I This document constitutes the base prospectus of ... - Volksbank AG

poration, nature of business and name of the Obligor of the Main Compartment Asset. Where applicable,
also insert the rating of the Obligor of the Main Compartment Asset and add:
Closer information on the meaning of the rating and the qualifications which have to be observed in connection
therewith can be found on [Moody's Investors Services (www.moodys.com)/ []] home page. A
rating is not a recommendation. The Issuer has not investigated the rating nor the liquidity of the Obligor
of the Main Compartment Asset and assumes no liability for the correctness and fullness of the information
or the liquidity of the Obligor of the Main Compartment Asset]
State Obligor of the Main Compartment Aset is a Entity and a member of either (a) a group of less
than five other Eligible Obligors of the Main Compartment Assets; or (b) accounts for 20% or more of the
Main Compartment Assets; or (c) accounts for a material portion of the Main Compartment Assets and, in
each case, has no securities already admitted to trading on a Regulated Market or an Equivalent Market
[Insert, so long as the Issuer is aware and/or is able to ascertain from information published by[insert the
name of the Obligor of the Main Compartment Asset:
(i) Risk factors in respect of the Obligor of the Main Compartment Asset
[Risk factors applicable to such Obligor shall be included in a supplement to the Prospectus.]
For risk factors applicable to the Obligor, please refer to the supplement to this Prospectus dated [].
(ii) Information about the Obligor of the Main Compartment Asset
[Insert the following: the legal name of the Obligor of the Main Compartment Asset and a brief description
of the Obligor of the Main Compartment Assets position within the national governmental framework; the
domicile or geographical location and legal form of the Obligor of the Main Compartment Asset and its
contact address and telephone number, any recent events relevant to the evaluation of the Obligor of the
Main Compartment Assets solvency, a description of the Obligor of the Main Compartment Assets economy
including: a) the structure of the economy with details of the main sectors of the economy, b) gross
domestic product with a breakdown by the Obligor of the Main Compartment Assets economic sectors over
for the previous two fiscal years, a general description of the Obligor of the Main Compartment Assets
political system and government including details of the governing body of the Obligor of the Main Compartment
Asset. Where applicable, Insert the rating of the Obligor of the Main Compartment Asset and
add:
Closer information on the meaning of the rating and the qualifications which have to be observed in connection
therewith can be found on [Moody's Investors Services (www.moodys.com)/ []] home page. A
rating is not a recommendation. The Issuer has not investigated the rating nor the liquidity of the Obligor
of the Main Compartment Asset and assumes no liability for the correctness and fullness of the information
or the liquidity of the Obligor of the Main Compartment Asset]
(iii) Public finance and trade
[Insert the following: Information on the following for the two fiscal years prior to the date of the purchase
of the Main Compartment Asset: a) the tax and budgetary systems, b) gross public debt including a summary
of the debt, the maturity structure of outstanding debt (particularly noting debt with a residual maturity
of less than one year) and debt payment record, and of the parts of debt denominated in the domestic
currency of the Obligor of the Main Compartment Asset and in foreign currencies, c) foreign trade and
balance of payment figures, d) foreign exchange reserves including any potential encumbrances to such
foreign exchange reserves as forward contracts or derivatives, e) financial position and resources including
liquid deposits available in domestic currency, f) Income and expenditure figures; a description of any
auditing or independent review procedures on the accounts of the Obligor of the Main Compartment Asset]
(iv) Significant change
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