to merchants andthe Risk Committee monitors all risk categories. The second line risk management function for (non-) financial risks(including market, credit and operational risk) is fulfilled by the Corporate Risk team.
Adyen’s governance9 is reflected in internal rules and regulations, including the Articles of Association (Statuten), theManagement Board By-Laws, the Supervisory Board By-Laws and the Terms of reference of our Supervisory Board
committees.
Figure 1 below outlines Adyen’s organizational structure and relation between the Supervisory Board and its
committees, the Management Board and the rest of the company.

8 Art. 435(2)(e) CRR.
9 Art. 435(2) CRR.

Adyen Transparency and Disclosure Report 2021|Page 10

Figure 1: Adyen's organizational structure

Board composition and directorships
Adyen maintains a two-tier board structure consisting of a Management Board and a Supervisory Board. The
Management Board is responsible for the day-to-day management, which includes, among other things, formulating
Adyen’s strategy and policies and setting and achieving Adyen’s objectives. The Supervisory Board supervises andadvises the Management Board. Each board is accountable to the General Meeting for the performance of its duties.
Management Board
Per April 1,2021 Mariëtte Swart also heads up both Security and Corporate Risk in her position as Chief Legal andCompliance Officer (CLCO), following Management Board approval. Until this date, Ingo Uytdehaage (CFO) had
assumed the responsibilities for risk management, while Mariëtte Swart had assumed the responsibilities for security.
Arnout Schuijff stepped down as Chief Technology Officer (CTO) as per January 1, 2021. Alexander Matthey has takenover the position of CTO after approval of shareholders during the Extraordinary General Meeting held on February 12,2021.
In performing their duties, the Managing Directors are required to be guided by the best interests of Adyen and thebusiness connected thereto, taking into consideration the interests of Adyen’s stakeholders. This is documented in
Adyen’s Conflict of Interest Policy.
Adyen’s Management Board is composed of the following six members:
Pieter van der Does is the CEO of Adyen and has been a member of the Management Board since 2007. He spentover 15 years working in the payments industry. Before co-founding Adyen in 2006, Pieter van der Does was CCO at
Bibit (a pioneering international payment service provider, acquired by the Royal Bank of Scotland in 2004). Pieter also
serves as a Supervisory Board member of Écart Invest B.V.
Roelant Prins is the CCO of Adyen and has been a member of the Management Board since 2009. Roelant Prins is
responsible for the commercial activities of Adyen. After starting his career as a consultant, he moved to the online

Adyen Transparency and Disclosure Report 2021|Page 11

payments industry early 2000. Throughout the years, Roelant has held various international management roles in sales
and business development for companies providing payment solutions to international e-commerce businesses.
Ingo Uytdehaage is the CFO of Adyen and has been a member of the Management Board since 2011. He has earned
his MBA in accounting and finance from Maastricht University and studied supply chain management andorganizational behavior at the Aarhus Business School in Denmark. Additionally, Ingo Uytdehaage obtained his CPA at
the Vrije Universiteit in Amsterdam. Prior to joining Adyen, Ingo was a Finance Director at KPN. Currently, he also
serves as non-executive director on the board of Wise PLC.
Kamran Zaki was appointed as the COO of Adyen and a member of the Management Board per January 1, 2020.
Kamran Zaki is responsible for the operations to customers that make use of Adyen’s platform. Previously, Kamran
was the President of Adyen North America since 2014, and in this capacity, he oversaw all North American operations,
including sales, marketing, product development and customer support. Prior to Adyen, Kamran was the Head of
Global Payments at Netflix where he helped expanding the Netflix streaming service. Previously, he spent seven years
at PayPal. During his tenure there, he headed up payments teams across Europe, North America and Emerging
Markets (i.e. LatAm, Middle East and Africa).
Mariëtte Swart was appointed as the CLCO of Adyen and a member of the Management Board per January 1, 2020.
Before joining the board, Mariëtte Swart served as Adyen’s General Counsel and Company Secretary since 2015. She
has built the legal team from the ground up, ensuring that the legal function effectively supports the business at a
strategic and operational level. Prior to Adyen, Mariëtte worked at an international law firm where she gained a vast
experience in global financial services, helping companies with products in payments, debt and equity solutions, M&A
and financial markets.
Alexander Matthey is the CTO of Adyen and has been appointed as a member of the Management Board as of 1
January 2021. Prior Alexander Matthey has been fulfilling the position of EVP Technology at Adyen, leading multiple
technical teams. In this capacity, as well as his position in the engineering leadership team, he gained knowledge inscaling and building teams. Before joining Adyen in 2015, Alexander was Vice-President and CTO of Glossybox, where
he gained experience in managing and leading the technology department.
NameYear of birth

Nationality

GenderPosition

Member since

Term

Pieter van der Does

1969

NL

Male

CEO

July 6, 2007

June 2022
June 2022

Roelant Prins

1975

NL

Male

CCO

September 9,
2009

Ingo Uytdehaage

1973

NL

Male

CFO

June 1, 2011

June 2025

Kamran Zaki

1973

US

Male

COO

January 1, 2020

January 2024Mariëtte Swart

1980

NL

Female

CLCO

January 1, 2020

January 2024

CTO

February 12,
2021

February
2025

Alexander Matthey

1981

DE

Male

Table 3: Composition of the Management Board

Supervisory Board
The Supervisory Board supervises the conduct and policies of the Management Board and the general course of
affairs of Adyen and its business. The Supervisory Board also provides advice to the Management Board. In
performing their duties, the members of the Supervisory Board are required to be guided by the interests of Adyen
which includes the interests of the business connected to it. These interests are driven by Adyen’s focus on long-termvalue creation and the way in which this is implemented in Adyen’s strategy and culture.
Throughout the year, four Supervisory Directors — Piero Overmars (Chair), Delfin Rueda, Pamela Joseph and Caoimhe
Keogan— were considered to be independent from the company. One Supervisory Board Director, Joep van Beurden,
has acted as an advisor to Adyen in the years preceding his appointment in 2017, and is therefore considered not to be
independent. The Supervisory Board is, as a body, independent.
Adyen’s Supervisory Board is composed of the following five members.
Piero Overmars serves as a member of the Management Board of Stichting Continuiteit PostNL and as a member of
the Supervisory Board of Dura Vermeer Group N.V. and Dutch Organic International Trade B.V. Previously, he served
as a member of the Management Board of Randstad Beheer B.V. and was Chairman of the Supervisory Boards of
Nutreco and SNS Reaal, and member of the Supervisory Board of Amsterdam UMC. He also served as President of
the Nyenrode Foundation, following an extensive career at ABN Amro that culminated in a Board Member position.
Piero Overmars holds an MBA from Nyenrode Business University.

Adyen Transparency and Disclosure Report 2021|Page 12

Delfin Rueda Arroyo serves as CFO and Vice-Chair of the Executive Board and Management Board of NN Group, andis a member of the Supervisory Board of Allfunds Bank S.A.U. and Allfunds Group plc. Previously, he was CFO andmember of the Management Board of ING Insurance, following an extensive career at Andersen Consulting, UBS, JP
Morgan and Atradius. Delfin Rueda Arroyo holds a master degree in Economic Analysis and Quantitative Economics
from the Complutense University of Madrid (Spain). He also holds an MBA from the Wharton School, University ofPennsylvania (USA).
Joep van Beurden is CEO and member of the Executive Board of Kendrion and member of the Supervisory Board of
the Twente University of Technology (the Netherlands). In addition to these positions, Joep serves as a member of theAdvisory Board of PlantLab. Previously, he served as CEO of CSR Plc. (UK) and NexWave Inc. (France), following acareer at Royal Dutch Shell, McKinsey, Philips and Canesta Inc. Joep van Beurden holds a degree in Applied Physics
from Twente University of Technology.
Pamela Joseph is CEO and member of the Management Board of Clearent, holds a position as Chair of the Board of
Directors of TransUnion and is a non-executive member in the Board of Directors of Paychex. In addition to these
positions, Pamela serves as Operating Partner at Advent International. Previously, she served U.S. Bank corp. Payment
Services as a Vice-Chairman, and prior to that Elavon as President and COO. She started her career at Wells Fargo
Bank and VISA International. She holds a degree in Business Administration from the University of Illinois (USA).
Caoimhe Keogan serves as CPO (Chief People Officer) for Aveva Group plc. Previously, she served as Chief People
Officer for Moneysupermarket Group plc, and as SVP People, Places & Community at SoundCloud. Prior to theseroles, she was Senior HR Business Partner at Google. Caoimhe Keogan holds a degree in Occupational Psychology
from Queen’s University Belfast (UK).

Board recruitment and diversity policy
The Articles of Association provide that the Management Board shall consist of two or more members and that theSupervisory Board determines the exact number (more than two) of Managing Directors after consultation with theManagement Board.
The General Meeting appoints Managing Directors upon a nomination by the Supervisory Board in accordance with
the Articles of Association. The Supervisory Board shall make one or more nominations to the General Meeting in casea Managing Director is to be appointed.
In the event that the Supervisory Board has made a nomination, the resolution of the General Meeting to appoint suchnominee shall be adopted by an absolute majority of the votes cast. A resolution of the General Meeting to appoint aManaging Director other than in accordance with a nomination of the Supervisory Board, but in accordance with theagenda for such General Meeting, shall require a majority of two thirds of the votes cast representing more than half of
the Company's issued share capital. However, the General Meeting may at its discretion appoint a Managing Director
other than upon the nomination of the Supervisory Board, provided that a proposal to appoint such other person has
been put on the agenda of the relevant General Meeting.
Adyen is a licensed credit institution, which means that any appointment of a Managing Director must be approved by
DNB. In connection with its approval procedure, DNB will test the proposed new Managing Director on integrity(betrouwbaarheid) and suitability (geschiktheid).
The Supervisory Board aims for a balance in its composition with respect to age, experience and affinity with thenature and culture of the business of Adyen in all countries where it is active. Caoimhe Keogan has been appointed as
Supervisory Director in the Extraordinary General Meeting which was held on February 12, 2021. Post appointment,
the management body is in line with the Company’s Inclusion Policy and the Dutch Parliament’s adoption of the SER’sguideline on Supervisory Board composition.

Risk management committees
The Management Board has instituted committees to support with its risk management oversight: the Compliance
Committee, the Disclosure Committee, the Merchant Risk Committee, and the Risk Committee. The Compliance
Committee monitors Adyen’s integrity and compliance risks, the Disclosure Committee is responsible for reviewing
Adyen's financial information for compliance with legal and regulatory requirements prior to publication, the Merchant
Risk Committee monitors the merchants’ potential liability (MPL) risk and the Risk Committee monitors the overall risk
profile.
The Risk Committee and the Compliance Committee report their observations, recommendations and deliberations
on findings regarding compliance, risk management and internal control at least quarterly to the Management Board.

Adyen Transparency and Disclosure Report 2021|Page 13

The Risk Committee held five meetings during 2021. The Management Board reviews reports from control
assessments made on the operating effectiveness of systems and controls, acts on recommendations from the Risk
and Compliance Committees and decides on corrective actions. The Management Board reports to the Audit & Risk
Committee on the effectiveness of Adyen's risk management and internal control systems during the quarterly Audit &Risk Committee meetings.

Adyen Transparency and Disclosure Report 2021|Page 14

Disclosures on Pillar I
Within the CRR and CRD framework, Pillar I lays down the minimum capital requirements for the main components ofthree major components of risk that a traditional bank faces. These risks are credit, market and operational risk. As at
31 December 2021, Adyen’s total risk exposure amount is EUR 2.6 billion. This results in a Pillar I capital requirementof EUR 208.1 million. When including the capital conservation buffer and countercyclical capital buffer, the Pillar 1
capital requirement equals EUR 273.3 million. Adyen’s CET1 capital at year-end totals to EUR 1,676 million, including
the H2 2021 net result.
Adyen is also subject to leverage and liquidity requirements as well as reporting requirements on asset encumbrance.
The following section provides more detail on Adyen’s requirements as laid down in Pillar I.

CapitalFor regulatory purposes, capital10 is defined as own funds, which can be subdivided in Common Equity Tier 1 (CET1),
Additional Tier 1 and Tier 2. Adyen only holds Common Equity Tier 1 capital.
Common Equity Tier 1 capital comprises IFRS equity, but after considering prescribed prudential filters anddeductions. Table 5 provides a reconciliation of Adyen’s own funds with Adyen’s capital according to the IFRS
definition.11 Annex EU CC1, describes the main features of this Common Equity Tier 1 capital.
CET1 capital as at December 31, 2021
IFRS equity

1,810,414

Of which: share premium

335,725

Of which: paid up capital310

Of which: retained earnings

1,336,922

Of which: other reserves

137,457

Adjustments due to prudential filters and deductions(134,604)

Intangible assets(9,841)

DTA that rely on future profitability and do not arise from temporary
differences(99,084)

Warrant reserve(25,575)

Prudent valuation(104)

Total Common Equity Tier 1 Capital 12

1,675,810

Table 5: EU CC2 - Reconciliation between IFRS equity and own funds (in EUR ‘000)

Prudential filters and deductions
Prudential filters and deductions remove or reduce certain elements from Adyen’s own funds that are considered not
to be eligible to absorb losses. The amounts related to these prudential filters and deductions are shown in table 6.
Prudential filters
Adyen applies an additional value adjustment due to the requirements for prudent valuation as a prudential filter to its
Common Equity Tier 1 capital. Institutions are required to calculate an additional value adjustment in order to adjust
the fair value to a prudent value for all assets measured at fair value.13 The additional value adjustment must be
deducted from Common Equity Tier 1 capital. Adyen has two financial instruments on the balance sheet that aremeasured at fair value, and subject to this additional value adjustment, which are VISA shares and a derivative financial
liability from a merchant contract. Part of the derivative financial liability was prospectively de-recognized and theresulting new equity instruments recognized at fair value in equity as warrant reserve. These were the first two

10 Art. 437 CRR.
11 Annex EU CCA contains the relevant rows of the ‘Own funds disclosure template’ as laid down in ITS (EU) 1423/2013.
12 No restrictions ex. Art. 437(e) CRR were applied to the calculation of own funds.
13 Art. 34 and 105 CRR.

