Considering its specific status as a bank in orderly resolution, Dexia raises funding via central banks and the capital markets.
With regard to market funding, the Group’s strategy rests on two pillars:
the issue of short and long term State guaranteed debt by Dexia Crédit Local and Dexia Crédit Local New York Branch (Guarantee Agreement of January 24, 2013). These transactions can be performed in different currencies (mainly the euro and the US dollar) and in the form of public transactions (“benchmark”) and private placements;
non-guaranteed secured funding, particularly in the form of “repos”.