Instruction formats for Cross Border links - Monte Titoli

Monte TitoliInstruction formats for Cross Border linksNovember 2013 Version

November 2013Contents1.0 Introduction 62.0 Austria - OeKB 72.1 SWIFT protocol 72.2 RNI protocol 122.3 X-TRM proprietary format 143.0 Belgium - Euroclear Belgium (ESES) 183.1 SWIFT protocol 183.2 RNI protocol 233.3 X-TRM proprietary format 254.0 France - Euroclear France (ESES) 294.1 SWIFT protocol 294.2 RNI protocol 344.3 X-TRM proprietary format 365.0 Germany - Clearstream Banking Frankfurt 405.1 SWIFT protocol 405.2 RNI protocol 485.3 X-TRM proprietary format 506.0 Luxembourg – VP Lux 546.1 SWIFT protocol 546.2 RNI protocol 596.3 X-TRM proprietary format 617.0 Netherlands - Euroclear Nederland (ESES) 65Page 3 of 134

November 20137.1 SWIFT protocol 657.2 RNI protocol 707.3 X-TRM proprietary format 728.0 Spain - Iberclear 768.1 SWIFT protocol 768.2 RNI protocol 809.0 Switzerland – SIX SIS 829.1 SWIFT protocol 829.2 RNI protocol 879.3 X-TRM proprietary format 8910.0 UK and Ireland - Euroclear UK&Ireland (operated by Citi) 9310.1 SWIFT protocol 9310.2 RNI protocol 9810.3 X-TRM proprietary format 10011.0 United States - DTCC 10411.1 SWIFT protocol 10411.2 RNI protocol 10812.0 Euroclear Bank 11012.1 SWIFT protocol 11012.2 RNI protocol 11512.3 X-TRM proprietary format 11713.0 Clearstream Banking Luxembourg 12113.1 SWIFT protocol 12113.2 RNI protocol 12613.3 X-TRM proprietary format 128Page 4 of 134

November 2013Appendix 132Custody systems codes 132Page 5 of 134

November 20131.0 IntroductionThis document contains a detailed description of the instruction formats for all the marketsserved by Monte titoli, within its Cross Border Securities Services (CBSS).A specific chapter will be dedicated to each market, covering all technical protocols available.The following markets are covered:• Domestic CSDs:o Austria - OeKBo Belgium - Euroclear Belgium (ESES)o France - Euroclear France (ESES)o Germany - Clearstream Banking Frankfurto Netherlands - Euroclear Nederland (ESES)o Spain - Iberclearo Switzerland - SIX SISo UK and Ireland - Euroclear UK&Ireland (operated by Citi)o United States - DTCC• International CSDs:o Euroclear Banko Clearstream Banking LuxembourgPage 6 of 134

November 20132.0 Austria - OeKBMonte Titoli has a DvP link in place with Austria's domestic CSD, OeKB.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary format message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary format message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary format message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary format message2.1 SWIFT protocol2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 7 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘O’ for OeKB)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 9 of 134

November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 10 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 11 of 134

November 20132.2 RNI protocol2.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8145100 Fixed value for OeKB701 SECURITY CODE “14”b 701:AT000038611500 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free text759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Page 12 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTESQ: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/OFixed value for OeKB1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 13 of 134

November 20132.3 X-TRM proprietary format2.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountPage 14 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)PRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’Page 15 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S CUSTODY SYSTEMCODETRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 4 O ‘MOTI’A 35 O It contains the following data, separated bya “-“:• Settlement system code (‘O’ for OeKB)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 16 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 17 of 134

November 20133.0 Belgium - Euroclear Belgium (ESES)Monte Titoli has a DvP link in place with Belgium's domestic CSD, Euroclear Belgium (ESESplatform).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary format message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary format message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary format message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary format message3.1 SWIFT protocol3.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 18 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 19 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ for ESES platform)• Code of the custody system of the counterparty (‘G’ forEuroclear Belgium)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 20 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 22 of 134

November 20133.2 RNI protocol3.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value forEuroclear Belgium701 SECURITY CODE “14”b 701: BE000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 23 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/93251F Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/GFixed value forEuroclear Belgium7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 24 of 134