Adyen Transparency and Disclosure Report 2021|Page 15

tranches, of which one tranche was exercised during 2021. The remaining tranche is represented by a warrant reservein equity for the amount of EUR 25.6 million.
Deductions
Adyen also applies the following deductions to its Common Equity Tier 1 capital:
Intangible assets other than goodwill
Deferred tax assets that rely on future profitability and do not arise from temporary differences
Warrant reserve
Net profit not included in CET1 Capital (not yet eligible profit)
As of December 31, 2021, Adyen’s total Common Equity Tier 1 Capital amounted to EUR 1,676 million.

Capital requirements
Adyen applies the standardized approaches to determine its regulatory minimum capital for credit and market andapplies the Basic Indicator Approach for operational risk. Resulting from Adyen’s business model, capitalrequirements for operational risk are most substantial.

Credit risk
Credit risk originates from the possibility that a counterparty will not settle the full value of an obligation — neither
when it becomes due, nor thereafter. Adyen is and will continue to be subject to the risk of actual or perceived
deterioration of the commercial and financial soundness, or perceived soundness, of merchants and other financial
institutions, in particular in relation to receivables from financial institutions regarding settled payment transactions,and cash and cash- equivalents held at financial institutions. In addition, Adyen has credit risk on certain contract
assets and from offering merchants a pre-financing service, which it refers to as Sales Day Payout. Adyen has noderivatives or securities financing transactions, nor positions in securitizations.
At 31 December 2021, Adyen’s total credit exposures amounted to EUR 5.8 billion, resulting in total risk-weighted
exposures of EUR 972.0 million and an own funds requirement of EUR 77.8 million. The majority of Adyen’s exposures
have a short-term duration, with residual maturities of days. Furthermore, Adyen is aware of the concentration of its
exposures, most notably on partner banks, which is reflected in its Pillar II add-on for concentration risk.
Annex EU CR4 provides an overview of Adyen’s credit risk exposures, showing both the on- and off-balance sheet
exposures as per 31 December 2021, the total amount of risk-weighted exposures and the RWA density of each asset
class. Additionally, Annex EU CR5 discloses on the distribution of each asset class exposure across risk-weights.
Credit risk mitigation
Credit risk mitigation techniques can be used to reduce the credit risk associated with its exposures. Overall, Adyen
performs on-balance sheet netting when it has a legal right to off-set and the intention the settle, in line with IFRS.
As a credit risk mitigation technique, Adyen employs off-balance sheet netting in one occasion. This regards anenforceable master netting arrangement with one of its foreign counterparties that allows offsetting in the event ofdefault, collateralized by a debt security issued by a central government that has a credit assessment of an external
credit rating agency14. The collateral is valued at market value and risk weighted at 10% as an exposure to central
governments. As of year-end 2021, the total exposure to this counterparty was EUR 105.7 million, of which 39.1 million
is secured by collateral. Annex EU CR3 discloses Adyen’s use of credit risk mitigation techniques.
Credit risk quality and adjustments
Adyen applies the following definitions regarding the credit quality of its exposures15.
Past due: when an exposure is due for more than 1 day;In default: when an exposure is past due more than 90 days or the counterparty is considered unlikely topay, in line with the definition of default of CRR Art. 178. Adyen considers this to be a conservative
approach as the receivables subject to default fully consist of trade receivables;
Impaired: when an exposure is deemed non-collectable;
Non-performing: when an exposure is in default or impaired.
Adyen assesses the expected credit loss associated with its debt instruments carried at amortized cost on a forwardlooking basis. The impairment methodology applied depends on whether there has been a significant increase in
14 Art. 453 CRR.
15 Art. 442(a) CRR.

Adyen Transparency and Disclosure Report 2021|Page 16credit risk. For trade receivables and contract assets, Adyen applies the simplified approach, which requires expected
lifetime losses to be recognized from initial recognition of the assets.16
At reference date, Adyen had EUR 14.4 million of non-performing exposures17, for which it has provisioned EUR 4.4
million as a general credit risk adjustment.
Annex EU CR1, EU CR1-A, EU CQ3, EU CQ4 and EU CQ5 disclose further information on exposure amounts that are
non-performing, in default and subject to impairment. Most of these exposures are due from corporates and represent
invoices for payment services that were not collected via transaction flows (i.e. trade receivables).
Use of External Credit Assessment Institutions
Adyen applies ratings from External Credit Assessment Institutions18 (ECAIs) to determine the risk weight of an
exposure. With respect to its rated exposures, Adyen by default uses Moody’s whenever it has a rating available. Onlyin the case that no rating of Moody’s is available, Adyen uses a rating provided by Fitch or Standard and Poor’s. Adyen
therefore does not cherry-pick its ratings. In order to determine the risk weight of an exposure, a rating is converted
into the corresponding credit quality step based on the standard association as published by the EBA.19 Adyen uses
ECAIs in order to determine the risk-weight of exposures belonging to the following three exposure classes:
Central governments or central banks
Institutions
Corporates
Exposures to unrated counterparties are by default 100% risk weighted, in line with CRR Art. 122(2). Unrated
institutions are risk weighted in accordance with CRR Art. 121. Adyen applies the standard association published by
the EBA for connecting the ratings to the credit quality steps as set out in CRR, which is summarized in table 6 below.
Moody’sassessments

Sovereigns – risk
weightInstitutions – risk
weightCorporates - risk
weight1

Aaa to Aa3

0%

20%

20%

2

A1 to A3

20%

20%

50%

3

Baa1 to Baa3

50%

20%

100%

4

Ba1 to Ba3

100%

50%

100%

5

B1 to B3

100%

50%

100%

6

Caa1 and below

150%

150%

150%

Credit quality step

Table 6: Mapping of credit ratings to the applicable risk weights, in line with CRR II

Equities in the banking bookAdyen’s exposure to equities in the banking book arises from a holding of convertible preferred Visa shares. Adyen
obtained these shares as the result of its previous holding in Visa Europe, which subsequently was acquired by Visa
Inc., and resulted, amongst others, in Adyen being issued shares of Visa Inc. as consideration for the acquisition.
The remaining Visa shares are stated at fair value for EUR 22.5 million, which is based on the fair value of Visa Inc.
Series C common stock, adjusted for lack of marketability, multiplied by an initial conversion rate of preferred stock
into common stock. These shares have no stated maturity and carry the right to receive discretionary dividend
payments. Due to a restriction on transfer, the remaining Visa shares cannot be freely traded. No conversion ofpreferred stock took place in 2021.
Furthermore, the effect of the Visa shares on other financial results is a net gain of EUR 1.4 million (2020: net loss of
EUR 59 thousand) relating to an exchange gain of EUR 1.7 million (2020: loss of EUR 1.1 million) and fair value loss of
EUR 322 thousand (2020: gain of EUR 1.0 million).
As per 31 December 2021, the total exposure value of equities in the banking book amounted to EUR 22.5 million,
resulting in an own funds requirement of EUR 1.8 million. Exposures relating to equities are perpetual.
16 Art. 442(b) CRR.
17 As of 1 January, 2021, the new guidelines on the definition of default (EBA/GL/2016/07) entered into force, which specify thresholds for institutions to recognize
defaulted exposures. As a result, Adyen’s defaulted exposures are now recognized under the credit risk framework. Thus, the recognition of defaulted exposures ispurely due to a regulatory change rather than a change to Adyen’s non-performing exposures.
18 Art. 444 CRR.
19 ITS (EU) 2018/634.

Adyen Transparency and Disclosure Report 2021|Page 17

Market risk
Market risk20 comprises price risk from financial instruments, interest rate risk, foreign-exchange risk and commodities
risk. Adyen does not hold trading book items and has no commodity positions. The interest rate risk is minor as all
liabilities are non-interest bearing and interest rate effects on assets (own cash balances or held at money market
funds) are limited. Adyen has no appetite to add new equity positions to its balance sheet next to the current VISA
shares that have been described in the section ‘Equities in the banking book’. Therefore, the main market risk to Adyen
is the foreign-exchange risk resulting from the cash it holds as part of its international operations, and some longerterm non-cash balance sheet positions that are non-euro.
Adyen applies the standardized approach in order to calculate its own funds requirements for market risk. Adyen’s
total risk exposure amount for market risk is EUR 256 million resulting in an own funds requirement of EUR 20.5
million.
Foreign-exchange risk
The strengthening or weakening of the euro impacts the translation of Adyen's net revenues generated from its
international operations that are denominated in foreign currencies into the euro. Additionally, in connection with
providing its services in multiple currencies, Adyen generally sets its foreign-exchange rates once per day. Adyen may
face financial exposure as a result of fluctuations in foreign-exchange rates between the times that Adyen sets them.
Given that Adyen also holds some merchants' and own funds in non-euro currencies, its financial results are affectedby the translation of these non-euro currencies into euro. Whilst Adyen has measures in place intended to manage its
foreign-exchange risk (i.e. natural hedges and spot trades for any net open positions), no assurance can be given thatfluctuations in foreign-exchange rates will nevertheless have a significant impact on Adyen's results of operations.
Adyen is exposed to foreign-exchange risk on its assets and liabilities denominated in currencies other than thefunctional currency, including certain contract assets, its holding of Visa shares and the assets and liabilities of its
subsidiaries. The majority of these assets through which Adyen is exposed to foreign currency risk are denominated in
US dollar.

Operational risk
Adyen recognizes that operational risks21 are associated with achieving its business objectives. Operational risk
concerns the risk of losses resulting from inadequate or failed internal processes, people and systems or from external
events. Adyen has therefore implemented an internal control framework that is designed to manage the risks
effectively and efficiently and to provide reasonable assurance that objectives can be met. The operational risks thatare most material to Adyen are outlined below.
Merchants’ potential liability for shopper chargebacks
When shoppers claim that a merchant has not performed, the issuing banks can file chargebacks. Adyen seeks tooffset such chargebacks with the payouts to the merchants, but may not be able to succeed in full. While Adyen has
implemented risk mitigation, including withholding funds from the payouts to its merchants, based on assumptions
and estimates that Adyen believes are reasonable to cover such eventualities, the measures, including the withheld
funds, may not be sufficient to cover for the complete chargeback amounts.
Availability of products and services
Adyen's systems and those of its third-party service providers, including data center facilities and communication
networks, have experienced service interruptions in the past and may experience significant service interruptions in the
future. Frequent or persistent interruptions in Adyen's services could cause current or potential merchants to believethat its systems are unreliable, leading them to switch to a competitor or to avoid Adyen's products and services.
Moreover, to the extent that any system failure or similar event results in damages to Adyen's merchants or theirbusiness partners, these merchants or partners could seek significant compensation or contractual penalties from
Adyen for their losses, which, even if unsuccessful, could likely be time-consuming and costly for Adyen to address.
Furthermore, frequent or persistent interruptions could lead to regulatory scrutiny, significant fines and penalties,
and/or mandatory and costly changes to its business practices, or could ultimately cause Adyen to lose its regulatory
licenses.
Information security
Adyen and its merchants, partners and others who use its services, obtain and process a large amount of sensitive
data. Adyen's and its partners' IT systems may be vulnerable to physical and electronic breaches, computer viruses
and other attacks by cyber-criminals, internet fraudsters, employees or others, which could lead to, amongst otherthings, a leakage of merchants' data, damage related to incursions, destruction of documents, inability or delays in
20 Art. 445 CRR.
21 Art. 446 CRR.

