IKB Deutsche Industriebank Aktiengesellschaft IKB FINANCE B.V.

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Anwendbares Recht Die Schuldverschreibungen unterliegen deutschem Recht. Erfüllungsort und Gerichtsstand Erfüllungsort hinsichtlich der Verpflichtungen unter den Garantien ist Düsseldorf. Nicht ausschließlicher Gerichtsstand für alle gerichtlichen Verfahren im Zusammenhang mit den Schuldverschreibungen und den Garantien ist Frankfurt am Main. 36
Risk Factors regarding IKB AG RISK FACTORS The following is a disclosure of risk factors that may affect IKB AG’s ability to fulfil its obligations under the Notes and the Guarantees. Prospective investors should consider these risk factors before deciding to purchase Notes issued under the Programme. Prospective investors should consider all information provided in this Prospectus and consult with their own professional advisers if they consider it necessary. In addition investors should be aware that the risks described may combine and thus modify one another. IKB AG has identified and defined the following risk categories. 1. Counterparty and credit risk IKB AG differentiates between credit risk and counterparty risk. The concept of credit risk defines the risk that a loan cannot be repaid at all, or can only be partially repaid (in line with contractual agreement), in the case of default by a contractual partner. IKB AG is exposed to counterparty risk as a consequence of potential replacement risks related to interest rate and currency derivatives, which may be incurred in the event of counterparty default. 2. Market and liquidity risk IKB AG understands market risk as the interest rate, currency and price risks to which equities and other assets are exposed. IKB AG distinguishes two types of liquidity risk: the risk that current or future payment obligations cannot be met on time, or in full; and the risk that required funding can only be obtained at unfavourable market conditions. 3. Country risk The country rating is the key concept employed to assess and manage country risk. IKB AG’s country risk exposure is managed by using limits. 4. Operational risk As defined by the Basel Committee on Banking Supervision, operational risk is the threat of loss resulting from inadequate or failed internal processes or systems, from human error, or from external events or disasters. IKB AG also includes legal risk under operational risks; this is defined as the risk of loss incurred through new legal regulations, changes to existing legal regulations as well as interpretations of new or existing legal regulations that are disadvantageous to IKB AG. ITrisks focus on the measures required to develop our business continuity planning, as well as on the security of the IKB’s IT systems and of its data inventory. 5. General business risk IKB AG defines general business risk as unexpected negative changes in profitability as a result of a deteriorating market environment, changes in the IKB AG’s competitive position or client behaviour, or of changes to the legal framework. 6. Strategic and reputational risk Strategic risks are defined as potential threats to the IKB AG’s long-term profitability. These can be triggered not only by changes in the legal or social environment, but by the market or competitive environment, our customers, or our refinancing partners. 37
Page 1 and 2: This document constitutes two base
Page 3 and 4: tranche of Notes on a regulated mar
Page 5 and 6: I. General GENERAL DESCRIPTION OF T
Page 7 and 8: - the Terms and Conditions will be
Page 9 and 10: ures required to develop IKB AG bus
Page 11 and 12: Index-linked Notes A holder of an I
Page 13 and 14: Major Shareholders With an interest
Page 15 and 16: agement Board and the development o
Page 17 and 18: tion of the Notes will be Euro 1,00
Page 19 and 20: Other Notes Notes may be of any oth
Page 21 and 22: Place of Performance and Jurisdicti
Page 23 and 24: 5. Geschäftsrisiko Unter Geschäft
Page 25 and 26: fig variabel verzinsliche Schuldver
Page 27 and 28: Verwaltungs-, Management-, und Aufs
Page 29 and 30: Organisationsstruktur Die IKB FINAN
Page 31 and 32: Soweit United States Treasury Regul
Page 33 and 34: der jeweiligen Emittentin und dem(n
Page 35: Schuldverschreibungen der emittiere
Page 39 and 40: f) Strategic risks and reputation r
Page 41 and 42: Inverse/Reverse Floating Rate Notes
Page 43 and 44: ment to the contrary unless the amo
Page 45 and 46: Corporate Lending IKB AG’s core c
Page 47 and 48: groups, offer new products (leasing
Page 49 and 50: The current composition of the Supe
Page 51 and 52: Financial Information concerning IK
Page 53 and 54: Cash flow statement Fiscal Year End
Page 55 and 56: Conflict of Interests IKB FINANCE i
Page 57 and 58: TERMS AND CONDITIONS OF THE NOTES G
Page 59 and 60: TEIL I - GRUNDBEDINGUNGEN EMISSIONS
Page 61 and 62: BGB dar, welcher das Recht eines je
Page 63 and 64: Garantie unmittelbar von der Garant
Page 65 and 66: [bei Anwendung der Vorhergegangener
Page 67 and 68: national Swap and Derivatives Assoc
Page 69 and 70: cher nicht vorgesehen ist, vom Verz
Page 71 and 72: auf Zinsen auf die Schuldverschreib
Page 73 and 74: (iv) den Wahl-Rückzahlungsbetrag (
Page 75 and 76: Eine ¾nderung, Abberufung, Bestell
Page 77 and 78: von Zahlungen auf die Garantie, der
Page 79 and 80: genommen wird, unterläßt und dies
Page 81 and 82: schreibungen zahlbaren Beträge zu
Page 83 and 84: [(2)] Mitteilungen an das Clearing
Page 85 and 86: TEIL II - ZUSATZ ZU DEN GRUNDBEDING
Page 87 and 88:
am fünfzehnten Tag vor einem solch
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[§ [12] (MITTEILUNGEN) ist vollst
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Dies sind die endgültigen Bedingun
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CURRENCY, DENOMINATION, FORM, CERTA
Page 95 and 96:
Interest Commencement Date [ ] Verz
Page 97 and 98:
Other Method of Determination/Index
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Final Redemption Amount (for each S
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Paying Agents Zahlstellen Additiona
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C. INFORMATION CONCERNING THE NOTES
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[Underlying is an Interest Rate Bas
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Specify details Einzelheiten einfü
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firm commitment [ ] feste Zusage r
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The Issuer accepts responsibility f
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worden wären. Die Verpflichtung zu
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WHEREAS: Non-binding translation of
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IKB Deutsche Industriebank Aktienge
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keitstag der nachrangigen Schuldver
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WHEREAS: Non-binding translation of
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(5) This subordinated Guarantee is
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the initial subscriber of the Note
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sentative in the Netherlands and to
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starting 1 July 2005, at a rate of
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will have sent to each distributor,
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(iii) it has only communicated or c
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shall be furnished to any potential
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other relevant clearing system (whi
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Comparative table of Documents inco
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IKB AG DOCUMENTS ON DISPLAY Copies
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Citibank, N.A. Citigroup Centre Can
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