GENERAL MEETING DRAFT - Bankier.pl

ORIGINATOR: UniCredit Leasing S.p.A. (ex Locat S.p.A.)
STRATEGIES, PROCESSES AND GOALS: The main reasons for these transactions are: improved asset allocation,
diversification of funding sources and improved Regulatory Ratios.
INTERNAL MEASUREMENT AND RISK MONITORING SYSTEMS: Each portfolio is monitored on an ongoing basis and is described in
monthly and quarterly reports (required by the agreements) with a break
down of loans by status and the trend of repayments.
ORGANISATIONAL STRUCTURE AND SYSTEM FOR
REPORTING TO SENIOR MANAGEMENT:
2009 CONSOLIDATED REPORTS AND ACCOUNTS
Coordination Structure was set up in the Accounts Department. The Board
of is provided with a report with a break down of repayments and the
status of loans.
HEDGING POLICIES: The Special Purpose Vehicle bought IRSs as fair value hedge and Basis
Swaps as Cash flow hedge (and related back to back between Originator
and Counterparty).
OPERATING RESULTS: The results of securitized loans were impacted by the particular
macroeconomic situation and showed an increase in default positions.
However, this trend is in line with other loans of the company, as well as
with the yield of investments having a similar level of risk.
Transactions previous periods
NAME
Type of securitisation:
Originator:
Issuer:
Servicer:
Arranger:
Target transaction :
Type of asset:
Quality of Asset:
Closing date:
Nominal Value of disposal portfolio :
Guarantees issued by the Bank:
Guarantees issued by Third Parties :
Bank Lines of Credit :
Third Parties Lines of Credit :
Other Credit Enhancements :
Other relevant information :
Rating Agencies:
Amount of CDS or other supersenior risk transferred
:
Locat SV - Serie 2-2008
Traditional
Locat S.p.A.
Locat SV S.r.l.
UniCredit Leasing S.p.A.
UniCredit Bank AG London Branch
Counterbalancing capacity
Leasing loans bearing car, capital goods, real estate and crafts.
performing
06/11/2008
� 2,596,454,676
-
-
-
-
-
Self-securitization; revolving
Standard & Poor's
-
Locat SV - Serie 1 2008
Traditional
Locat S.p.A.
Locat SV S.r.l.
UniCredit Leasing S.p.A.
UniCredit Bank AG London Branch
Counterbalancing capacity
Leasing loans bearing car, capital goods and real estate.
performing
22/04/2008
� 2,488,922,538
-
-
-
-
-
Self-securitization; revolving
Standard & Poor's / Moody's
-
Amount and Conditions of tranching:
. ISIN IT0004432941 IT0004432933 IT0004372253 IT00044372261
. Type of security Senior Junior Senior Senior
. Class A B A1 A2
. Rating AAA n.r. AAA/Aaa AAA/Aaa
. Nominal value issued � 2,300,500,000 � 295,954,676 � 550,000,000 � 1,591,000,000
. Nominal value at the end of accounting period � 2,300,500,000 � 295,954,676 � 497,015,090 � 1,591,000,000
.ISIN IT0004372279 IT0004372287
.Typeofsecurity Mezzanine Mezzanine
.Class B C
BBB/A3
.Rating A/Aa3
(from 03/04/10 BB/A3)
. Nominal value issued � 141,000,000 � 61,000,000
. Nominal value at the end of accounting period � 141,000,000 � 61,000,000
.ISIN IT0004372295
.Typeofsecurity Junior
.Class D
.Rating n.r.
. Nominal value issued � 145,922,536
. Nominal value at the end of accounting period � 145,922,536
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