Adyen Transparency and Disclosure Report 2021|Page 18

processing transactions and unauthorized transactions. Any real or perceived privacy breaches or improper use of,disclosure of, or access to such data could harm Adyen's reputation as a trusted brand in the handling and protectionof this data. Although Adyen carries cyber liability insurance that Adyen believes to be reasonable to cover such
eventualities, it may be possible that the insurance is insufficient to cover all losses.
Data privacy
Adyen is subject to complex and evolving Dutch, European and other jurisdiction's laws, rules, regulations, orders anddirectives (referred to as "privacy laws") relating to the collection, use, retention, security, processing and transfer of
personally identifiable information about its merchants, their shoppers, third parties and others and their transactionsin the countries where Adyen operates. Much of the personal data that Adyen processes, especially financial
information, is regulated by multiple privacy laws and, in some cases, the privacy laws of multiple jurisdictions. In manycases, these laws apply not only to third-party transactions, but also to transfers of information between or among
Adyen and its subsidiaries. Any failure, or perceived failure, by Adyen to comply with its privacy policies or with any
applicable privacy laws in one or more jurisdictions could result in proceedings or actions against Adyen by
governmental entities or others, including class action privacy litigation in certain jurisdictions, significant fines,
penalties, judgments and resulting reputational damage.
Entrepreneurial culture
Adyen's entrepreneurial culture has been one of the primary drivers of its historical growth. As Adyen grows, it may not
be able to maintain its entrepreneurial company culture, which fosters innovation and talent. The working from home
restrictions due to the pandemic add to the challenge of maintaining, transferring and fostering the right company
culture. If Adyen does not successfully manage its growth, and is not able to differentiate its business from those of its
competitors, drive value for and retain merchants, or effectively align its resources with its goals and objectives, Adyen
may not be able to compete effectively against its competitors, leading to declining growth and revenues.
TalentAdyen's future performance depends substantially on the continued services of key talent and its ability to attract,
retain, and motivate such talent. The loss of the services of any of Adyen's key talent or Adyen's inability to attract
highly qualified key talent may adversely affect its operations.
Integrity
Integrity risk is the risk of inappropriate behavior of management and employees or third parties (merchants, suppliers,
advisers) posing a current or future threat to Adyen and/or the proper functioning of the financial system, that can be
attributed to Adyen or in which Adyen acts imputable. Such inappropriate behavior could refer to violations of law,regulations, internal policies, and market expectations of ethical business conduct. If Adyen (or a third party it does
business with) fails to comply with laws and regulations, or market expectations of ethical business conduct,
supervisory authorities may initiate legal and regulatory proceedings against Adyen.
Adyen has policies and procedures that it believes are sufficient to comply with the relevant anti-money laundering,anti-corruption and sanctions rules and regulations. Inability to prevent integrity risks from materializing can havesevere consequences, including litigation, sanctions, administrative measures, fines, criminal penalties andreputational consequences.
Tax and tax reporting
Social tolerance for tax avoidance is decreasing and international developments have led to the introduction of stricter
regulations around tax avoidance. Adyen has a low risk appetite to be involved in activities aimed at evasion or
avoidance of tax regulations by itself or third parties through the provision of its services. The determination of Adyen's
worldwide position for income taxes, value-added taxes and other tax liabilities requires clear processes and controls
by which Adyen aims to automate as much as possible as to reduce the amount of manual intervention. Adyen's
determination of its tax liability is always subject to audit and review by applicable domestic and foreign tax authorities.
Any adverse outcome of any such audit or review could have a negative effect on Adyen's business and the ultimate tax
outcome may differ from the amounts recorded in its financial statements.
Basic indicator approach
Adyen applies the basic indicator approach in order to calculate its own funds requirements for operational risk under
Pillar I. Under the basic indicator approach, the own funds requirement for operational risk is equal to 15% of theaverage over three years of the relevant indicator. The relevant indicator refers to the sum of several elements within
the profit and loss statement of the institution.
Adyen’s total risk exposure amount for operational risk is EUR 1,372 million resulting in an own funds requirement of
EUR 109.8 million. Annex EU OR1 discloses on the calculation of the own funds requirement for operational risk.

Adyen Transparency and Disclosure Report 2021|Page 19

Combined buffer requirements
On top of its capital requirement for credit, market and operational risk, Adyen is subject to macro-prudential capital
buffer requirements. These buffer requirements aim to mitigate economic pro-cyclicality by acting as shock absorbers
in times of stress. For Adyen, only the capital conservation buffer and the countercyclical capital buffer apply. The
combination of all capital buffers constitutes the combined buffer requirement.

Capital conservation buffer
The capital conservation buffer requires banks to hold up to 2.5% of a bank’s total exposures in CET1 capital to avoid
breaches of minimum capital requirements during periods of stress when losses are incurred. The capital conservationbuffer rate can be set by the national competent authority, as set out in CRD V. In Adyen’s case the rate is set by DNB
and currently amounts to a 2.5% buffer requirement. At 31 December 2021, Adyen’s capital conservation buffer
requirement was EUR 65.0 million.

Countercyclical capital buffer
Adyen is subject to an institution specific countercyclical buffer22 requirement. The geographical distribution ofAdyen’s credit exposures relevant for the calculation of the countercyclical capital buffer is shown in Annex EU CCyB1.
The institution-specific countercyclical capital buffer rate for Adyen is 0.01%, which amounts to an institution-specificcountercyclical capital buffer requirement of EUR 296 thousand, which is presented in Annex EU CCyB2.

Leverage
Leverage means the relative size of an institution’s assets and off-balance sheet obligations as compared to theinstitution’s own funds.

Leverage ratio
The leverage ratio23 is a monitoring method used to assess the risk of excessive leverage within institutions. It isdefined as Tier 1 capital divided by a non-risk-based measure of the on- and off-balance sheet asset positions. By
restricting the build-up of leverage, the leverage ratio aims to avoid destabilizing deleveraging processes that candamage the broader financial system and the economy.
Previously, the leverage ratio was solely a reporting and disclosure requirement. However, the Banking Package
introduced a binding 3% leverage ratio that became applicable as of 28 June 2021.
As per 31 December 2021, Adyen has a leverage ratio of 29.4% (2020: 26.2%). Annex EU LR1, EU LR2 and EU LR3provide a break-down of Adyen’s leverage ratio and the CRR leverage ratio exposures by asset class. The developmentof the leverage ratio over 2021 can be attributed to a steeper increase in CET1 capital relative to the leverage ratio
exposure growth, which are due to the addition of 2021 net result and overall balance sheet growth respectively.
Adyen does not operate a business model that centers around balance sheet transformation and as such theprocesses used to manage the risk of excessive leverage focus primarily on monitoring of the ratio itself and inclusionof the ratio in scenario modeling.

Asset Encumbrance
An asset is encumbered if it has been pledged or if it is subject to any form of arrangement to secure, collateralize or
credit enhance any transaction from which it cannot be freely withdrawn.
Adyen has a limited amount of encumbered assets in the shape of restricted cash which is therefore not available forgeneral use by the company. Of the cash held at banks, other than central banks, EUR 19.7 million is restricted. The
restricted cash mainly relates to deposits required under the US Federal Foreign Branch license as well as deposits
held as guarantee for leased offices. Furthermore, Adyen has EUR 8.9 million other encumbered assets which
represent other deposits, including lease deposits. Adyen’s total encumbered assets amounts to EUR 28.6 million24.
Annexes EU AE1, EU AE2 and EU AE3 provide further detail on the encumbered and unencumbered assets.

Liquidity and funding
Pillar I includes requirements with respect to short-term liquidity in the form of the Liquidity Coverage Ratio (LCR) andmedium-term liquidity (funding risk) in the shape of the Net Stable Funding Ratio (NSFR)25.
22 Art. 440 CRR.
23 Art. 451 CRR.
24 Art. 443 CRR.
25 Art. 451a CRR.

Adyen Transparency and Disclosure Report 2021|Page 20

Liquidity Coverage Ratio
Adyen calculates its LCR in line with the relevant Delegated Act. Adyen takes aspects of currency convertibility andencumbrance into account. The LCR is calculated as High Quality Liquid Assets (HQLA) relative to the net liquidity
outflows over 30 days. The Delegated Act prescribes that the LCR is to be higher than 100%, with a Liquidity Survival
Period of at least 6 months.
Adyen’s HQLA (liquidity buffer) consists of cash held at central banks and money market funds invested in USgovernment instruments. Net liquidity outflows are calculated as the net of cash inflows and outflows, though subject
to a 75% cap on inflows. The LCR of Adyen per 31 December 2021 is 5,746% with a survival horizon of 48 months,
meaning that Adyen is fully compliant with the liquidity requirements set out in the LCR DA.
Annex EU LIQ1 provides more detail on the build-up of Adyen’s LCR as well as presents quarterly averages of thebalances in scope. The development of the LCR over 2021 can be attributed to the increase in cash held at central
banks and money market funds (HQLA) relative to the increase in net liquidity outflows, which at Adyen is mainly driven
by an increase in reserves held on behalf of merchants to cover for refunds and chargebacks.
It should be noted that Adyen has proposed a refined LCR approach that applies LCR DA Art. 26 on interdependent
inflows and outflows, and is agreeing this approach with the Dutch prudential supervisor. After implementation of themethodology the LCR is projected to be below current levels, but still considerably above external and internally set
minima.

Net Stable Funding Ratio
Under CRR II, Adyen needs to comply with a 100% Net Stable Funding Ratio (NSFR) requirement starting from 28
June 2021 under Pillar I. Prior to that date Adyen already monitored and reported on this ratio.
The NSFR looks at medium-term liquidity risk (funding risk) and assesses the ability of Adyen to fund its upcoming
activities by applying quality weights reflecting liquidity characteristics to sources of funding as well as to exposuresthat require funding. The weights applied are set out in CRR II Art. 428 and differ per type of Available Stable Funding(ASF) and Required Stable Funding (RSF).
Adyen’s NSFR per 31 December 2021 is 284% (2020: 253%). It should be noted that with the introduction of thebinding NSFR requirement in June 2021, the approach for weighting ASF and RSF was revised, resulting in a lower
NSFR. For this reason, the year-on-year increase in the NSFR during 2021 cannot be compared like-for-like.
Nevertheless, under both NSFR methods the improvement of the ratio is attributable to an increase in Adyen’s CET1
capital (ASF). Annex EU LIQ2 further discloses on the build-up of Adyen’s NSFR for the reporting period.

Liquidity risk management
Adyen operates a business model in which it has deployed structural measures, strategies and processes to mitigate
liquidity risk. In general, Adyen only has a payment obligation to fulfil towards their merchants when the funds from theschemes and payment methods are settled to Adyen’s bank account. In situations of exception to this rule, additionalliquidity risk mitigating measures are in place. Adyen is self-funding and holds sufficient own cash reserves to meet its
own short- and longer-term liquidity needs.
Adyen’s short-term liquidity management is set up to ensure funds are available in the right legal entity, bank account,
country, currency, and at the right moment in time to fulfil Adyen’s contractual payment obligation to its merchants.
This is established by managing cash and FX positions on a daily basis with dedicated teams. Adyen does not apply
synthetic hedging to manage its liquidity or connected risks.
Adyen operates a single, global payments platform which allows for centralized liquidity risk management supported
by global policies. Liquidity needs at individual legal entities are limited, but if these arise, these are addressed by thecentral Treasury team.
As a technology company that relies heavily on availability and continuance of services, liquidity aspects are part ofcontinuity scenario exercises and resilience plans. Adyen plans for both operational as well as financial origins of stress– and if at all relevant – it monitors the relevant liquidity metrics across the stress horizon.
As stated in the concise risk statement, the liquidity risk management systems put in place are adequate with regard to
the institution’s profile and strategy. Given Adyen’s business model and structural measures in place, liquidity risk islimited. Adyen assesses that additional metrics as put forth in article 451a(4) next to the disclosed metrics in EU LIQ1
and EU LIQ2 do not contribute to a better understanding of the liquidity risk profile of Adyen.

Adyen Transparency and Disclosure Report 2021|Page 21

Disclosures on Pillar II
Pillar II sets out mandatory processes for institutions and supervisors to fulfill capital adequacy and liquidity adequacy
requirements. Adyen combines the assessment of these requirements within its ICLAAP report. This chapter
describes Adyen’s ICLAAP and specifically addresses interest rate risk in the banking book.

Internal capital and liquidity adequacy assessment process
Adyen has designed and implemented as well as maintains and monitors internal risk management and control
systems to identify and manage risks associated with its strategy and activities. Additionally, Adyen uses stress testing
to understand its financial resilience and to learn from its sensitivity to stress events. The stress scenarios that Adyen
defines are based on exceptional but plausible events with an adequate degree of severity. Threats and trends relevantto the management board are included. Stress testing is performed in accordance with EBA guidelines on stresstesting. The results from stress tests are used as input for fine-tuning Adyen's risk appetite, risk capacity and risk limits
as a feedback mechanism.
Assessing the adequacy of capital and liquidity is carried out on a continuous basis, but often for specific areas ofinterest. At a minimum, Adyen conducts an integral adequacy assessment once a year and reports on this to DNB via
its Internal Capital and Liquidity Adequacy Assessment Process (ICLAAP26). In 2021 the results showed Adyen has ahigh financial shock absorption capacity and adequate levels of capital and liquidity.