November 20133.3 X-TRM proprietary format3.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 25 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 26 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ for ESESplatform)• Code of the custody system of thecounterparty (‘G’ for EuroclearBelgium)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 27 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 28 of 134

November 20134.0 France - Euroclear France (ESES)Monte Titoli has a DvP link in place with France's domestic CSD, Euroclear France (ESESplatform).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary format message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary format message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary format message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary format message4.1 SWIFT protocol4.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 29 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 30 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ for ESES platform)• Code of the custody system of the counterparty (‘F’ forEuroclear France)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 31 of 134

November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 32 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 33 of 134

November 20134.2 RNI protocol4.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value forEuroclear France701 SECURITY CODE “14”b 701:FR000013000700 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 34 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/47591N Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/FFixed value forEuroclear France7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 35 of 134

November 20134.3 X-TRM proprietary format4.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 36 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 37 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ for ESESplatform)• Code of the custody system of thecounterparty (‘F’ for Euroclear France)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 38 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 39 of 134

November 20135.0 Germany - Clearstream BankingFrankfurtMonte Titoli has a DvP link in place with Germany's domestic CSD, Clearstream BankingFrankfurt (CBF).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary format message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary format message5.1 SWIFT protocol5.1.1 MT542 – Deliver Free of PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMPage 40 of 134

November 2013O :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY for X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence Ait must contain the mandatory instruction number fromMonte Titoli composed of 9 numeric positionsSequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n M SETTLEMENT DATE:O :98A: TRAD :4!c//8!n M TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountM :16R: FIACOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYPage 41 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a Monte Titoli participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by Monte TitoliM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘DAKV’ plus code of theforeign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the foreigncounterpartPage 42 of 134

November 2013O:97B: :SAFE/DAKV/CEND/:4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘DAKV’,type code ‘CEND’ plus code of foreign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesM :16R: SETPRTYM :95Q: BUYR:4!c/8c/34xOOPTIONAL occurrenceBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the foreign intermediary that is the beneficiaryof the operation (format Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of theforeign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E5.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct format of the instruction of the counterpart.Page 43 of 134

November 20135.1.3 MT541/3 – Receive/Deliver Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETPage 44 of 134

November 2013M :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:M :16S: FIACEnd of sequence CThe issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘A’ for CBF)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)Sequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCPage 45 of 134

November 2013O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliO :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.:Page 46 of 134

November 2013BUYRFor messagesMT543:BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 47 of 134

November 20135.2 RNI protocol5.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8131800 Fixed value for CBF701 SECURITY CODE “14”b 701:DE000352796800 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 48 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBEPossible formats:1b/29x1b/”4”b/”2”b/”2”b(/”3”b)R: CSD proprietarycodeS: BIC code7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 49 of 134

November 20135.3 X-TRM proprietary format5.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 50 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O Maximum 3 decimals (according tosettlement currency rules)CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 51 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘A’ for CBF)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 52 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 53 of 134

November 20136.0 Luxembourg – VP LuxMonte Titoli has a DvP link in place with Luxembourg's domestic CSD, VP Lux.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary format message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary format message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary format message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary format message6.1 SWIFT protocol6.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 54 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 55 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘V’ for VP Lux)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 56 of 134

November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 57 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: M :16R:M :19A: M :19A:M :16S: M :16S:End of Sub-sequence E3M :16S: M :16S:End of Sequence EPage 58 of 134

November 20136.2 RNI protocol6.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8575000 Fixed value for VPLux701 SECURITY CODE “14”b 701:LU000193348900 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 59 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/VFixed value for VPLux7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 60 of 134

November 20136.3 X-TRM proprietary format6.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 61 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 62 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘V’ for VP Lux)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 63 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 64 of 134

November 20137.0 Netherlands - Euroclear Nederland(ESES)Monte Titoli has a DvP link in place with the Netherlands' domestic CSD, Euroclear Nederland(ESES platform).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary format message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary format message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary format message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary format message7.1 SWIFT protocol7.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLPage 65 of 134

November 2013M :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:M :16S: TRADDETISIN code of the financial instrumentPage 66 of 134

