UBI Banca Group

4.2 Details of item 40 “Financial liabilities held for trading”: subordinated liabilities
No subordinated financial liabilities held for trading have been recognised.
4.3 Details of item 40 “Financial liabilities held for trading”: structured debt
No structured debt financial liabilities held for trading have been recognised.
4.4 Financial liabilities held for trading (excluding “uncovered short positions”): annual
changes
No financial liabilities held for trading have been recognised.
SECTION 5 Financial liabilities held at fair value – Item 50
The UBI Group has not applied the option under IFRS to designate financial liabilities at fair value
(fair value option).
SECTION 6 Hedging derivatives – Item 60
6.1 Hedging derivatives: composition by type of hedge and hierarchical level
Type of derivative /
Fair value 31/12/2011 Nominal
Fair value 31/12/2010
Nominal
Underlying assets
L1 L2 L3 amount L1 L2 L3 amount
A. Financial derivatives - 1,739,685 - 17,604,196 - 1,228,056 - 24,047,341
1) Fair value - 1,739,328 - 17,564,103 - 1,226,673 - 23,949,961
2) Cash flow - 357 - 40,093 - 1,383 - 97,380
3) Foreign investments - - - - - - - -
B. Credit derivatives - - - - - - - -
1) Fair value - - - - - - - -
2) Cash flow - - - - - - - -
Total - 1,739,685 - 17,604,196 - 1,228,056 - 24,047,341
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