Interest rate risk in the banking bookInterest rate risk on financial instruments included in the banking book27 could arise from adverse movements inunderlying interest rates. Although significant liabilities towards the merchants are present, these liabilities are noninterest bearing and are settled at short notice. Adyen operates a fee-based business model inherently limiting IRRBB
exposure.
Adyen is exposed to interest rate risk in the banking book in relation to its cash held at central banks. However, cash
balances of Adyen are not significantly exposed to interest rate risk due to the fact that the cash is used to settle thecurrent liabilities towards the merchants at short notice. In line with the guidelines on the management of interest raterisk arising from non-trading book activities (EBA-GL 2018/02), Adyen has quantified the impact of interest rate
movements in its earnings as well as market value changes of its financial instruments and their direct effect on capital(EVE) for each significant currency. Only minor impacts can be expected. In conclusion, as a result of the nature of the
products on Adyen’s balance sheet, interest rate risk is considered to be minimal and capitalizing against this risk in
Pillar II would be unsuited.

26 Art. 438(a) CRR.
27 Art. 448 CRR.

Adyen Transparency and Disclosure Report 2021|Page 22

Remuneration
Adyen’s remuneration policy
The objective of Adyen’s remuneration policy is to recruit and retain the best talent worldwide by offering competitive
payment structures that take account of our strategy to focus on our merchants’ growth, changing the payment
landscape and having fun while doing so.
Adyen’s remuneration policies are consistent with, and promote, sound and effective risk management and are alwaysaligned with the strategy and Adyen Formula to create long-term value for our company and our merchants. As such,the remuneration policy does not contain incentives that exclusively benefit staff members themselves or encourage
improper risk-taking.
The remuneration policy is published on Adyen’s website. There have been no deviations from the policy or theprocedure for its implementation in the financial year 202128.

Remuneration principles
Adyen is committed to ensure equal pay between women and men. We value all perspectives, so we see no reason to
reward one more than the other – same role, same pay. Our annual equal pay audit is designed to safeguard same pay
and uphold this standard.
The size of an individual remuneration package is based on the scope of responsibilities, the employee’s experienceand performance, and the local market circumstances, which varies depending on country. Remuneration may consistof a base salary, share-related remuneration, pension entitlements and other emoluments. Certain employees’
remuneration may also include variable pay.
Adyen has the right pay mix in place to mitigate short-term orientation and contribute to the long-term performance ofthe company. This is specifically achieved by awarding staff members, including the Management Board, with (longterm) share-related remuneration. The purpose of the share-based payments is to put staff members in a financial
ownership-like position where shares are concerned and for them to obtain an economic interest in the pursuit ofAdyen’s long-term objectives such as sustainable growth, development, profitability, and financial success of Adyen.

Variable remuneration
Adyen observes the laws and regulations applicable to the company, which includes the remuneration regulations asprovided in the Act on Remuneration policy Financial Undertakings (Wet beloningsbeleid financiële ondernemingen)and the EBA Guidelines on Sound Remuneration Policies (EBA Guidelines) (the Remuneration Regulations). Adyen's
remuneration policy is in line with the Remuneration Regulations.
Employees may be rewarded with variable remuneration. Variable remuneration, if awarded, will at all times not exceed
the fixed to variable remuneration ratios as provided in the Remuneration Regulations. In accordance with theRemuneration Regulations, variable remuneration will be subject to hold back and claw back instruments. As novariable remuneration has been awarded to the members of the Management Board or the Supervisory Board in thefinancial year 2020, no variable remuneration has been adjusted or clawed back in accordance with these instruments.
The total global company-wide amount of variable remuneration awarded over 2021 was EUR 19,861,792 (2020: EUR
17,092,364) compared to total staff expenses of EUR 240,538,495 (2020: EUR 180,013,967).

Identified staff
In 2021 there were 26 employees (2020: 21) identified as “Identified Staff”, being staff that is considered to have amaterial impact on the risk profile of Adyen. Table 7 provides an overview of remuneration awarded to identified staff
over 2021, split into fixed and variable remuneration.

28 Art. 450 CRR.

Adyen Transparency and Disclosure Report 2021|Page 23

Management &Supervisory Board

All other

Total

11

15

26

3,523

3,938

7,461

241

-

241

Number of beneficiaries
Fixed remuneration
Cash based (in EUR ‘000)
Instrument based (in EUR ‘000)
Variable remuneration
Cash

-

1,093

1,093

Shares---Share-linked instruments

-

-

-

Other types

-

-

-

-

0.27

0.14

Ratio (variable to fixed)
Table 7: Quantitative information on remuneration

In 2021 there were three employees with a total annual remuneration (including employer pension contributions andany severance payments made) higher than EUR 1,000,000 but lower than EUR 1,500,000.

Nomination and Remuneration Committee
The Nomination and Remuneration Committee consist of three Supervisory Directors as determined by theSupervisory Board. The current remuneration policy for the Management Board and the Supervisory Board andremuneration of the Managing Directors and fees for the members of the Supervisory Board was adopted at theshareholders meeting on May 26, 2020.

Remuneration for the Management Board
The remuneration policy that applies to the Managing Directors is in line with the remuneration policy that applies toall staff. As such, the remuneration policy does not contain incentives that exclusively benefit Managing Directors
themselves.
As of 2018 and in line with (i) the Act on Remuneration Policies in Financial Enterprises (Wet beloningsbeleid financiële
ondernemingen), and (ii) the Guidelines on Remuneration Policies and Practices as formally adopted on 10 December
2010 by the Committee of European Banking Supervisors, Adyen does not award variable remuneration to theManaging Directors.
The remuneration of the Managing Directors is determined by the Supervisory Board with due observance of the
remuneration policy as adopted by the General Meeting. The Managing Directors do provide the Nomination andRemuneration Committee with their views with regard to the amount and structure of their own remuneration. In 2021
base salaries of the Managing Directors were increased with 3%, in line with the average salary increase of an Adyen
employee in 2020.
Compared to AEX companies, the Management Board’s remuneration is below the median of the benchmark. This
discrepancy is accepted for the current Managing Directors. To attract future Managing Directors, the remuneration
package for new Managing Directors may be adjusted to the market.
In line with the revised Dutch Corporate Governance Code, Adyen performed a scenario analysis and back-test on
Management Board remuneration. All scenarios resulted in the same outcome as the remuneration of the Managing
Directors is not linked to variable remuneration elements. The internal ratio of the Managing Directors’ remunerationand that of a representative reference group was determined. For this ratio, Adyen deems most relevant the total directcompensation of the CEO compared to the average total direct compensation of all Adyen employees worldwide. For
the CEO a ratio of 7:1 applies (2020: 7:1). For the other Managing Directors, a ratio of 6:1 applies (2020: 5:1).

Adyen Transparency and Disclosure Report 2021|Page 24

Annexes
Please note all annexes are denoted in EUR amounts, unless stated otherwise.

Annex OV1 – Overview of total risk exposure amounts
Template EU OV1 – Overview of total risk exposure amounts
Total risk exposure amounts(TREA)

Total own funds
requirements

a

b

c

31-Dec-21

30-Sep-21

31-Dec-21

1

Credit risk (excluding CCR)

971,969,688

1,014,938,447

77,757,575

2

Of which the standardised approach

971,969,688

1,014,938,447

77,757,575

3

Of which the Foundation IRB (F-IRB) approach4

Of which slotting approach

EU 4a

Of which equities under the simple risk-weighted approach5

Of which the Advanced IRB (A-IRB) approach

6

Counterparty credit risk - CCR

7

Of which the standardised approach8

Of which internal model method (IMM)

EU 8a

Of which exposures to a CCP

EU 8b

Of which credit valuation adjustment - CVA

9

Of which other CCR

10

Not applicable11

Not applicable12

Not applicable13

Not applicable14

Not applicable

15

Settlement risk

16

Securitisation exposures in the non-trading book (after the cap)

17

Of which SEC-IRBA approach18

Of which SEC-ERBA (including IAA)

19

Of which SEC-SA approach

EU 19aOf which 1250% / deduction

20

Position, foreign exchange and commodities risks (Market risk)

256,041,788

446,234,091

20,483,343

21

Of which the standardised approach

256,041,788

446,234,091

20,483,343

22

Of which IMA

EU 22aLarge exposures

23

Operational risk

1,372,435,948

986,547,928

109,794,876

EU 23aOf which basic indicator approach

1,372,435,948

986,547,928

109,794,876

EU 23bOf which standardised approach

EU 23cOf which advanced measurement approach

2,600,447,424

2,447,720,466

208,035,794

24

Amounts below the thresholds for deduction (subject
to 250% risk weight)

25

Not applicable26

Not applicable27

Not applicable28

Not applicable

29

Total

25

Annex KM 1 – Key metrics
Template EU KM1 - Key metrics template
a

b

c

d

e

31-Dec-21

30-Sep-21

30-Jun-21

31-Mar-21

31-Dec-20

Available own funds (amounts)
1

Common Equity Tier 1 (CET1) capital

1,675,810,613

1,281,542,197

1,073,432,179

1,068,029,806

1,060,886,216

2

Tier 1 capital

1,675,810,613

1,281,542,197

1,073,432,179

1,068,029,806

1,060,886,216

3

Total capital

1,675,810,613

1,281,542,197

1,073,432,179

1,068,029,806

1,060,886,216

2,600,447,424

2,447,720,466

2,338,018,137

2,342,649,189

2,439,397,372

Risk-weighted exposure amounts
4

Total risk exposure amount

Capital ratios (as a percentage of risk-weighted exposure amount)5

Common Equity Tier 1 ratio (%)

64.44%

52.36%

45.91%

45.59%

43.49%

6

Tier 1 ratio (%)

64.44%

52.36%

45.91%

45.59%

43.49%

7

Total capital ratio (%)

64.44%

52.36%

45.91%

45.59%

43.49%

Additional own funds requirements to address risks other than the risk of excessive leverage (as a percentage of riskweighted exposure amount)
EU 7a
EU 7b
EU 7c
EU 7d

Additional own funds requirements toaddress risks other than the risk ofexcessive leverage (%)
of which: to be made up of CET1 capital(percentage points)of which: to be made up of Tier 1 capital(percentage points)
Total SREP own funds requirements (%)

7.20%

7.20%

7.20%

10.10%

10.10%

4.05%

4.05%

4.05%

5.70%

5.70%

5.40%

5.40%

5.40%

7.60%

7.60%

15.20%

15.20%

15.20%

18.10%

18.10%

Combined buffer and overall capital requirement (as a percentage of risk-weighted exposure amount)
8
EU 8a
9
EU 9a
10
EU 10aCapital conservation buffer (%)
Conservation buffer due to macroprudential or systemic risk identified at thelevel of a Member State (%)
Institution specific countercyclical capital
buffer (%)
Systemic risk buffer (%)
Global Systemically Important Institution
buffer (%)
Other Systemically Important Institution
buffer (%)

2.50%

2.50%

2.50%

2.50%

2.50%

0%

0%

0%

0%

0%

0.01%

0.01%

0.01%

0.00%

0.00%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

11

Combined buffer requirement (%)

2.51%

2.51%

2.51%

2.50%

2.50%

EU 11aOverall capital requirements (%)

17.71%

17.71%

17.71%

20.60%

20.60%

46.73%

34.65%

28.20%

24.99%

22.89%

5,702,826,270

5,027,137,792

4,503,744,364

4,143,404,363

4,054,702,661

29.39%

25.49%

23.83%

25.78%

26.16%

12

CET1 available after meeting the total
SREP own funds requirements (%)
Leverage ratio

13

Total exposure measure

14

Leverage ratio (%)

Additional own funds requirements to address the risk of excessive leverage (as a percentage of total exposure measure)EU 14aAdditional own funds requirements toaddress the risk of excessive leverage (%)

0%

0%

0%

0%

0%

EU 14bof which: to be made up of CET1 capital(percentage points)

0%

0%

0%

0%

0%

EU 14cTotal SREP leverage ratio requirements
(%)

3%

3%

3%

3%

3%

Leverage ratio buffer and overall leverage ratio requirement (as a percentage of total exposure measure)EU 14dLeverage ratio buffer requirement (%)

0%

0%

0%

0%

0%

EU 14eOverall leverage ratio requirement (%)

3%

3%

3%

3%

3%

2,819,916,652

2,029,175,400

1,816,097,576

1,568,931,982

1,491,551,041

15Liquidity Coverage Ratio
Total high-quality liquid assets (HQLA)(Weighted value)*

EU 16aCash outflows - Total weighted value

196,318,169

163,173,954

165,937,714

156,804,306

137,355,830

EU 16bCash inflows - Total weighted value

1,774,897,425

2,013,337,571

1,675,673,169

1,596,905,163

1,729,036,434

Adyen Transparency and Disclosure Report 2021|Page 26

16

Total net cash outflows (adjusted value)

49,079,542

40,791,039

41,440,553

39,201,076

34,338,957

17Liquidity coverage ratio (%)

5745.61%4974.56%4382.42%4002.27%4343.61%

Net Stable Funding Ratio
18

Total available stable funding

2,226,819,159

1,567,504,174

1,561,650,063

1,437,611,305

1,386,394,848

19

Total required stable funding

784,953,974

578,103,832

761,139,101

601,650,473

548,984,968

20

NSFR ratio (%)

283.69%271.15%205.17%238.94%252.54%*Please note that quarter-end numbers are reported here.

