13. Other financial assets

At December 31, 2014, Other fi nancial assets totaled €458,693 thousand (€11,175 thousand at December 31, 2013) and represent essentially the loan extended to CNH Industrial America LLC whith due date January 2016 (€320,965 thousand). The remaining amount (€137,728 thousand) refers to the present value of the fees that the Company will collect in future years based on specifi c agreements for guarantees issued in favor of third parties for credit facilities granted to Group companies.