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Variable interest entities and securitizations (Tables)

12 Months Ended

Mar. 31, 2020

The table below shows the consolidated assets of the Group’s consolidated VIEs as well as total assets and maximum exposure to loss for its significant unconsolidated VIEs, in which the Group has determined that its maximum exposure to loss is greater than specific thresholds or meets certain other criteria as of March 31, 2019 and 2020:


	Consolidated VIEs		Significant unconsolidated VIEs
2019	Consolidated assets		Total assets		Maximum exposure to loss
	(in billions of yen)
Asset-backed commercial paper/loan programs		2,249		—		—
Asset-backed securitizations		571		70		8
Investments in securitization products		372		—		—
Investment funds		2,836		1,280		410
Trust arrangements and other		20		—		—

Total		6,048		1,350		418


	Consolidated VIEs		Significant unconsolidated VIEs
2020	Consolidated assets		Total assets		Maximum exposure to loss
	(in billions of yen)
Asset-backed commercial paper/loan programs		2,160		—		—
Asset-backed securitizations		572		77		7
Investments in securitization products		370		—		—
Investment funds		2,694		2,299		514
Trust arrangements and other		19		—		—

Total		5,815		2,376		521

Unconsolidated VIEs

Schedule of Variable Interest Entities

The tables below present the carrying amounts and classification of assets and liabilities on the MHFG Group’s balance sheets that relate to its variable interests in significant unconsolidated VIEs, as of March 31, 2019 and 2020:


Assets on balance sheets related to unconsolidated VIEs:	2019		2020
	(in billions of yen)
Trading account assets		104		108
Investments		168		267
Loans		71		55

Total		343		430


Liabilities on balance sheets and maximum exposure to loss related to unconsolidated VIEs:	2019		2020
	(in billions of yen)
Payables under securities lending transactions		47		47
Trading account liabilities		1		2

Total		48		49

Maximum exposure to loss (Note)		418		521

Note:

This represents the maximum amount the Group could possibly be required to record in its consolidated statements of income associated with

on-balance-sheet

exposures and

off-balance-sheet

liabilities such as undrawn commitments.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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