Adyen Transparency and Disclosure Report 2021|Page 27

Annex EU CCyB1 - Geographical distribution of credit exposures relevant for the calculation of the countercyclicalbufferTemplate EU CCyB1 - Geographical distribution of credit exposures relevant for the calculation of the countercyclical bufferabGeneral credit
exposures

Exposurevalue underthestandardised approach

010
0101
0102
0103
0104
0105
0106
0107
0108
0109
0110
0111
0112
0113
0114
0115
0116
0117
0118
0119
0120
0121
0122
0123
0124
0125

Exposure value
under
the IRB
approa
ch

c

d

e

f

g

Relevant credit exposures –Market risk

Sum of longand shortpositions of
trading book
exposures for
SA

Value oftrading book
exposures forinternalmodels

h

i

j

k

l

m

Total

Riskweighted
exposureamounts

Own
fund
requirements
weights(%)

Counter
cyclicalbuffer
rate
(%)

2,786
513
2,891
207,494326,218
727,50314
75,48544,06596,816
1,359
295,38543
29,276
1,510
521,517
13,912
194,765
980,622
1,706
167,985
3,517,942
1,059
5,200

34,827
6,413
36,1422,593,671
4,077,726
9,093,784
179
943,567
550,8121,210,196
16,985
3,692,315
539
365,952
18,8796,518,963
173,904
2,434,559
115
1,007,771
21,3282,099,811
43,974,273
13,23965,000

0.00%
0.00%
0.01%
0.52%
0.81%
1.82%
0.00%
0.19%
0.11%
0.24%
0.00%
0.74%
0.00%
0.07%
0.00%
1.30%
0.03%
0.49%
0.00%
0.20%
0.00%
0.42%
8.79%
0.00%
0.01%

Own fund requirements
Securitisation
exposures
Exposurevalue fornontrading
book

Total
exposurevalue

Relevant
credit risk
exposures- Credit
risk

Relev
ant
creditexpos
ures –
Market riskRelevant
creditexposures–
Securitisationpositionsin the nontradingbook

Country
AE
AI
AR
AT
AU
BE
BG
BR
CA
CH
CL
CN
CO
CY
CZ
DE
DK
EE
EG
ES
FI
FR
GB
GE
GG

34,827
6,413
36,1422,593,671
4,077,726
15,620,207
179
943,567
550,8121,210,196
16,985
3,692,315
539
365,952
18,8796,518,963
173,904
2,434,559
115
1,007,771
21,3282,099,811
74,924,929
13,23965,00034,827
6,413
36,1422,593,671
4,077,726
15,620,207
179
943,567
550,8121,210,196
16,985
3,692,315
539
365,952
18,8796,518,963
173,904
2,434,559
115
1,007,771
21,3282,099,811
74,924,929
13,23965,000

2,786
513
2,891
207,494326,218
727,50314
75,48544,06596,816
1,359
295,38543
29,276
1,510
521,517
13,912
194,765
980,622
1,706
167,985
3,517,942
1,059
5,200

0.50%

0.50%

28

0126
0127
0128
0129
0130
0131
0132
0133
0134
0135
0136
0137
0138
0139
0140
0141
0142
0143
0144
0145
0146
0147
0148
0149
0150
0151
0152
0153
0154
0155
0156
0157
020

GR
HK
HR
HU
ID
IE
IL
IN
IS
IT
JP
KR
LU
MA
MT
MX
MY
NL
NO
NZ
PH
PL
PT
SE
SG
SK
TH
TR
TW
US
VN
ZA
Total

3,157
514,4442,436
304,057
890,419
180,553
1,969
2,607
3,816
809,287
2,348,091
534,736
1,749
1,710
1,318,929
572,542
1,187,110
331,468,066
5,162,994
22,474
145,635
335,467
247,008
1,344,147
922,433
1,126
915
358,047
88
96,743,473
36,896
5,385
561,899,797

3,157
514,4442,436
304,057
890,419
180,553
1,969
2,607
3,816
809,287
2,348,091
534,736
1,749
1,710
1,318,929
572,542
1,187,110
331,468,066
5,162,994
22,474
145,635
335,467
247,008
1,344,147
922,433
1,126
915
358,047
88
96,743,473
36,896
5,385
561,899,797

253
41,156
195
24,325
71,234
14,444158
209
305
64,743
187,847
42,779140
137
105,51445,803
94,96926,517,445
413,040
1,798
11,651
26,837
19,761
107,532
73,79590
73
28,644
7
5,813,052
2,952
431
40,027,392

253
41,156
195
24,325
71,234
14,444158
209
305
64,743
187,847
42,779140
137
105,51445,803
94,96926,517,445
413,040
1,798
11,651
26,837
19,761
107,532
73,79590
73
28,644
7
5,813,052
2,952
431
40,027,392

3,157
514,4442,436
304,057
890,419
180,553
1,969
2,607
3,816
809,287
2,348,091
534,736
1,749
1,710
1,318,929
572,542
1,187,110
331,468,066
5,162,994
22,474
145,635
335,467
247,008
1,344,147
922,433
1,126
915
358,047
88
72,663,150
36,896
5,385
500,342,395

0.00%
0.10%
0.00%
0.06%
0.18%
0.04%
0.00%
0.00%
0.00%
0.16%
0.47%
0.11%
0.00%
0.00%
0.26%
0.11%
0.24%
66.25%
1.03%
0.00%
0.03%
0.07%
0.05%
0.27%
0.18%
0.00%
0.00%
0.07%
0.00%
14.52%
0.01%
0.00%
100%

1.00%

0.50%

1.00%

1.00%

Adyen Transparency and Disclosure Report 2021|Page 29

Annex EU CCyB2 - Amount of institution-specific countercyclical capital buffer
Template EU CCyB2 - Amount of institution-specific countercyclical capital buffera1Total risk exposure amount2

Institution specific countercyclical capital buffer rate3

Institution specific countercyclical capital buffer requirement

2,600,447,424
0.01%
295,67530

Annex EU LI1 - Differences between the accounting scope and the scope of prudential consolidation and mapping offinancial statement categories with regulatory risk categories
Template EU LI1 - Differences between the accounting scope and the scope of prudential consolidation and mapping of financial statement categories with regulatory risk categories
a

b

c

d

e

f

g

Subject to themarket risk
framework

Not subject to own
funds requirements
or subject todeduction from own
funds

Carrying values of items
Carrying values asreported inpublished financial
statements

Carrying values
under scope ofprudential
consolidation

Subject to the credit
risk framework

Subject to the CCR
framework

Subject to thesecuritisation
framework

Breakdown by asset clases according to the balance sheet in the published financial statements
1

Total assets

5,775,605,791

5,775,605,791

5,765,765,178

5,765,765,178

Breakdown by liability classes according to the balance sheet in the published financial statements
2

Total liabilities

3,965,191,287

3,965,191,287

3,965,191,287

31

Annex EU LI2 - Main sources of differences between regulatory exposure amounts and carrying values in financial
statements
Template EU LI2 - Main sources of differences between regulatory exposure amounts and carrying values in financial statements
a

b

c

d

e

CCR framework

Market risk
framework

Items subject to
Total

Credit risk
framework

Securitisation
framework

1

Assets carrying value amount under the scope of prudential consolidation (as per template LI1)

5,775,605,791

5,765,765,178

5,775,605,791

2Liabilities carrying value amount under the scope of prudential consolidation (as per template LI1)

3,965,191,287-

3,965,191,287

3

Total net amount under the scope of prudential consolidation

1,810,414,504

5,765,765,178

1,810,414,504

4Off-balance-sheet amounts

5

Differences in valuations

6

Differences due to different netting rules, other than those already included in row 2

7

Differences due to consideration of provisions

8

Differences due to the use of credit risk mitigation techniques (CRMs)

9

Differences due to credit conversion factors

10

Differences due to Securitisation with risk transfer

11

Other differences

12

Exposure amounts considered for regulatory purposes

5,775,605,791

5,765,765,178

1,810,414,504

Adyen Transparency and Disclosure Report 2021|Page 32

Annex EU LI3 - Outline of the differences in the scopes of consolidation (entity by entity)
Template EU LI3 - Outline of the differences in the scopes of consolidation (entity by entity)
a

b

c

d

e

f

g

Name of the entity

Method ofaccounting
consolidation

Full consolidation

Neither
consolidated nor
deducted

Deducted

Adyen N.V

Full consolidation

X

Credit institution

Adyen International B.V.

Full consolidation

X

Financial institution

Adyen UK Limited

Full consolidation

X

Financial institution

Adyen Brazil Ltda

Full consolidation

X

Financial institution

Adyen Services Inc.

Full consolidation

X

Financial institution

Adyen Inc.

Full consolidation

X

Financial institution

Adyen Canada Ltd.

Full consolidation

X

Financial institution

Adyen Singapore PTE LTD.

Full consolidation

X

Financial institution

Adyen Korea Chusik Hoesa

Full consolidation

X

Financial institution

Adyen Mexico S.A. de C.V.

Full consolidation

X

Financial institution

Adyen Australia PTY Limited

Full consolidation

X

Financial institution

Adyen (China) Software Technology Co. Ltd.

Full consolidation

X

Financial institution

Adyen New Zealand Ltd.

Full consolidation

X

Financial institution

Adyen Malaysia Sdn. Bhd.

Full consolidation

X

Financial institution

Adyen Hong Kong Limited

Full consolidation

X

Financial institution

Adyen India Technology Services Private Limited

Full consolidation

X

Financial institution

Adyen Japan K.K.

Full consolidation

X

Financial institution

Adyen Middle East Limited

Full consolidation

X

Financial institution

Method of prudential consolidation
Proportional
consolidation

Equity methodhDescription of theentityAdyen Transparency and Disclosure Report 2021|Page 33

Annex EU CC1 - Composition of regulatory own funds
Template EU CC1 - Composition of regulatory own funds(a)Amounts
Common Equity Tier 1 (CET1) capital: instruments and reserves
1

Capital instruments and the related share premium accounts

336,034,279

of which: Paid-up capital

309,571of which: Share premium

335,724,708

2

Retained earnings

867,205,288

3

Accumulated other comprehensive income (and other reserves)

111,882,005

EU-3a

Funds for general banking risk

4

Amount of qualifying items referred to in Article 484 (3) CRR and the related share premium accounts
subject to phase out from CET1

5

Minority interests (amount allowed in consolidated CET1)

EU-5a
6

Independently reviewed interim profits net of any foreseeable charge or dividend
Common Equity Tier 1 (CET1) capital before regulatory adjustments

469,717,930
1,784,839,503

Common Equity Tier 1 (CET1) capital: regulatory adjustments
7

Additional value adjustments (negative amount)

8

Intangible assets (net of related tax liability) (negative amount)9

Not applicable

10

Deferred tax assets that rely on future profitability excluding those arising from temporary differences(net of related tax liability where the conditions in Article 38 (3) CRR are met) (negative amount)

11

Fair value reserves related to gains or losses on cash flow hedges of financial instruments that are notvalued at fair value

12

Negative amounts resulting from the calculation of expected loss amounts

13

Any increase in equity that results from securitised assets (negative amount)

14

Gains or losses on liabilities valued at fair value resulting from changes in own credit standing

15

Defined-benefit pension fund assets (negative amount)16

Direct, indirect and synthetic holdings by an institution of own CET1 instruments (negative amount)17

Direct, indirect and synthetic holdings of the CET 1 instruments of financial sector entities where thoseentities have reciprocal cross holdings with the institution designed to inflate artificially the own fundsof the institution (negative amount)18

Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector
entities where the institution does not have a significant investment in those entities (amount above
10% threshold and net of eligible short positions) (negative amount)19

Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector
entities where the institution has a significant investment in those entities (amount above 10%threshold and net of eligible short positions) (negative amount)20

Not applicable

EU-20aof which: qualifying holdings outside the financial sector (negative amount)

EU-20cof which: securitisation positions (negative amount)of which: free deliveries (negative amount)21

Deferred tax assets arising from temporary differences (amount above 10% threshold, net of related
tax liability where the conditions in Article 38 (3) CRR are met) (negative amount)

22

Amount exceeding the 17,65% threshold (negative amount)23of which: direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial
sector entities where the institution has a significant investment in those entities

24

Not applicable25(99,084,073)

Exposure amount of the following items which qualify for a RW of 1250%, where the institution opts forthe deduction alternative

EU-20b
EU-20d(104,204)(9,840,613)

of which: deferred tax assets arising from temporary differencesEU-25aLosses for the current financial year (negative amount)EU-25bForeseeable tax charges relating to CET1 items except where the institution suitably adjusts theamount of CET1 items insofar as such tax charges reduce the amount up to which those items may be
used to cover risks or losses (negative amount)26

Not applicable27

Qualifying AT1 deductions that exceed the AT1 items of the institution (negative amount)

27a

Other regulatory adjustments

34

28

Total regulatory adjustments to Common Equity Tier 1 (CET1)(109,028,890)

29

Common Equity Tier 1 (CET1) capital

1,675,810,613

30

Capital instruments and the related share premium accounts

Additional Tier 1 (AT1) capital: instruments
31

of which: classified as equity under applicable accounting standards

32of which: classified as liabilities under applicable accounting standards

33

Amount of qualifying items referred to in Article 484 (4) CRR and the related share premium accounts
subject to phase out from AT1

