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

2.2 Fee and commission income: by product/service distribution channelChannels/Sectors12 mths ended30/6/1112 mths ended30/6/10a) on the Bank’s own premises: 67,725 88,4691. asset management — —2. securities placement 67,725 88,4693. agency fees — —b) elsewhere: — —1. asset management — —2. securities placement — —3. agency fees — —c) other distribution channels: — —1. asset management — —2. securities placement — —3. agency fees — —Total 67,725 88,4692.3 Fee and commission expenseServices/amounts12 mths ended30/6/1112 mths ended30/6/10a) guarantees received — —b) credit derivatives — —c) management and trading services: (12,739) (4,949)1. securities trading (2,273) (2,708)2. foreign currency trading — —3. asset management: — —3.1 proprietary — —3.2 on behalf of customers — —4. securities under custody/held on a non-discretionary basis (1,469) (1,358)5. securities placement (8,997) (883)6. door-to-door sales of securities, products and services — —d) collection and payment services (2,863) (1,891)e) other services (515) (160)Total (16,117) (7,000)– 345