Contractual version in force. For the following banks of the Intesa Sanpaolo Group. Intesa Sanpaolo S.p.A. Banco di Napoli S.p.A.

Transcription

1 Contractual version in force For the following banks of the Intesa Sanpaolo Group Intesa Sanpaolo S.p.A. Banco di Napoli S.p.A. Cassa di Risparmio del Veneto S.p.A. Banca CR Firenze S.p.A. Cassa di Risparmio in Bologna S.p.A. Cassa di Risparmio del Friuli Venezia Giulia S.p.A. Cassa dei Risparmi di Forlì e della Romagna S.p.A. Cassa di Risparmio di Pistoia e della Lucchesia S.p.A. Banca Prossima S.p.A.

2 ANALYSIS OF INVESTMENT OBJECTIVES - LEGAL PERSONS/ELECTIVE PROFESSIONAL COMPANIES PORTFOLIO The Financial Profile analysis is performed by referring to a general index number (NSG). The NSG is an internal code used by the Bank to group together all relationships in the name of the same counterparty. NSG Account holder: Relationships Situation as at: Financial products classification other than OTC derivatives: [ ] Elective retail customer [ ] Per Se Retail customer [ ] Elective Professional customer [ ] Per Se Professional customer Classification in OTC derivatives products: [ ] Elective retail customer [ ] Per Se Retail customer [ ] Elective Professional customer [ ] Per Se Professional customer The customer intends like to trade in OTC Derivatives also in the future: [ ] Yes [ ] No Relevance of the questionnaire Collecting data and information about the Company s characteristics and needs is an essential condition for the Bank to best provide the consultancy service for trading in OTC Derivatives. It is important that the information and data that you provide us are complete, true, and upto-date since the Bank uses them to formulate recommendations that meet the needs and objectives of the Company. Based on the information held, or provided by, the Company, the Bank formulate recommendations that meet the financial characteristics of the Company. In case it is not provided with complete, true and up-to-date information, the Bank cannot provide the consultancy service. The adequacy assessment prepared by the Bank requires knowledge of the individual authorised to operate in name and on behalf of the Company with regard to his/her financial knowledge and experience, as well as the financial position and investment objectives of the Company itself. In addition to the foregoing, the Bank classifies its products based on the degree of complexity and risk thereof, in order to propose its risk management solutions in a manner that is consistent with the characteristics of the Company. Every customer has financial objectives that are based on their investment needs and preferences. A careful definition of the objectives allows the customer to evaluate which risk(s) it is capable to bear Risk appetite It represents the willingness to bear pecuniary losses arising out of negative market fluctuations. The higher a customer s risk appetite, the more it must be willing to accept, (also relevant) fluctuationsin the transactions s value. In this questionnaire, the words: Legal Person or Company shall mean any person other than a natural person irrespective of its legal form and whether or not having legal personality according to the law provisions in force. Customer shall mean the Legal Person or Company as defined above holder of each relationship. Page 2 of 5

3 ANSWERS TO THE QUESTIONNAIRE Financial Overview The assessment of the Company s financial situation is done to ensure that the investment risks can be borne. In this regard, the Bank intends to acquire information, if still missing, related to the Company s financial situation. The ratings classes are grouped as follows: From I1 to I3 From I4 to I6 From M1 to M4 From R1 to R5 or worse What is the Company s balance sheet total (Assets)? What is the amount of company revenues (sales, turnover,...)? Up to 10,000,000 Euro Exceeding 10,000,000 Euro - up to 40,000,000 Euro Exceeding 40,000,000 Euro - up to 70,000,000 Euro Exceeding 70,000,000 Euro What was last year s reported net income? What is the amount of the Company s third party indebtedness (banks, suppliers,...)? Page 3 of 5

4 Objectives The definition of objectives permits to set the maximum risk level that the Company can bear when trading in financial instruments. This level is set based both on the objective ability of the Company to bear the risk, determined by the Bank through the analysis of the financial overwiew, and the Company s risk appetite( determined by the Bank through the following questions). What goals has the Company set with regard to trading in OTC derivative instruments? Pursue a goal of maximum risk mitigation through products characterised by their simplicity and through the use of technical forms, possibly combined typically found in the financial markets. Pursue a goal of risk mitigation through products that are more complex in terms of their structure even though they are also meant to define the Customer s financial flows. Pursue a goal of risk mitigation through structured products that offer conditional protection until a predetermined event occurs. Pursue a goal of optimising the financial management of their own transactions even by assuming very high levels of risk through the use of management products that may not be intended for hedging. Bearing of a risk related to transactions in OTC Derivatives With regard to the goal indicated in the previous question, does the Company accept, also in the context of hedging strategies, the possibility to suffer negative financial flows, that may not be quantifiable or that are different from those originally expected, and are tied to a single OTC Derivative transaction? No Yes Page 4 of 5

5 IDENTIFYING THE FINANCIAL PROFILE Dear Customer, on the basis of the responses provided in relation to the objectives pursued by the Company through OTC Derivative transactions, the Bank assigns the Company the following Financial Profile, which it will use to evaluate the adequacy of the OTC derivative transactions carried out by the Company. OMISSIS The information that you have provided is valid from today s date. Variations in the above mentioned information that may result in changes to the Financial Profile must be promptly communicated to the Bank. The Customer declares that he/she has received a copy of this document. Place and date Company name Title Company name Title The operator: (Bank Name) Page 5 of 5