EU-33aAmount of qualifying items referred to in Article 494a(1) CRR subject to phase out from AT1

EU-33bAmount of qualifying items referred to in Article 494b(1) CRR subject to phase out from AT1

34

Qualifying Tier 1 capital included in consolidated AT1 capital (including minority interests not included
in row 5) issued by subsidiaries and held by third parties

35

of which: instruments issued by subsidiaries subject to phase out

36

Additional Tier 1 (AT1) capital before regulatory adjustments
Additional Tier 1 (AT1) capital: regulatory adjustments

37

Direct, indirect and synthetic holdings by an institution of own AT1 instruments (negative amount)38

Direct, indirect and synthetic holdings of the AT1 instruments of financial sector entities where thoseentities have reciprocal cross holdings with the institution designed to inflate artificially the own fundsof the institution (negative amount)39

Direct, indirect and synthetic holdings of the AT1 instruments of financial sector entities where theinstitution does not have a significant investment in those entities (amount above 10% threshold andnet of eligible short positions) (negative amount)40

Direct, indirect and synthetic holdings by the institution of the AT1 instruments of financial sector
entities where the institution has a significant investment in those entities (net of eligible shortpositions) (negative amount)41

Not applicable

42

Qualifying T2 deductions that exceed the T2 items of the institution (negative amount)

42a

Other regulatory adjustments to AT1 capital

43

Total regulatory adjustments to Additional Tier 1 (AT1) capital

44

Additional Tier 1 (AT1) capital

45

Tier 1 capital (T1 = CET1 + AT1)

1,675,810,613
Tier 2 (T2) capital: instruments

46

Capital instruments and the related share premium accounts

47

Amount of qualifying items referred to in Article 484(5) CRR and the related share premium accounts
subject to phase out from T2 as described in Article 486(4) CRR

EU-47aAmount of qualifying items referred to in Article 494a(2) CRR subject to phase out from T2

EU-47bAmount of qualifying items referred to in Article 494b(2) CRR subject to phase out from T2

48

Qualifying own funds instruments included in consolidated T2 capital (including minority interests andAT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties

49

of which: instruments issued by subsidiaries subject to phase out

50

Credit risk adjustments

51

Tier 2 (T2) capital before regulatory adjustments

52

Direct, indirect and synthetic holdings by an institution of own T2 instruments and subordinated loans(negative amount)53

Direct, indirect and synthetic holdings of the T2 instruments and subordinated loans of financial sector
entities where those entities have reciprocal cross holdings with the institution designed to inflate
artificially the own funds of the institution (negative amount)54

Direct, indirect and synthetic holdings of the T2 instruments and subordinated loans of financial sector
entities where the institution does not have a significant investment in those entities (amount above
10% threshold and net of eligible short positions) (negative amount)54a

Not applicable

55

Direct, indirect and synthetic holdings by the institution of the T2 instruments and subordinated loansof financial sector entities where the institution has a significant investment in those entities (net of
eligible short positions) (negative amount)56

Not applicable

Tier 2 (T2) capital: regulatory adjustments

EU-56aQualifying eligible liabilities deductions that exceed the eligible liabilities items of the institution(negative amount)

Adyen Transparency and Disclosure Report 2021|Page 35

EU-56bOther regulatory adjustments to T2 capital

57

Total regulatory adjustments to Tier 2 (T2) capital

58

Tier 2 (T2) capital

59

Total capital (TC = T1 + T2)

60

Total Risk exposure amount

1,675,810,613
2,600,447,424
Capital ratios and requirements including buffers

61

Common Equity Tier 1 capital

64.44%

62

Tier 1 capital

64.44%

63

Total capital

64.44%

64

Institution CET1 overall capital requirements

11.00%

65of which: capital conservation buffer requirement

2.50%

66

of which: countercyclical capital buffer requirement

0.00%

67

of which: systemic risk buffer requirement

0.00%

EU-67aof which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution(O-SII) buffer requirement

0.00%

EU-67bof which: additional own funds requirements to address the risks other than the risk of excessive
leverage

0.00%

68

Common Equity Tier 1 capital (as a percentage of risk exposure amount) available after
meeting the minimum capital requirements

49.24%

National minima (if different from Basel III)69

Not applicable70

Not applicable71

Not applicable
Amounts below the thresholds for deduction (before risk weighting)72

Direct and indirect holdings of own funds and eligible liabilities of financial sector entities where theinstitution does not have a significant investment in those entities (amount below 10% threshold andnet of eligible short positions)73

Direct and indirect holdings by the institution of the CET1 instruments of financial sector entities where
the institution has a significant investment in those entities (amount below 17.65% thresholds and netof eligible short positions)74

Not applicable

75

Deferred tax assets arising from temporary differences (amount below 17,65% threshold, net of related
tax liability where the conditions in Article 38 (3) CRR are met)
Applicable caps on the inclusion of provisions in Tier 2

76

Credit risk adjustments included in T2 in respect of exposures subject to standardised approach (prior
to the application of the cap)77

Cap on inclusion of credit risk adjustments in T2 under standardised approach78

Credit risk adjustments included in T2 in respect of exposures subject to internal ratings-based
approach (prior to the application of the cap)

79

Cap for inclusion of credit risk adjustments in T2 under internal ratings-based approach80

Current cap on CET1 instruments subject to phase out arrangements

81

Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities)

82

Current cap on AT1 instruments subject to phase out arrangements

83

Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)

84

Current cap on T2 instruments subject to phase out arrangements

85

Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)

Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2014 and 1 Jan 2022)

Adyen Transparency and Disclosure Report 2021|Page 36

Annex EU CCA - Main features of regulatory own funds instruments and eligible
liabilities instruments
Template EU CCA: Main features of regulatory own funds instruments and eligible liabilities instrumentsaQualitative or quantitative
information - Free format
1

IssuerAdyen N.V.

2

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

NL0012969182

2a

Public or private placement

Public3

Governing law(s) of the instrument

The shares are governed by the laws of
the Netherlands

3aContractual recognition of write down and conversion powers of resolution authorities

N/A

Regulatory treatment
4

Current treatment taking into account, where applicable, transitional CRR rules

Common Equity Tier 1

5

Post-transitional CRR rules

Common Equity Tier 1

6

Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated

7

Instrument type (types to be specified by each jurisdiction)

Consolidated
CET1 as published in the EBA list (art.
26(3))

8
9

Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of
most recent reporting date)
Nominal amount of instrument

80,000,000
0.01

EU-9a

Issue price

EU-9b

Redemption priceNot applicable

10

Accounting classification

Shareholders' equity

11

Original date of issuance

13 June 201812

Perpetual or dated

Perpetual

13
14
15
16

240

Original maturity dateNo maturity

Issuer call subject to prior supervisory approval

No

Optional call date, contingent call dates and redemption amountNot applicable

Subsequent call dates, if applicableNot applicable

Coupons / dividends
17

Fixed or floating dividend/coupon

Floating

18

Coupon rate and any related index

Not applicable

19

Existence of a dividend stopper

EU-20aFully discretionary, partially discretionary or mandatory (in terms of timing)

EU-20bFully discretionary, partially discretionary or mandatory (in terms of amount)No
Fully discretionary - no dividend
pushers, dividend stoppers or ACSM
Fully discretionary

Existence of step up or other incentive to redeem

No22

Noncumulative or cumulative

Non-cumulative

23

Convertible or non-convertible

Non-convertible

21

24

If convertible, conversion trigger(s)Not applicable25

If convertible, fully or partially

Not applicable26

If convertible, conversion rate

Not applicable27

If convertible, mandatory or optional conversion

Not applicable28

If convertible, specify instrument type convertible into

Not applicable29

If convertible, specify issuer of instrument it converts into

Not applicable30

Write-down features

No31

If write-down, write-down trigger(s)Not applicable32

If write-down, full or partial

Not applicable33

If write-down, permanent or temporary

Not applicable34

If temporary write-down, description of write-up mechanism

Not applicable

34a

Type of subordination (only for eligible liabilities)

Subordinated to all claims
Subordinated to all claims

36

Ranking of the instrument in normal insolvency proceedings
Position in subordination hierarchy in liquidation (specify instrument type immediately
senior to instrument)
Non-compliant transitioned features

37

If yes, specify non-compliant features

Not applicable

37a

Link to the full term and conditions of the instrument (signposting)https://www.adyen.com/investorrelations/financials

EU-34b35

Subordinated to all claims
No

Adyen Transparency and Disclosure Report 2021|Page 37

Annex EU LR1 - LRSum: Summary reconciliation of accounting assets andleverage ratio exposures
Template EU LR1 - LRSum: Summary reconciliation of accounting assets and leverage ratio exposuresaApplicable amount1

Total assets as per published financial statements

5,775,605,791

2Adjustment for entities which are consolidated for accounting purposes but are outside the scope ofprudential consolidation

3(Adjustment for securitised exposures that meet the operational requirements for the recognition of risk
transference)4(Adjustment for temporary exemption of exposures to central banks (if applicable))5(Adjustment for fiduciary assets recognised on the balance sheet pursuant to the applicable accounting
framework but excluded from the total exposure measure in accordance with point (i) of Article 429a(1)CRR)

6Adjustment for regular-way purchases and sales of financial assets subject to trade date accounting

7

Adjustment for eligible cash pooling transactions

8

Adjustment for derivative financial instruments

9

Adjustment for securities financing transactions (SFTs)

10

Adjustment for off-balance sheet items (ie conversion to credit equivalent amounts of off-balance sheet
exposures)

11(Adjustment for prudent valuation adjustments and specific and general provisions which have reduced
Tier 1 capital)

EU-11a(Adjustment for exposures excluded from the total exposure measure in accordance with point (c) of Article
429a(1) CRR)

EU-11b(Adjustment for exposures excluded from the total exposure measure in accordance with point (j) of Article
429a(1) CRR)

36,145,165

12

Other adjustments(108,924,686)

13

Total exposure measure

5,702,826,270

Adyen Transparency and Disclosure Report 2021|Page 38

Annex EU LR2 - LRCom: Leverage ratio common disclosure
Template EU LR2 - LRCom: Leverage ratio common disclosure
CRR leverage ratio exposuresab

31-Dec-21
On-balance sheet exposures (excluding derivatives and SFTs)

30-Sep-21

1

On-balance sheet items (excluding derivatives, SFTs, but including collateral)

2

Gross-up for derivatives collateral provided, where deducted from the balance
sheet assets pursuant to the applicable accounting framework

5,775,605,791

5,104,013,187

3(Deductions of receivables assets for cash variation margin provided inderivatives transactions)

4(Adjustment for securities received under securities financing transactions
that are recognised as an asset)

5(General credit risk adjustments to on-balance sheet items)

6(Asset amounts deducted in determining Tier 1 capital)(108,924,686)(112,457,156)

7

Total on-balance sheet exposures (excluding derivatives and SFTs)

5,666,681,105

4,991,556,031

-

-

-

-

36,145,165

35,581,761

36,145,165

35,581,761

Derivative exposures
8

Replacement cost associated with SA-CCR derivatives transactions (ie net of
eligible cash variation margin)

EU-8a

Derogation for derivatives: replacement costs contribution under the simplified
standardised approach

9

Add-on amounts for potential future exposure associated with SA-CCR
derivatives transactions

EU-9a

Derogation for derivatives: Potential future exposure contribution under thesimplified standardised approach

EU-9b

Exposure determined under Original Exposure Method10EU-10aEU-10b
11(Exempted CCP leg of client-cleared trade exposures) (SA-CCR)(Exempted CCP leg of client-cleared trade exposures) (simplified standardised
approach)(Exempted CCP leg of client-cleared trade exposures) (Original Exposure
Method)Adjusted effective notional amount of written credit derivatives

12(Adjusted effective notional offsets and add-on deductions for written credit
derivatives)

13

Total derivatives exposures
Securities financing transaction (SFT) exposures

14

Gross SFT assets (with no recognition of netting), after adjustment for sales
accounting transactions

15(Netted amounts of cash payables and cash receivables of gross SFT assets)

16

Counterparty credit risk exposure for SFT assets

EU-16a17

Derogation for SFTs: Counterparty credit risk exposure in accordance with
Articles 429e(5) and 222 CRR
Agent transaction exposures

EU-17a(Exempted CCP leg of client-cleared SFT exposure)18

Total securities financing transaction exposures
Other off-balance sheet exposures

19

Off-balance sheet exposures at gross notional amount

20(Adjustments for conversion to credit equivalent amounts)

21(General provisions deducted in determining Tier 1 capital and specificprovisions associated with off-balance sheet exposures)

22

Off-balance sheet exposures
Excluded exposures

EU-22a(Exposures excluded from the total exposure measure in accordance withpoint (c) of Article 429a(1) CRR)

EU-22b(Exposures exempted in accordance with point (j) of Article 429a(1) CRR (onand off balance sheet))

EU-22c(Excluded exposures of public development banks (or units) - Public sector
investments)

EU-22d(Excluded exposures of public development banks (or units) - Promotionalloans)

Adyen Transparency and Disclosure Report 2021|Page 39

EU-22e(Excluded passing-through promotional loan exposures by non-public
development banks (or units))

