Prospectus UBI Banca Covered Bond Programme

Prospectus
"Commercial Mortgage Loan" means, pursuant to article 2, sub-paragraph 1, of Decree 310 a commercial
mortgage loan which has an LTV that does not exceed 60 per cent. and for which the hardening period with
respect to the perfection of the relevant mortgage has elapsed.
"Commercial Mortgage Loan Agreement" means any commercial mortgage loan agreement out of which
Receivables arise.
"Commingling Amount" means an amount calculated by the Issuer equal to the expected maximum amount of
monthly Collections and Recoveries calculated in respect of the next following 12 calendar months and
considering a 10 per cent. cumulative prepayment ratio.
"Common Criteria" means the criteria of selection of the Portfolio, as described in section "Description of the
Cover Pool" above.
"Conditions" means the Terms and Conditions of the Covered Bonds and "Condition" means a clause of them.
"CONSOB" means Commissione Nazionale per le Società e la Borsa.
"Consolidated Banking Act" means Legislative Decree No. 385 of 1 September 1993.
"Corporate Services Agreement" means the corporate services agreement entered into on or about 30 July
2008 between the Guarantor and the Guarantor Corporate Servicer.
"Covered Bonds" means each Series of covered bonds (obbligazioni bancarie garantite) issued or to be issued
by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.
"Covered Bond Guarantee" means the guarantee issued by the Guarantor for the purpose of guaranteeing the
payments due by the Issuer in respect of the Covered Bonds and the Other Issuer Creditors, in accordance with
the provisions of the Securitisation and Covered Bond Law, Decree 310 and the Bank of Italy Regulations.
"Covered Bond Instalment Amount" means the principal amount of a Series of Covered Bonds to be redeemed
on a Covered Bond Instalment Date as specified in the relevant Final Terms.
"Covered Bond Instalment Date" means a date on which a principal instalment is due on a Series of Covered
Bonds as specified in the relevant Final Terms.
"Covered Bond Instalment Extension Determination Date" means, with respect to any Covered Bond
Instalment Date, the date falling seven Business Days after such Covered Bond Instalment Date.
"Covered Bondholders" means the holders of each Series of Covered Bonds.
"Cover Pool" means the cover pool constituted by, collectively, any Eligible Assets and Top-Up Assets held by
the Guarantor in accordance with the provisions of the Securitisation and Covered Bond Law, the Decree 310
and the Bank of Italy Regulations.
"Cover Pool Management Agreement" means the cover pool management agreement entered into on or on or
about 30 July 2008 between the Issuer, the Guarantor, the Sellers, the Representative of the Covered
Bondholders, the Calculation Agent and the Asset Monitor.
"Credit and Collection Policy" means the procedures for the management, collection and recovery of
Receivables attached as schedule 1 (Procedure di Riscossione) to the Master Servicing Agreement.
"Criteria" means, collectively, the Common Criteria, the Specific Criteria and any Further Criteria.
"Dealer" means each of Barclays Bank PLC, CALYON, Commerzbank Aktiengesellschaft, Deutsche Bank
Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, ING Bank N.V.,
Landesbank Baden-Württemberg, Natixis, Nomura International plc, Société Générale and UBS Limited and any
other entity which may be nominated as such by the Issuer pursuant to the Programme Agreement.
"Debtor" means any borrower and any other person, other than a Mortgagor, who entered into a Mortgage Loan
Agreement as principal debtor or guarantor or who is liable for the payment or repayment of amounts due in
respect of a Mortgage Loan, as a consequence, inter alia, of having granted any Collateral Security or having
assumed the borrower's obligation under an accollo, or otherwise.
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