November 2013End of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ for ESES platform)• Code of the custody system of the counterparty (‘N’ forEuroclear Nederland)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte Titoli(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 67 of 134

November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 68 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 69 of 134

November 20137.2 RNI protocol7.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value forEuroclear Nederland701 SECURITY CODE “14”b 701:NL000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 70 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/48925F Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/NFixed value forEuroclear Nederland7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 71 of 134

November 20137.3 X-TRM proprietary format7.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 72 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 73 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ for ESESplatform)• Code of the custody system of thecounterparty (‘N’ for EuroclearNederland)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 74 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 75 of 134

November 20138.0 Spain - IberclearMonte Titoli has a DvP link in place with Spain's domestic CSD, Iberclear.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 7108.1 SWIFT protocol8.1.1 MT542 – Deliver Free of PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMO :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY for X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1it must contain the mandatory instruction number fromMonte Titoli composed of 9 numeric positionsPage 76 of 134

November 2013M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n O SETTLEMENT DATE:O :98A: TRAD :4!c//8!n O TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a Monte Titoli participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETPage 77 of 134

November 2013M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by Monte TitoliM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘IBRC’ plus code of theforeign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the foreigncounterpartO :97B: :SAFE/IBRC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘IBRC’,type code ‘CEND’ plus code of foreign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 78 of 134

November 2013M:95Q:BUYR:4!c/8c/34xOBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the foreign intermediary that is the beneficiaryof the operation (format Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of theforeign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E8.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct format of the instruction of the counterpart.8.1.3 MT541/3 – Receive/Deliver Against PaymentService currently not provided.Page 79 of 134

November 20138.2 RNI protocol8.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8148800 Possible values:8148800 for SCLVsecurities (equities)8150400 for CADEsecurities(Government Bonds)701 SECURITY CODE “14”b 701:ES011321183500 ISIN code + suffixPage 80 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free text759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBEPossible formats:1b/29x1b/”4”b/”2”b/”2”b(/”3”b)R: CSD proprietarycodeS: BIC code7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 81 of 134

November 20139.0 Switzerland – SIX SISMonte Titoli has a DvP link in with Switzerland's domestic CSD, SIX SIS.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary format message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary format message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary format message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary format message9.1 SWIFT protocol9.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 82 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 83 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘S’ for SIX SIS)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte TitoliM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliO :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 84 of 134

November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.Page 85 of 134

November 2013:95P::95R::95R:SELLFor messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: M :16R: M :16R:M :19A: M :19A: M :19A:M :16S: M :16S: M :16S:End of Sub-sequence E3M :16S: M :16S: M :16S:End of Sequence EPage 86 of 134

November 20139.2 RNI protocol9.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8155100 Fixed value for SIXSIS701 SECURITY CODE “14”b 701:CH003886335000 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 87 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/SFixed value for SIXSIS7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 88 of 134

November 20139.3 X-TRM proprietary format9.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 89 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O Maximum 3 decimals (according tosettlement currency rules)CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'TRADE DATE N 8 O YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 O YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 90 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘S’ for SIX SIS)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 91 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 92 of 134

November 201310.0 UK and Ireland - EuroclearUK&Ireland (operated by Citi)Monte Titoli has a DvP link in with UK and Ireland's domestic CSD, Euroclear UK & Ireland(EUI), which is operated by Citi.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary format message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary format message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary format message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary format message10.1 SWIFT protocol10.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLPage 93 of 134

November 2013M :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:M :16S: TRADDETISIN code of the financial instrumentPage 94 of 134

November 2013End of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘K’ for EUI)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte TitoliM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliPage 95 of 134

November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 96 of 134

November 2013OBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only for MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 97 of 134

November 201310.2 RNI protocol10.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8566700 Fixed value for EUI701 SECURITY CODE “14”b 701:GB00B15KXV3300 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 98 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/KFixed value for EUI1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY7E9 STAMP DUTY RESERVE TAX (“4”b)(/”4”b)(/15n)(/”3”b)7E9:AGEN/TRRE/10000/GBPIt contains thefollowinginformation:Agent indicator +transaction stampstatus + stampableconsideration(amount) +stampableconsideration(currency)Page 99 of 134

