Prospectus - Notowania

GLOSSARY
A list of the technical terms used in the Prospectus is presented below. These terms have the following
meaning, unless specified otherwise.
ABS Acronym of Asset Backed Securities; debt securities
generally issued by a special purpose vehicle, backed
by portfolios of various types of assets, such as
mortgage loans, consumer credit, receivables deriving
from credit card transactions. The repayment of the
principal and the payment of the interest depend on the
performances of the assets securitized and any
additional guarantees supporting the transaction. The
ABS are divided up into various categories (senior,
mezzanine, junior) according to the priority assigned
them with regard to the repayment of the principal and
the interest.
Acquisition finance Loans serving company acquisition transactions.
ALT-A Loans granted to counterparts which, while not subject
to significant problems when servicing the debt that
would qualify them as subprime, have risk profiles with
high debt/guarantee, instalment/income ratios or
incomplete documentation regarding the debtor’s
income.
Asset Management Asset management and administration activities on
behalf of customers, under various forms.
ATM Acronym of Automated Teller Machine. Automatic
machine which carries out operations, such as cash
withdrawals, paying in of cash and cheques, account
information requests, credit transfers, utility payments,
telephone recharges. The terminal is activated by
introducing a credit or debit card and punching in a
specific PIN code.
Next generation ATM Latest generation ATMs which permit the customer to
perform typical ATM activities as well as pay in cash
and cheques.
Bancassurance Term used to refer to the series of dealings which may
occur between banks and insurance companies both
with regard to corporate structures and in relation to the
creation of integrated retail systems. With regard to the
latter aspect, the sale of insurance products via bank
branches takes on distinct importance.
- 16 -