Prospectus - Notowania

Here follows the breakdown of balance-sheet asset item 20 “Financial assets held for trading” and of balance-sheet liability
item 40 “Financial liability held for trading”.
To make the distinction between customers and banking counterparties, the definition contained in Banca d’Italia Circular No.
262 of December 22, 2005 (which was used for the preparation of the accounts) was used as a reference.
Structured products were defined as derivative contracts that incorporate in the same instrument forms of contracts that
generate exposure to several types of risk (with the exception of cross currency swaps) and/or leverage effects.
The balance of item 20 “Financial assets held for trading” of the consolidated accounts with regard to derivative contracts
totaled € 87,854 million (with a notional value of € 1,941,647 million) including € 23,768 million with customers. The notional
value of derivatives with customers amounted to € 457,719 million including € 437,416 million in plain vanilla (with a fair value
of € 22,996 million) and € 20,303 million in structured derivatives (with a fair value of € 772 million). The notional value of
derivatives with banking counterparties totaled € 1,483,928 million (fair value of € 64,086 million) including € 148,553 million
related to structured derivatives (fair value of € 3,896 million).
Customers entered into a total of 4,831 structured derivative contracts with the Group that are reported in balance-sheet
asset item 20 “Financial assets held for trading”. Of these, the largest 20 customers in terms of exposure cover 36% of overall
exposure (generating exposure of € 277 million for the Group).
The balance of item 40 “Financial liabilities held for trading” of the consolidated accounts with regard to derivative contracts
totaled € 90,801 million (with a notional value of € 1,620,759 million) including € 15,688 million with customers. The notional
value of derivatives with customers amounted to € 313,192 million including € 297,877 million in plain vanilla (with a fair value
of € 15,248 million) and € 15,315 million in structured derivatives (with a fair value of € 440 million). The notional value of
derivatives with banking counterparties totaled € 1,307,567 million (fair value of € 75,113 million) including € 121,890 million
related to structured derivatives (fair value of € 3,331 million).
CONSOLIDATED INTERIM REPORT
AS AT SEPTEMBER 30, 2009
194