consolidated annual report - Gruppo Banca Sella

SECTION 2
COMMISSIONS
2.1 Caption 40 “Fees and commissions receivable”. Composing items
2004 2003
a) Guarantees given 2.284 2.307
b) Credit derivatives - -
c) Asset management, dealing and consulting: 168.442 156.869
1. securities dealing* 55.367 55.440
2. currencies dealing 1.283 1.104
3. asset management:
3.1 individual 28.978 27.862
3.2 collective 36.084 34.948
4. securities custody and administration 2.229 1.997
5. custodian bank services 9.156 8.287
6. securities placement (including mutual funds quotas) 8.644 5.468
7. acceptance of orders* 13.400 10.269
8. consultancy activities 932 861
9. distribution of third parties services:
9.1 assets under management
a. individual 43 39
b. collective - -
9.2 insurance products 8.085 5.422
9.3 other products 4.241 5.172
d) Payment and collection services 84.151 72.540
e) Servicing for securitization operations 958 1.170
f) Tax collection services - -
g) Other services 42.916 39.392
Total 298.751 272.278
* To make comparison homogeneous please note that in 2003 an amount of € 1,1 million was transferred from item c) 1. securities dealing to item c) 7. acceptance of orders.
2.2 Caption 40 “Fees and commissions receivable”. Detailed items: distribution channels of products
and services
2004 2003
a) Own branches: 75.131 71.663
1. assets under management 60.531 58.339
2. securities placement 4.271 3.710
3. third parties’ products and services 10.329 9.614
b) “Door-to-door” sale: 10.944 7.248
1. assets under management 4.531 4.471
2. securities placement 4.373 1.758
3. third parties’ products and services 2.040 1.019
Total 86.075 78.911
Consolidated annual report 2004 - 265