Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

C.1.7Banking Group – servicing: collecting securitized receivables and redeeming securities issuedby vehicle companiesServicerVehiclecompanySecuritized assets30/6/11Receivablescollectedduring the yearPercentage share of securities repaid30/6/11Impaired Performing Impaired Performing Senior Mezzanine JuniorImpairedassetsPerform-ingassetsImpairedassetsPerform-ingassetsImpairdassetsPerformingassetsSelmaBipiemme S.p.A. Quarzo Lease S.r.l. — 378,585 3,252 126,734 — — — — — —SelmaBipiemme S.p.A. Quarzo Lease S.r.l. — 439,692 4,210 139,071 — — — — — —Compass S.p.A. Jump S.r.l. 3,881 475,944 2,284 343,500 — 45.0% — — — —Compass S.p.A. Quarzo S.r.l. 18,836 2,195,117 6,277 1,054,626 — — — — — —Quarzo Lease S.r.l. (SelmaBipiemme Leasing)This special purpose vehicle company currently has two securitizations outstanding, both withSelmaBipiemme as the underlying assets, with the senior tranches on both being underwritten bythe EIB:— the first, which was completed on 25 July 2007, involved the issue of 350 million seniorsecurities and 36.9 million junior securities subscribed for by Selma itself, against €386.9m inperforming receivables; the securitization has a revolving period until July 2016; as at 30 June2011, a further €426m in securities had been sold;— the second deal, completed on 19 May 2009, involved the issue of 350 million seniorsecurities and 100 million junior securities subscribed for by Selma itself, against performingleases worth €450m; the securitization has a revolving period until July 2013; as at 30 June2011 a further €266m in receivables had been sold.Accounts between SelmaBipiemme and vehicle company Quarzo Lease for the year were asfollows:2007 securitization:Amounts collected on behalf of Quarzo Lease € 145.0mServicing fee € 0.09mInterest accruing on junior notes – fixed amount € 0.75mInterest accruing on junior notes – additional amount € 11.2mMay 2009 securitization 2009:Amounts collected on behalf of Quarzo Lease € 165.0mServicing fee € 0.1mInterest accruing on junior notes – fixed amount € 4.1mInterest accruing on junior notes – additional amount € 9.0m174 –