Prospectus - Notowania

Part E – Risks ad related risk
management policies
Since insurance companies and other companies don’t represent a significant business, there is no specific section of this
document on their risks and related risk management policies.
Section 1 – Credit Risk
Qualitative Information
As part of the redesign of the Parent Company’s risk management model, a “Global Transaction Team Leader” role (“GTTL”)
was introduced to leverage the expertise of risk managers specializing in products/transactions such as acquisition &
leverage finance, project finance, commodities trade finance and special products, similar to the existing model for the
evaluation of counterparty credit risk performed by the Global Industry Team Leaders specializing in sectorial analysis. A
dedicated project focusing on further improvements in Bank and other Financial Institution risk and country risk optimization
has been launched. For the risk management of these counterparties, the concept of Group Competence Teams has been
introduced to manage these risks for all Group entities at UniCredit Group level.
UniCredit Group has redesigned its global business and credit approach to large multinational clients and customers or
industrial groups holding accounts with more than one Group entity, in order to provide best-in-class service to large
multinational clients, increase value creation, define an effective and consistent credit appetite at UniCredit Group level
towards shared clients, minimize the cost of risk and implement an efficient credit process. This new service model (known
as Global Account Management) is designed to coordinate global business strategy, define global credit risk appetite towards
the managed accounts and identify dedicated relationship and risk managers as coordinators of business and credit, so that
the total credit position can be evaluated and its risk profile be monitored.
Two new Committees tasked respectively with the credit assessment of borrowers on the watch list and under restructuring or
workout have been established. The Group Transactional Credit Committee will now focus on credit underwriting.
In light of current business trends and in order to continue our support to the economy while reducing the cost of risk, action
has been taken to strengthen and optimize monitoring and work out processes and IT tools focussing on a reshaping of the
credit framework and on “friendly collection” in the Retail Strategic Business Area.
Within the framework of the General Group Credit Policy, specific guidelines on structured trade and export finance dsigned
to standardise the management of this business at Group level have been developed, as well as specific instructions to be
followed for commodity trade finance, receivables finance and export finance.
Group credit risk monitoring and reporting were further developed by extending consolidated disclosure to the other important
risk categories.
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
170