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VOLKSBANK AG – INVESTKREDIT PROFILE
COMPANY NAME AND ADDRESS
Investkredit Bank AG
Kolingasse 14 - 16
1090 Vienna
Tel. +43(0)50 4004-0, Fax +43(0)50 4004-3686
E-mail: investkredit@investkredit.at
Internet: www.investkredit.at
Bic: 18160
Swift: VBOEATWWINV
VAT Number: ATU15348906
Investkredit Bank AG is registered at the Commercial Court of Vienna under the commercial registry number FN 117164a.
RESPONSIBLE REGULATORY AUTHORITY
Investkredit Bank AG is supervised by FMA (Financial Market Authority/Bank Authority)
Praterstraße 23, A-1020 Vienna.
Tel: + 43 (0) 1/249 59-0, Fax: +43 (0) 1/249 59-4499
Internet: www.fma.gv.at
MAIN BUSINESS OPERATIONS
Pursuant to the notification by the Financial Market Authority, Investkredit Bank AG is a financial institution with banking licence,
which encompasses the operations subsumed under § 1 section 1 subsections 1-5, 7-11, 15, 1 and 18 of the Bankwesengesetz
[Federal Law on Banking].
Investkredit Bank AG provides services and auxiliary services in investment and securities, especially with regard to the acquisition
and realisation of securities, as well as the depositing thereof. Information on the costs and ancillary costs may be learnt
from the respective documents, which were sent to the Client in connection with MIFID in October 2007 (“MIFID File”).
If a brochure pursuant to the Kapitalmarktgesetz (KMG) [Capital Market Act] is published for a security issued and publicly
offered by Investkredit Bank AG, then Investkredit Bank AG shall send the stated brochure to the Client on request. If a brochure
pursuant to the Kapitalmarktgesetz (KMG) [Capital Market Act] is published for a security issued and publicly offered by
the Österreichische Volksbanken-AG, then the Österreichische Volksbanken-AG shall hold the stated brochures available for
collection in all bank branches.
COMMUNICATION BETWEEN CLIENT AND BANK
All correspondence (e.g. contracts, business receipts) between Client and Bank shall be carried out either in German
or English.
The following means of communication may be used:
n Personal conversation
n Letter
n Telephone call
n Fax
The Client may assign orders in person or in writing, or, after concluding the appropriate agreement (“Telephone/Fax Agreement”),
per telephone or fax.
December 2010

CLIENT CATEGORISATION
Banks must categorise their Clients as Private Clients, Corporate Clients or Suitable Counterparties.
In accordance with the law, Corporate Clients are federal authorities, the Austrian Federal States, investment firms,
insurances, capital investment companies, and companies which fulfil at least two of the following criteria:
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Total assets amounting to at least EUR 20 m
Net turnover amounting to at least EUR 40 m
Own funds amounting to at least EUR 2 m
Corporate Clients are subject to a lower level of protection in relation to Private Clients. With Corporate Clients,
Investkredit Bank AG shall not be subject to such an encompassing duty to inform. The scope of the acceptance test
shall be reduced and the suitability test shall not be conducted.
Certain legal Corporate Clients may be deemed Suitable Counterparties, provided Investkredit Bank AG concludes or
procures business transactions relating to the stated Clients.
Companies which fulfil the requirements for categorisation as Corporate Clients may also apply to be categorised as
Suitable Counterparty. Suitable Counterparties are subject to the lowest level of protection pursuant to Securities Supervision
Act (WAG) 2007, so that, for instance, the principles of execution of order (execution policies) or acceptance and
suitability tests are not conducted, which means Investkredit Bank AG is, i.a., only obligated to adhere to the regulations
governing conflicts of interest and client categorisation notification.
All Clients who are neither Corporate Clients nor Suitable Counterparties are Private Clients. Corporate Clients or Suitable
Counterparties may, however, request to be treated as Private Clients (or Corporate Clients) at any time, thus receiving
a higher level of protection.
Private Clients receive the highest possible level of protection pursuant to WAG 2007 [Securities Regulation Act 2007].
