UBI Banca Group

Orio Finance 3
Originator UBI Banca (formerly BPB Inte Fin –
Dublin)
Issuer
Orio Finance nr 3 Plc
Servicer
Citibank N.A.
Collection Account Bank
Citibank N.A.
Cash Manager
Citibank N.A.
24-7 Finance
Originator
Issuer
Servicer
Quotaholder
Collection Account Bank
Cash Manager
Calculation Agent
Investment Account Bank
Class D Notes Depository
B@nca 24-7 Spa
24-7 Finance Srl
B@nca 24-7 Spa
UBI Banca Scpa
The Bank of New York
The Bank of New York - London Branch
The Bank of New York - London Branch
The Bank of New York
Monte Titoli
Internal risk measurement and monitoring systems connected with securitisation transactions
including measurement, for those transactions originated by the Group, where risks were
transferred to third parties. Illustration of the organisational structure for managing
securitisation transactions including systems for reporting to senior management or to a similar
body.
It was decided to outsource corporate servicing to TMF Management Italy Srl for these
securitisations described above: UBI Finance 2, UBI Finance 3, Lombarda Lease Finance 4
and UBI Lease Finance 5. A professional firm of consultants was appointed for the remaining
securitisations with the exception of 24-7 Finance, for which corporate servicing was
performed by Zenith Service.
It was decided not to outsource IT and accounting operations related to servicer activities.
Continuous cash collection activities were performed by the originators making use, amongst
other things, of the main Group accounting system. This was also useful for reconstructing
movements in the accounts of the securitisation companies and therefore for providing them
with the information needed by the corporate servicers for preparing financial statements.
In order to ensure continuity and effectiveness in the performance of their servicer functions,
appropriate technical and organisational units were created to monitor the various phases of
the securitisation process. Accounting and reporting systems in particular were designed,
which took account of the need to be able to reconstruct all transactions at any moment.
The main units responsible for the management of securitisations are the Finance,
Administration and Operational Control and Risk Control Macro Areas. The roles and tasks
relating to the performance of the various operational phases of servicing and to monitoring
performance data were defined in those units. More specifically, a set of quarterly reports are
prepared to monitor each individual securitisation transaction.
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