November 201310.3 X-TRM proprietary format10.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 100 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 101 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘K’ forEuroclear UK & Ireland)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 102 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 103 of 134

November 201311.0 United States - DTCCMonte Titoli has a FoP link in place with the United States' domestic CSD, DTCC.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 71011.1 SWIFT protocol11.1.1 MT542 – Deliver Free of PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMO :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY for X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1it must contain the mandatory instruction number fromMonte Titoli composed of 9 numeric positionsPage 104 of 134

November 2013M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n M SETTLEMENT DATE:O :98A: TRAD :4!c//8!n O TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a Monte Titoli participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETPage 105 of 134

November 2013M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by Monte TitoliM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘DTCC’ plus code of theforeign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the foreigncounterpartO:97B: :SAFE/DTCC/CEND/:4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘DTCC’,type code ‘CEND’ plus code of foreign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 106 of 134

November 2013M:95Q:BUYR:4!c/8c/34xOBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the foreign intermediary that is the beneficiaryof the operation (format Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of theforeign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E11.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct format of the instruction of the counterpart.11.1.3 MT541/3 – Receive/Deliver Against PaymentService currently not provided.Page 107 of 134

November 201311.2 RNI protocol11.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8162600 Fixed value for DTCC701 SECURITY CODE “14”b 701:US00184A105100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 108 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 774778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBE7E51b/29x1b/”4”b/”2”b/”2”b(/”3”b)7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 109 of 134

November 201312.0 Euroclear BankMonte Titoli has a DvP link in place with Euroclear Bank.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary format message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary format message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary format message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary format message12.1 SWIFT protocol12.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 110 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 111 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘E’ for Euroclear Bank)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte TitoliM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliO :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 112 of 134

November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.Page 113 of 134

November 2013:95P::95R::95R:SELLFor messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only for MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 114 of 134

November 201312.2 RNI protocol12.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:1293400 Fixed value forEuroclear Bank701 SECURITY CODE “14”b 701:BE000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 115 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/EFixed value forEuroclear Bank7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 116 of 134

November 201312.3 X-TRM proprietary format12.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 117 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 118 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘E’ forEuroclear Bank)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 119 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 120 of 134

November 201313.0 Clearstream Banking LuxembourgMonte Titoli has a DvP link in place with Clearstream Banking Luxembourg.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary format message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary format message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary format message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary format message13.1 SWIFT protocol13.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General informationMANDATORYM/OforSWIFTTag Qualifier Format M/O forMonteTitoliNotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 121 of 134

November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM for new messagesCANC for cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY for X-TRM, only for cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only for cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This format allows to indicate settlement date andsettlement Time Out. Time Out is not applicable for CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 122 of 134

November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘C’ for CBL)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at Monte TitoliM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by Monte TitoliO :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 123 of 134

November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by Monte TitoliFor messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(Monte Titoli), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.Page 124 of 134

November 2013:95P::95R::95R:SELLFor messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only for MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 125 of 134

November 201313.2 RNI protocol13.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (MonteTitoli)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:1293200 Fixed value for CBL701 SECURITY CODE “14”b 701:LU015680172100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for thebeneficiary – free textPage 126 of 134

November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/CFixed value for CBL1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 127 of 134

November 201313.3 X-TRM proprietary format13.3.1 Proprietary format message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only for cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 128 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 for FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 129 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘C’ for CBL)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member atMonte TitoliTRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 130 of 134

November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 131 of 134

November 2013AppendixCustody systems codesCodeCEAFOIBSDNPGKHLMJDescriptionClearstream Banking LuxembourgEuroclear BankClearstream FrankfurtEuroclear FranceOeKBIberclear SCLVIberclear CADESIX SISDTCCEuroclear NederlandEuroclear FinlandEuroclear BelgiumEuroclear UK&IrelandBank of GreeceBanque Nationale de BelgiqueInterbolsa (Portugal)KDD (Slovenia)Page 132 of 134

November 2013QVCDCP (Slovak Republic)VP Lux (Luxembourg)Page 133 of 134