A Private Client, however, may apply to be categorised as a Corporate Client, if he meets two of the following three
criteria:
n conclusion of an average of 10 transactions of substantial volume per quarter over the previous four quarters
(totalling at least EUR 15,000.–)
n Liquid funds and financial instruments amounting to at least EUR 500,000.–
n A professional post in the financial sector – for the duration of at least one year – which requires knowledge
of the planned business operations and services
TYPE, FREQUENCY AND NOTIFICATION DATES FOR THE REPORTS ON SERVICES PERFORMED
Investkredit Bank AG shall submit an account or confirmation of order to the Client promptly, and no later than the first
business day after execution of order, or - should the confirmation of order be issued by a Third Party - no later than the
first business day after receipt of all relevant data.
Custody account itemisations shall be sent out annually or on request.
INFORMATION ON DEPOSIT INSURANCE AND INVESTOR COMPENSATION
Due to EU directives, all banks in Austria which accept deposits subject to compulsory insurance or provide services in
investment and securities subject to compulsory insurance, are legally obligated to be members of deposit insurance
institutions.
Investkredit Bank AG belongs to the deposit insurance sector of the Verband Österreichischer Banken und Bankiers
GmbH [Austrian Bankers’ Association].
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Deposits or loans and advances to investors from services in investment and securities shall be insured up to the limit
amount of EUR 20,000.– in the event of insolvency, bankruptcy oversight or cessation of payment.
In the case of loans and advances to creditors who do not constitute natural persons, the insurance institution’s liability
shall be limited to 90% of the insured loans and advances – i.e. to the limit amount of EUR 18,000.–.
Compensation for the loss of securities shall also apply if, in the event of insolvency, bankruptcy oversight or cessation
of payment, the investor’s assets are also reduced due to illegal activities which put the bank in a position in which it
can no longer reimburse the investor with the assets.
For further guidelines we refer to the legal regulations of §§ 93, 93a, 93b and 93c of the Bankwesengesetz (BWG)
[Federal Law on Banking] on deposit insurance (including the exceptions pursuant to § 93 section 5 BWG). We will gladly
provide you with these regulations on request.
DEPOSITORY POLICIES
In the case of executed transactions in securities and other financial instruments – such as purchase and sale – including
the associated depositing and administration, and where these operations are not executed by Investkredit Bank AG
directly, Investkredit Bank AG shall deploy external domestic or foreign third party depositories. It shall be noted that
Investkredit Bank AG shall attach utmost importance to careful selection of the appropriate third party depository.
Financial instruments may not be utilised for the accounts of Investkredit Bank without explicit and written authorisation
by the Client.
Investkredit Bank AG strictly separates Client assets from the assets of Investkredit Bank AG.
In the domestic market, the depositing shall occur as collective deposit, of which the Client shall be a proportional
co-proprietor of the collective security funds of the same type – and thus retain the right for segregation in the event
of depository insolvency.
Investkredit Bank AG shall remain liable with regard to its depositing for misconduct by its employees. In the event of a
third party depository being deployed, Investkredit Bank AG shall be liable for the stated depository’s defaults; however,
Investkredit Bank AG shall be liable towards companies only for deficient selection of the third party depository.
In the event of third party depositing abroad, Investkredit Bank AG shall be subject to the valid legal regulations and
practices of the respective country or depository location, as well as the general terms and conditions of the respective
contractual partner. In the event of third party depositing abroad, the foreign third party depository shall receive
regular, explicit, written notifications by Investkredit Bank AG, imparting that the securities deposited for Clients
belong to these Clients and are not owned by Investkredit Bank AG.
Security interest, lien or right of retention of Client securities, may only be asserted by third party depositories if
Investkredit Bank AG fails to fulfil its payment obligations resulting from the business relationship. Such assertion shall
only be possible in the domestic market if loans and advances have arisen in relation to these securities.
Pursuant to the agreed General Terms and Conditions for Banking Operations (ABG), Investkredit Bank AG shall be
entitled to security interest, especially in accordance with items 49ff (lien) and 58ff (right of retention).
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