Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 112

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 112
---
     |            — |     |   — |
| (iv) Netting sets where cross-product netting has been approved                                     |     |            |     |            — |     |   — |            |     |            — |     |   — |
| Segregated initial margin                                                                           |     |            |     |            — |     |     |            |     |            — |     |     |
| Non-segregated initial margin                                                                       |     |            |     |          187 |     |  50 |            |     |           20 |     |  29 |
| Pre-funded default fund contributions                                                               |     |            |     |            — |     |   1 |            |     |            2 |     |   2 |
| Unfunded default fund contributions                                                                 |     |            |     |            — |     |   — |            |     |            — |     |   — |

As of December 31, 2024, exposures to central counterparties show an apparent reduction in the value of the credit exposure compared to December 2023. As a result of the on-balance sheet netting of related assets and liabilities, the netted positions are presented net. The impact on RWA of changes over the period is very small.

| PILLAR 3 2024 |     | 4. RISK |     | P.146 |

#### 4.2.7.

#### Information on securitisation
4.2.7.1. General characteristics of securitisation

4.2.7.1.1. Purposes of securitisation

Article 449 a), b) CRR

EU SECA a), b)

The Group’s current securitisation policy considers a recurrent issuance program with a deliberate diversification of securitised assets that adjusts their volume to the Bank’s capital requirements and to market conditions.

This program is complemented by all the other finance and capital instruments, thereby diversifying the need to resort to wholesale markets.

The definition of the strategy and the execution of the operations, as with all other wholesale finance and capital management, is supervised by the Assets & Liabilities Committee, with the pertinent internal authorisations obtained directly from the Board of Directors or from the Executive Committee.

The main objective of securitisation is to serve as an instrument for the efficient management of the balance sheet, mainly as a source of liquidity at an efficient cost, obtaining liquid assets through