Prospectus - Notowania

RWA (Risk-weighted asset) Value weighted for the risk relating to the assets on and
off the balance sheet. According to the type of asset, the
risk is calculated by means of use of internal methods
(validated by the supervisory authorities) or
standardized methods. The assets included among riskweighted
assets and the related weighting criteria are
detailed in the “New prudent supervisory provisions for
Banks” (Circular No. 263 dated December 27, 2006
and subsequent amendments).
Ponzi scheme Fraudulent economic model for the sale of financial
investments which promises victims high profits.
Despite this model having adopted various forms over
time, the typical characteristics are: (i) the promise to
investors of high profits over the short term; (ii) scant
transparency regarding the nature of the investment;
(iii) an offer made to a public which is not competent
with regard to financial matters. In practice, the party
who resorts to a Ponzi Scheme offers his investors
periodic coupons or payments, fed by payments made
by new parties involved in the con so that, attracted by
the large profits expected, other parties are also willing
to invest and fuel the system. The final outcome of a
Ponzi scheme is that at a certain point the system will
no longer be able to make the periodic payments and/or
repay the capital to the investors.
Stress-testing Process for carrying out stress tests or quantitative and
qualitative techniques via which the banks assess their
vulnerability to exceptional but plausible events
Tier I Ratio The ratio between the Tier I and risk-weighted assets
(RWA).
Total Capital Ratio The ratio between the Total Capital and risk-weighted
assets (RWA).
US Subprime Loans disbursed – typically on the US market – to
counterparts characterized by past difficulties in
servicing the debt such as episodes of delayed
payments, insolvency or bankruptcy, or who present a
higher than average probability of default, due to a high
instalment/income or debt/guarantee ratio.
Wealth Management Activities which include Asset Management and
insurance activities (life business).
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