EU-22f(Excluded guaranteed parts of exposures arising from export credits)

EU-22g(Excluded excess collateral deposited at triparty agents)

EU-22h(Excluded CSD related services of CSD/institutions in accordance with point (o)of Article 429a(1) CRR)

EU-22i(Excluded CSD related services of designated institutions in accordance withpoint (p) of Article 429a(1) CRR)

EU-22j(Reduction of the exposure value of pre-financing or intermediate loans)

EU-22k(Total exempted exposures)--

1,675,810,613

1,281,542,197

5,702,826,270

5,027,137,792

Leverage ratio (%)

29.39%

25.49%

EU-25

Leverage ratio (excluding the impact of the exemption of public sector
investments and promotional loans) (%)

29.39%

25.49%

25a

Leverage ratio (excluding the impact of any applicable temporary exemption ofcentral bank reserves) (%)

29.39%

25.49%

Regulatory minimum leverage ratio requirement (%)
Additional own funds requirements to address the risk of excessive leverage(%)
of which: to be made up of CET1 capital

3%

3%

0%

0%

0%

0%

27

Leverage ratio buffer requirement (%)

0%0%

EU-27aOverall leverage ratio requirement (%)

3%

3%

N/A

N/A

Capital and total exposure measure
23

Tier 1 capital

24

Total exposure measure
Leverage ratio

25

26
EU-26aEU-26b

Choice on transitional arrangements and relevant exposures
EU-27b

Choice on transitional arrangements for the definition of the capital measure
Disclosure of mean values

28

Mean of daily values of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash
receivable

-

-

29

Quarter-end value of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash
receivables

-

-

30

Total exposure measure (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row 28 ofgross SFT assets (after adjustment for sale accounting transactions andnetted of amounts of associated cash payables and cash receivables)

5,702,826,270

5,027,137,792

30a

Total exposure measure (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row 28 ofgross SFT assets (after adjustment for sale accounting transactions andnetted of amounts of associated cash payables and cash receivables)

5,702,826,270

5,027,137,792

31

Leverage ratio (including the impact of any applicable temporary exemption ofcentral bank reserves) incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions and netted ofamounts of associated cash payables and cash receivables)

29.39%

25.49%

31a

Leverage ratio (excluding the impact of any applicable temporary exemption ofcentral bank reserves) incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions and netted ofamounts of associated cash payables and cash receivables)

29.39%

25.49%

Adyen Transparency and Disclosure Report 2021|Page 40

Annex EU LR3 - LRSpl: Split-up of on balance sheet exposures
Template EU LR3 - LRSpl: Split-up of on balance sheet exposures (excluding derivatives, SFTs and exempted exposures)a
CRR leverage ratio
exposures
EU-1

Total on-balance sheet exposures (excluding derivatives, SFTs, and exempted exposures), of which:EU-2

Trading book exposures

EU-3

Banking book exposures, of which:

5,765,765,178

5,765,765,178

EU-4

Covered bonds

EU-5

Exposures treated as sovereigns

EU-6

Exposures to regional governments, MDB, international organisations and PSE, not treated as sovereigns

EU-7

Institutions

EU-8

Secured by mortgages of immovable properties

3,006,849,317
2,196,870,804

EU-9

Retail exposures

EU-10

Corporates

EU-11

Exposures in default

EU-12

Other exposures (e.g. equity, securitisations, and other non-credit obligation assets)

276,437,064
285,607,993

Adyen Transparency and Disclosure Report 2021|Page 41

Annex EU LIQ1 – Quantitative information of LCR
Template EU LIQ1 - Quantitative information of LCR
Scope of consolidation: consolidateda
EU 1a

Quarter ending on (DD Month YYY)

EU 1b

Number of data points used in the calculationof averagesbcTotal unweighted value (average)

31-Dec-21

30-Sep-21
330-Jun-21
3

3

d

e

31-Mar-21

31-Dec-21
3fg
Total weighted value (average)
30-Sep-21h30-Jun-21

31-Mar-21

3

3

3

3

2,439,244,181

1,931,454,258

1,698,732,232

1,512,256,388

HIGH-QUALITY LIQUID ASSETS
1

Total high-quality liquid assets (HQLA)CASH - OUTFLOWS
2Retail deposits and deposits from small
business customers, of which:

3

Stable deposits

4Less stable deposits

5

Unsecured wholesale funding

6

Operational deposits (all counterparties) anddeposits in networks of cooperative banks

7

Non-operational deposits (all counterparties)

8

Unsecured debt

9

Secured wholesale funding

10

Additional requirements

11

Outflows related to derivative exposures andother collateral requirements

12

Outflows related to loss of funding on debt
products

13

Credit and liquidity facilities

14

Other contractual funding obligations

259,240,034

276,921,469

248,342,048

15

Other contingent funding obligations

2,897,571,528

2,443,448,072

2,070,925,511

16

TOTAL CASH OUTFLOWS

-

-

-

-

-

-

-

-

781,972,733

726,857,570

697,831,061

647,048,469

179,745,349

166,824,270

160,173,349

147,150,110

-

-

-

-

229,253,156

-

-

-

-

1,779,923,836

-

-

-

-

179,745,349

166,824,270

160,173,349

147,150,110

CASH - INFLOWS
17

Secured lending (e.g. reverse repos)

18

Inflows from fully performing exposures

19

Other cash inflows(Difference between total weighted inflows
and total weighted outflows arising fromtransactions in third countries where there aretransfer restrictions or which are denominatedin non-convertible currencies)

EU-19a

-

-

-

-

-

-

-

-

2,835,977,024

2,688,879,930

2,354,477,101

2,119,060,252

2,161,918,046

2,033,837,616

1,738,747,713

1,531,266,540

-

-

-

-

-

-

-

-

EU-19b42

20(Excess inflows from a related specialised
credit institution)
TOTAL CASH INFLOWS

2,835,977,024

2,688,879,930

2,354,477,101

2,119,060,252

2,161,918,046

2,033,837,616

1,738,747,713

1,531,266,540

EU-20aFully exempt inflows

-

-

-

-

-

-

-

-

EU-20bInflows subject to 90% cap

-

-

-

-

-

-

-

-

EU-20cInflows subject to 75% cap

2,835,977,024

2,688,879,930

2,354,477,101

2,119,060,252

2,161,918,046

2,033,837,616

1,738,747,713

1,531,266,540

2,439,244,181
44,936,337
5428%

1,931,454,258
41,706,067
4631%

1,698,732,232
40,043,337
4242%

1,512,256,388
36,787,527
4111%

TOTAL ADJUSTED VALUE
EU-21
LIQUIDITY BUFFER
22
TOTAL NET CASH OUTFLOWS23
LIQUIDITY COVERAGE RATIO

Adyen Transparency and Disclosure Report 2021|Page 43

Annex EU LIQ2 – Net Stable Funding Ratio
Template EU LIQ2: Net Stable Funding Ratio
In accordance with Article 451a(3) CRR
a

b

c

d

e

Unweighted value by residual maturity(in currency amount)No maturity

6 months to <1yr

< 6 months

Weighted value≥ 1yr

Available stable funding (ASF) Items
1

Capital items and instruments2

Own funds

3

Other capital instruments

4
5
6
7
8
9

-

-

-

1,784,735,299

Retail deposits

1,784,735,299
1,784,735,299

-

-

-

851,366,310--

Stable deposits
Less stable deposits
Wholesale funding:

851,366,310

Operational deposits

425,683,155
425,683,155

Other wholesale funding

10

Interdependent liabilities

11

Other liabilities:

12

1,784,735,299

-

-

-

-

-

3,097,636,016-

16,400,705

16,400,705

16,400,705

16,400,705

NSFR derivative liabilities

13

All other liabilities and capital instruments not includedin the above categories

14

Total available stable funding (ASF)

3,097,636,016

2,226,819,159

Required stable funding (RSF) Items
15
EU-15a
16
17
18

19

20
21

Total high-quality liquid assets (HQLA)

13,377,503

Assets encumbered for a residual maturity of one year
or more in a cover pool

-

-

-

-

Deposits held at other financial institutions for
operational purposes

-

-

-

-

2,472,755,988-

22,503,535

324,669,618

Performing loans and securities:
Performing securities financing transactions with financial
customers collateralised by Level 1 HQLA subject to 0%
haircut
Performing securities financing transactions with financial
customer collateralised by other assets and loans andadvances to financial institutions
Performing loans to non- financial corporate clients, loans
to retail and small business customers, and loans tosovereigns, and PSEs, of which:With a risk weight of less than or equal to 35% under the
Basel II Standardised Approach for credit risk-

2,335,529,777

233,552,978137,226,212

68,613,106-

Adyen Transparency and Disclosure Report 2021|Page 44

22

Performing residential mortgages, of which:

23

With a risk weight of less than or equal to 35% under the
Basel II Standardised Approach for credit risk

24

Other loans and securities that are not in default and do not
qualify as HQLA, including exchange-traded equities andtrade finance on-balance sheet products

25Interdependent assets

-

-

-

-

26

Other assets:--

446,906,853

446,906,853

446,906,853

446,906,853

-

-

27
28
29
30
31

-

22,503,535

22,503,535

Physical traded commodities
Assets posted as initial margin for derivative contracts
and contributions to default funds of CCPs
NSFR derivative assets
NSFR derivative liabilities before deduction of variation
margin posted
All other assets not included in the above categories

32

Off-balance sheet items

33

Total RSF

34

Net Stable Funding Ratio (%)-

784,953,974
283.69%Adyen Transparency and Disclosure Report 2021|Page 45

Annex EU CR1 - Performing and non-performing exposures and related provisions
Template EU CR1: Performing and non-performing exposures and related provisions.
a

b

c

d

e

f

Of whichstage 1005
010

Cash balances at
central banks andother demand
deposits
Loans andadvances

020

Central banks

030

Generalgovernments

040

Credit institutions

050
060
070

Other financial
corporations
Non-financial
corporations
Of which
SMEs

080

Households

090

Debt securities

100

Central banks

110

Generalgovernments

120

Credit institutions

130
140
150
160

Non-performing exposures

Of
which
stage 2Of
whichstage 2

4,609,115,835

4,609,115,835

691,684,922

691,684,922

460,174,562

460,174,562

108,557,478

108,557,478

92,965

122,952,882

122,952,882

14,273,329

14,366,294

h

i

j

k

l

m

Accumulated impairment, accumulated negativechanges in fair value due to credit risk and provisions

Gross carrying amount/nominal amountPerforming exposures

g

Of
which
stage 3

Performing exposures –accumulated impairment
and provisions

Non-performing
exposures – accumulated
impairment, accumulated
negative changes in fairvalue due to credit risk
and provisions

Of
which
stage 1Of
which
stage 2Of
whichstage 2noCollateral and financial
guarantees received
Accumulatedpartialwrite-offOn
performing
exposuresOf
whichstage 3On nonperforming
exposures

39,124,555

39,124,555

Other financial
corporations
Non-financial
corporations
Off-balance-sheet
exposures
Central banks

Adyen Transparency and Disclosure Report 2021|Page 46

170

Generalgovernments

180

Credit institutions

190
200

Other financial
corporations
Non-financial
corporations

210

Households

220

Total

5,300,800,757

5,300,800,757-

14,366,294

-

-

-

-

-

-

-

-

-

39,124,555-

Adyen Transparency and Disclosure Report 2021|Page 47

Annex EU CR1A - Maturity of exposures
Template EU CR1-A: Maturity of exposures

1

Loans and advances2

Debt securities

3

Total

a

b

On demand<= 1 yearc
Net exposure value> 1 year <= 5 years

d

e

f

> 5 years

No stated maturity

Total

460,174,562

231,510,360

691,684,922

460,174,562

231,510,360

691,684,922

Adyen Transparency and Disclosure Report 2021|Page 48

Annex EU CR3 - CRM techniques overview: Disclosure of the use of credit risk mitigation techniques
Template EU CR3 – CRM techniques overview: Disclosure of the use of credit risk mitigation techniques
Unsecured
carrying amount

Secured carrying amount

Of which secured
by collateral

b

c

1
2

Loans and advances
Debt securities

5,315,167,051

a

39,124,555

39,124,555

3

Total

5,315,167,051

39,124,555

39,124,555

4EU-5

Of which non-performing exposures
Of which defaulted

Of which secured
by financial
guarantees
Of which secured
by credit
derivativesde

14,366,294
14,366,294

Adyen Transparency and Disclosure Report 2021|Page 49

Annex EU CR4 - Standardised Approach: Credit risk exposure and CRM effects
Template EU CR4 – Standardised Approach – Credit risk exposure and CRM effects
Exposures before CCF and before CRM
Exposure classes

