Disclaimer

Vos garanties :

Commercial Register: RCS Versailles B 444 611 453 – NAF 748 K – Société par actions simplifiée with a capital of EUR 1.725.000

VAT Reg. no.: FR 78 444 611 453 00028

HOIST KREDIT AB – 38, boulevard Paul Cézanne – 78280 Guyancourt – France
Financial institution registered with the  Banque de France, register number 15578

Président: Costas Thoupos

Debt collection for third parties (decret 96-1112 from 18/12/1996)

Professional liability insurance (Assurance RCP) at AXA Iard

Activities have been authorized by the public prosecutor of the higher courts in Paris and Versailles (Tribunal de grande instance Paris and tribunal de grande instance Versailles)

Separated banking accounts for funds received from our clients with the Banque régionale d'escompte et de dépôt (NATEXIS Group) and with Société Générale

Registered with the national data protection commission, Commission nationale de l'informatique et des libertés (CNIL), for the processing of data handed over by our clients.

All enquiries on access and/or modification of your personal data may be filed at HOIST – Service compliance – 38, boulevard Paul Cézanne, 78280 Guyancourt

Editor and responsible
for the content:

HOIST Kredit AB

38, boulevard Paul Cézanne
78280 Guyancourt
Phone: +33 (0)1 30 03 01 08
Fax : +33 (0)1 30 03 01 60
info-fr@hoist-group.com

Phone (Ex-Créancia Paris) :

+33 (0)1 30 03 00 00                                                                                             Phone (Ex-Créancia Bayonne) : 

+33 (0)5 59 46 02 70

Own Funds, Capital Requirements and Liquidity Reserve:

Hoist Kredit AB, Swedish Company Registration No. 556329-5699 ("HOIST")

This information is in reference to the information that shall be submitted on a periodic basis in accordance with the Capital Adequacy and Large Exposures Act (2006:1533) and the Swedish Financial Supervisory Authority’s (“Finansinspektionen”) regulations and general guidelines regarding public disclosure of information concerning capital adequacy and risk management (FFFS 2007:5). The information regards HOIST as well as the financial group which includes HOIST and its fully owned subsidiaries, which are all completely consolidated (the “HOIST Group”). The subsidiaries are consolidated on the same basis as the HOIST Group accounts.

In accordance with Finansinspektionen's regulations regarding management of liquidity risks in credit institutions and investment firms (FFFS 2010:7), Hoist and the HOIST Group shall hold a separate reserve of high-quality liquid assets to secure its short-term capacity to meet payment obligations in the event of lost or impaired access to regularly available funding sources. HOIST’s and the HOIST Group’s liquidity reserve consist of unencumbered assets that enable the rapid creation of liquidity at foreseeable values, including:

• cash at credit institution;
• deposits with other credit institutions available the following day; and
• other assets that are both liquid on private markets and eligible for refinancing by central banks.
  
  

Pursuant to HOIST’s internal Liquidity Risk Policy, the HOIST Group shall maintain a liquidity reserve corresponding to 30 % of HOIST’s deposits obtained from the general public. As per 31 March 2011 the HOIST Group’s liquidity reserve amounted to 27 % of the deposits, however, the sum of the liquidity reserve and other liquidity providing measures amounted to 48 % of the deposits. These other liquidity providing measures mainly consists of investments in highly rated corporate bonds with good liquidity and cash available at institutions, which could be withdrawn within a few days. The internal liquidity reserve limit was adjusted promptly thereafter and did never jeopardize Hoist’s nor the HOIST Group’s liquidity risk appetite, which shall be low.

HOIST Kredit AB

1. Own funds, 31 Mar 2011, MSEK
Original own funds: 448
Additional own funds: 46
Deductions: 0
Total own funds, net after deductions: 494

2. Capital requirements, 31 Mar 2011, MSEK
Capital requirement for credit risk: 230
Capital requirement for operational risk: 56
Capital requirement for currency risk: 16
Capital requirement for market risk: 0
Total minimum requirement: 302

3. Pillar I quota
Capital base/total capital requirements: 1,64

HOIST Kredit AB Group

1. Own funds, 31 Mar 2011, MSEK
Original own funds: 336
Additional own funds: 46
Deductions: 0
Total own funds, net after deductions: 412

2. Capital requirements, 31 Mar 2011, MSEK
Capital requirement for credit risk: 226
Capital requirement for operational risk: 56
Capital requirement for currency risk: 18
Capital requirement for market risk: 0
Total minimum requirement: 300                                                                

3. Pillar I quota
Capital base/total capital requirements 1,37

HOIST Kredit AB and
HOIST Kredit AB Group

Liquidity Reserve, 31 Mar 2011, kSEK

Liquidity Reserve
Cash and bank balances: 1 141 727
Governmet secuirities treasures: 0
Secured housing bonds: 0
Total liquidity reserve: 1 141 727

Other liquidity providing measures
Other bank balances: 403 420
Other securities: 499 646
Total other liquidity providing measures: 903 066
Total liquidity reserve and other liquidity providing measures: 2 044 794

Financing sources
Deposits from the general public: 4 217 572
Financial institutes: 0
Total: 4 217 572

Miscellaneous information
Balance sheet total 4 831 865
Lending to the general public: 1 953 509
Deposits from the general public: 4 217 572
Quota lending/deposits: 0,46

HOIST Kredit AB Group refers to HOIST Kredit AB and its fully owned subsudiaries, which are all completely consolidated. For this Group based information the subsudiaries are consolidated on the same basis as the HOIST Kredit AB Group accounts.