On-balance-sheet
exposures

Off-balance-sheet
exposuresabExposures post CCF and post CRM

RWAs and RWAs density

On-balance-sheet
exposures

Off-balance-sheet
exposures

RWAs

RWAs density (%)

c

d

e

f

1

Central governments or central banks

2,967,724,763

2,967,724,763

2

Regional government or local authorities

3

Public sector entities

4

Multilateral development banks

5

International organisations

6
7

Institutions

2,235,995,359

Corporates

276,437,064

8

Retail9

Secured by mortgages on immovable property

10

Exposures in default

11

Exposures associated with particularly high risk

12

Covered bonds

13

Institutions and corporates with a short-term credit
assessment

14

Collective investment undertakings

15

Equity22,503,535

16

Other items

263,104,458

17

Total

5,765,765,178

5,726,640,623

39,124,555

3,912,455

0.1%

2,196,870,804

460,386,430

21.0%

276,437,064

222,062,809

80.3%

22,503,535

22,503,535

100.0%

263,104,458

263,104,458

100.0%

971,969,688

16.9%

39,124,555

Adyen Transparency and Disclosure Report 2021|Page 50

Annex EU CR5 – Standardised approach: exposures by risk weight
Template EU CR5 – Standardised approach
Risk weight
Exposure classes

1
2
3
4
5

Central governments orcentral banks
Regional government or
local authorities

0%

2%

4%

10%

20%

35%

50%

70%

a

b

c

d

e

f

g

h

2,967,724,763

39,124,555

Public sector entities
Multilateral development
banks
Internationalorganisations

6

Institutions

2,127,861,454

68,390,421

7

Corporates

59,420,643

28,041,775

8

Retail exposures

9

Exposures secured by
mortgages on immovable
property

10

Exposures in default

11

Exposures associatedwith particularly high risk

12

Covered bonds

13

14

Exposures to institutions
and corporates with ashort-term credit
assessment
Units or shares incollective investment
undertakings

15

Equity exposures

16

Other items

17

Total

2,967,724,763--

39,124,555

2,187,282,097-

96,432,196-

Adyen Transparency and Disclosure Report 2021|Page 51

Risk weight
75%

100%

150%

250%

370%

1250%

Others

i

j

k

l

m

n

o

Total

Of which unratedpq3,006,849,317

1
2
3
4
5
6

618,929

7

174,608,352

14,366,294

2,196,870,804

29,485,014

276,437,064

21,533,941

8
9
10
11
12
13
14
15

22,503,535

22,503,535

22,503,535

16

263,104,458

263,104,458

201,044,394

5,765,765,178

274,566,883

17-

460,835,274

14,366,294

-

-

-

-

Adyen Transparency and Disclosure Report 2021|Page 52

Annex EU CQ3 - Credit quality of performing and non-performing exposures by past due days
Template EU CQ3: Credit quality of performing and non-performing exposures by past due days
a

b

c

d

Performing exposures

e

g

h

i

j

k

l

Past due> 5 years≤ 7 years

Past due> 7 years

Of which
defaulted

Not past dueor past due ≤30 days

Past due > 30days ≤ 90
days

4,609,115,835

4,609,115,835

-

-

-

-

-

-

-

-

-

-

691,684,922

681,805,811

9,879,111

14,366,294-

4,236,761

4,654,622

4,278,973

1,195,938--

14,366,294

92,965

11,045

2,205

79,692

22

92,9654,225,716

4,652,416

4,199,281

1,195,916

14,273,329

4,236,761

4,654,622

4,278,973

1,195,938005

Cash balances at central
banks and other demand
deposits

010

Loans and advances

020

Central banks

030

General governments

040

Credit institutions

460,174,562

460,174,562

050

Other financial corporations

108,557,478

108,557,478060

Non-financial corporations

122,952,882

113,073,771

9,879,111

14,273,329

5,300,800,757

5,290,921,646

9,879,111

14,366,294070

f

Gross carrying amount/nominal amountNon-performing exposures
Unlikely
to payPast due
Past duethat arePast due
Past due> 90 days> 180
not past> 1 year ≤> 2 years
≤ 180
days
due or are
2 years≤ 5 yearsdays≤ 1 yearpast due≤ 90 days

Of which SMEs

080

Households

090

Debt securities

100

Central banks

110

General governments

120

Credit institutions

130

Other financial corporations

140

Non-financial corporations

150

Off-balance-sheet
exposures

160

Central banks

170

General governments

180

Credit institutions

190

Other financial corporations

200

Non-financial corporations

210

Households

220

Total

-

-

-

14,366,294

Adyen Transparency and Disclosure Report 2021|Page 53

Annex EU CQ4 - Quality of non-performing exposures by geography
Template EU CQ4: Quality of non-performing exposures by geography
a

b

c

d

e

f

g

Of which subject toimpairment

Accumulated
impairment

Provisions on offbalance-sheet
commitments andfinancial guarantees
given

Accumulated negativechanges in fair value due
to credit risk on nonperforming exposures

Gross carrying/nominal amount
Of which non-performing
Of which
defaulted
010

On-balance-sheet
exposures

706,034,982

020

BR

106,656,040

030

GB

73,897,337

040

US

419,432,853

070

Other countries

106,048,752080

Off-balance-sheet
exposures

090

GB

100

NL

110

US

120

Other countries

150

Total

14,366,294

14,366,294

706,034,982

519,306

519,306

106,656,040

1,376,410

1,376,410

73,897,337

3,485,386

3,485,386

419,432,853

8,985,191

8,985,191

106,048,752

-

-

-

706,034,982

14,366,294

14,366,294

706,034,982

-

-

-

Adyen Transparency and Disclosure Report 2021|Page 54

Annex EU CQ5 - Credit quality of loans and advances to non-financial corporations by industry
Template EU CQ5: Credit quality of loans and advances to non-financial corporations by industry
a

b

c

d

e

f

Of which loans andadvances subject toimpairment

Accumulated
impairment

Accumulated negativechanges in fair value due
to credit risk on nonperforming exposures

Gross carrying amount
Of which non-performing
Of which
defaulted
010

Agriculture, forestry and fishing020

Mining and quarrying

030

Manufacturing040

1,592,662

712,373

712,373

1,592,662

Electricity, gas, steam and air conditioning supply

1,961

402

402

1,961

050

Water supply

20,07011,46011,46020,070060

Construction

070

Wholesale and retail trade

24,016,983

7,010,577

7,010,577

24,016,983

080

Transport and storage

8,973,134

1,552,301

1,552,301

8,973,134090

Accommodation and food service activities

5,114,472

1,815,260

1,815,260

5,114,472

100

Information and communication

51,808,255

1,475,330

1,475,330

51,808,255

110

Financial and insurance activities

120

Real estate activities

130

Professional, scientific and technical activities

8,049

2,557

2,557

8,049

140

Administrative and support service activities

9,056,591

3,375

3,375

9,056,591

150

Public administration and defense, compulsory
social security

309,181239,999

239,999

309,181

160

Education

10,11010,078

10,078

10,110170

Human health services and social work activities

8,428

6,306

6,306

8,428

180

Arts, entertainment and recreation

1,640,460

144,909

144,909

1,640,460

190

Other services

34,657,840

1,288,402

1,288,402

34,657,840

200

Total

137,226,212

14,273,329

14,273,329

137,226,212

8,016

8,016

Adyen Transparency and Disclosure Report 2021|Page 55

Annex EU MR1 - Market risk under the standardised approach
Template EU MR1 - Market risk under the standardised approacha
RWEAs
Outright products
1

Interest rate risk (general and specific)

2

Equity risk (general and specific)

3

Foreign exchange risk

4

Commodity risk

256,041,788

Options5

Simplified approach

6

Delta-plus approach

7

Scenario approach

8

Securitisation (specific risk)

9

Total

256,041,788

Adyen Transparency and Disclosure Report 2021|Page 56

Annex EU OR1 - Operational risk own funds requirements and risk-weighted exposure amounts
Template EU OR1 - Operational risk own funds requirements and risk-weighted exposure amountsaBanking activities
Year-3
1

Banking activities subject to basic indicator approach (BIA)

2

Banking activities subject to standardised (TSA) / alternative standardised (ASA)
approaches

3

Subject to TSA:

4

Subject to ASA:

5

Banking activities subject to advanced measurement approaches AMA

b

c

d

e

Last year

Own funds
requirements

Risk exposureamountRelevant indicator
530,001,585

Year-2
676,127,670

989,768,262

109,794,876

1,372,435,948

Adyen Transparency and Disclosure Report 2021|Page 57

Annex EU AE1 - Encumbered and unencumbered assets
Template EU AE1 - Encumbered and unencumbered assets
Carrying amount of encumbered assets

Fair value of encumbered assetsof whichnotionallyeligible EHQLA
and HQLA

of whichnotionallyeligible EHQLA
and HQLA

010
010

Assets of the disclosing institution

030

Equity instruments

040

Debt securities050

of which: covered bonds

060

of which: securitisations

070

of which: issued by general governments080

of which: issued by financial corporationsof which: issued by non-financial
corporations
Other assets

090
120

28,590,320

030

040

050

Carrying amount of
unencumbered assetsof which
EHQLA and
HQLA
060

080

5,747,015,471

2,833,294,156

22,503,535

28,590,320

Fair value of unencumberedassets5,724,511,936

of which
EHQLA and
HQLA
090

100

22,503,535

2,833,294,156

Adyen Transparency and Disclosure Report 2021|Page 58

Annex EU AE2 - Collateral received and own debt securities issued
Template EU AE2 - Collateral received and own debt securities issued
Fair value of encumbered collateral received or own
debt securities issued

Unencumbered
Fair value of collateral received or own
debt securities issued available forencumbranceof which notionallyeligible EHQLA and
HQLA
010
130

Loans on demand

150

Equity instruments

160

Debt securities

170

of which: covered bonds

180of which: securitisations

190

of which: issued by general governments

200

of which: issued by financial corporations

210

of which: issued by non-financial corporations

220

Loans and advances other than loans on demand

240

040

060

Collateral received by the disclosing institution

140

230

030

of which EHQLA and
HQLA

Other collateral received
Own debt securities issued other than own covered bonds or securitisations

241

Own covered bonds and securitisations issued and not yet pledged

250

Total collateral received and own debt securities issued

28,590,320

Adyen Transparency and Disclosure Report 2021|Page 59

Annex EU AE3 - Sources of encumbrance
Template EU AE3 - Sources of encumbrance

010

Carrying amount of selected financial liabilities

Matching liabilities, contingent liabilities or
securities lent

Assets, collateral received and own
debt securities issued other than covered bonds
and securitisations encumbered

010

030
28,590,320

28,590,320

Adyen Transparency and Disclosure Report 2021|Page 60

Annex EU REM1 - Remuneration awarded for the financial year
Template EU REM1 - Remuneration awarded for the financial yeara
MB Supervisory
functionb
MB Management
functioncOther senior
managementd
Other identified
staff

1

Number of identified staff

5

6

2

13

2

Total fixed remuneration

386,000

3,377,752

1,535,200

3,932,501

3

Of which: cash-based

386,000

3,136,889

1,054,831

3,541,230

4(Not applicable in the EU)
240,863

480,369

391,271

EU-4a
5

Fixed
remuneration

Of which: shares or equivalent ownership interests
Of which: share-linked instruments or equivalent non-cash instruments

EU-5x

Of which: other instruments

6(Not applicable in the EU)

7

Of which: other forms

8(Not applicable in the EU)

9

Number of identified staff

10

Total variable remuneration

1,025,285

11

Of which: cash-based

1,025,285

12

Of which: deferred

EU-13aEU-14aEU-13bOf which: shares or equivalent ownership interests
Variable
remuneration

Of which: deferred
Of which: share-linked instruments or equivalent non-cash instruments

EU-14bOf which: deferred

EU-14xOf which: other instruments

EU-14yOf which: deferred

15

Of which: other forms

16

Of which: deferred

172

Total remuneration (2 + 10)

386,000

3,377,752

1,535,200

4,957,786

Adyen Transparency and Disclosure Report 2021|Page 61

Annex EU REM4 - Remuneration of 1 million EUR or more per year
Template EU REM4 - Remuneration of 1 million EUR or more per year
a

EUR
1

1 000 000 to below 1 500 000

21 500 000 to below 2 000 000

32 000 000 to below 2 500 000

42 500 000 to below 3 000 000

53 000 000 to below 3 500 000

63 500 000 to below 4 000 000

74 000 000 to below 4 500 000

84 500 000 to below 5 000 000

95 000 000 to below 6 000 000

106 000 000 to below 7 000 000

11

7 000 000 to below 8 000 000

Identified staff that are high earners as set out in Article 450(i) CRR
3

Adyen Transparency and Disclosure Report 2021|Page 62

Annex EU REM5 - Information on remuneration of identified staff
Template EU REM5 - Information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff)
a
b
c
d
e
f
g
Management body remuneration1

Total number of identified staff

2

Of which: members of the MB

3

Of which: other senior management

4

Of which: other identified staff

5

Total remuneration of identified
staff

6

Of which: variable remuneration

7

Of which: fixed remuneration

h

i

j

Independentinternal
controlfunctions

All other

Total

Business areas

MB
Supervisor
y function

MBManagement
function

Total MB5

6

11

Investmentbanking

RetailbankingAssetmanagement

Corporatefunctions

26
2
6

3

4
4,034,471

386,000

3,377,752

3,763,752

866,278

566,952

386,000

3,377,752

3,763,752

866,278

566,952

1,025,285
3,009,186

Adyen Transparency and Disclosure Report 2021|Page 63