Disclaimer
1. Content of the online offer
HOIST Group waives and excludes any liability or warranty with regard to accuracy, up-to-dateness and completeness of the information provided on this website. Liability claims against HOIST Kredit AB (and/or any related party) with regard to material and/or non-material damages, which occur by the usage or non-usage of provided information or by the usage of incorrect and/or incomplete information, are strictly excluded, provided that for HOIST Kredit AB no approvable intentional or grossly negligent acting exists. Any offer is without engagement and non-binding. HOIST Kredit AB reserves the right to make changes or updates with respect to or in the Website or the format thereof at any time without notice. HOIST Kredit AB reserves the right to terminate or restrict access to the website for any reason.
2. References and links
For direct or indirect references to external websites (“hyperlinks”), which are outside of HOIST Kredit AB’s responsible area, a liability claim is only applicable in case HOIST Kredit AB has been informed about the contents and if it has been technically possible and reasonable, to avoid the usage in case of illegal contents. Herewith, HOIST Kredit AB points out that at the time of establishing the hyperlink, no information or knowledge about any illegal content has been available. HOIST Kredit AB has no influence on the current and the future design and layout, the contents and/or the authorship of the linked websites. Therefore, it dissociates from all contents of all linked websites, which have been changed after setting the hyperlink. This statement is valid for all links provided and references within its own website, as well as for external entries within the HOIST Kredit AB’s guest book, discussion forums, link directories, mailing lists and/or all other kinds of databases, which are write-accessible. The provider of the respective site is solely and personally liable any for illegal, inaccurate and/or incomplete contents and especially for damages occurred by the usage or non-usage of any provided information thereof, not the person or institution only referring to the links.
3. Copyright and trademark law
HOIST Kredit AB is trying to respect the copyright of all publications of any pictures, graphs, voice documents, video sequences and texts and to use self-produced pictures, graphs, voice documents, video sequences and texts or revert on licence-free graphs, voice documents, video sequences and texts.
All trademarks mentioned and protected by third parties are subject of the respective valid trademark rights and laws and the rights of the respective registered owner without limitation. It cannot be concluded that by not mentioning any protection, pictures, graphs, voice documents, video sequences and/or texts are not trademarked by third parties! The copyright of published objects produced by HOIST remains at the author of the website. Duplication or a usage of such graphs, voice documents, video sequences and/or texts any other electronic and/or printed publications is not allowed without permission of HOIST Kredit AB.
4. Data protection
In case there is a possibility to enter personal or business related data within the internet sites of HOIST Kredit AB (such as mail addresses, names, postal mail addresses etc.), the disclosure is undertaken voluntarily on the part of the user. The usage and payment for all provided services is – if technical possible and reasonable – permitted also without stating such data or under statement of data rendered anonymous and/or a pseudonym. The usage of published contact data such as postal mail addresses, telephone- and/or fax-numbers as well as mail addresses within the imprint or comparable statements via third parties for the distribution of not expressively demanded information is not permitted. The right to open legal proceedings against the sender of so-called spam mails in case of violation against this prohibition is explicit reserved.
5. Legal effectiveness of this disclaimer
This disclaimer is to be regarded as a part of the internet offer, from which it has been referred to this site. Should parts or several wordings in this text not, no longer or not completely be pursuant to the current legal situation, the remaining parts of this document stay valid and are not affected.
Editor and responsible
for the content:
HOIST Kredit AB - Stockholm
P.O. Box
SE-10399 Stockholm
Sverige
Phone +46 (0)8 55 51 77 90
info-s(at)hoist-group.com
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 30 September2011 the HOIST Group’s liquidity reserve amounted to 26 % of the deposits, however, the sum of the liquidity reserve and other liquidity providing measures amounted to 49 % 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, 30 Sep 2011, MSEK
Original own funds: 406
Additional own funds: 46
Deductions: 0
Total own funds, net after deductions: 452
2. Capital requirements, 30 Sep 2011, MSEK
Capital requirement for credit risk: 256
Capital requirement for operational risk: 64
Capital requirement for currency risk: 0
Capital requirement for market risk: 0
Total minimum requirement: 320
3. Pillar I quota
Capital base/total capital requirements: 1,41
HOIST Kredit AB Group
1. Own funds, 30 Sep 2011, MSEK
Original own funds: 374
Additional own funds: 46
Deductions: 0
Total own funds, net after deductions: 420
2. Capital requirements, 30 Sep 2011, MSEK
Capital requirement for credit risk: 258
Capital requirement for operational risk: 84
Capital requirement for currency risk: 2
Capital requirement for market risk: 0
Total minimum requirement: 344
3. Pillar I quota
Capital base/total capital requirements 1,22
HOIST Kredit AB and
HOIST Kredit AB Group
Liquidity Reserve, 30 Sep 2011, MSEK
Liquidity Reserve
Cash and bank balances: 1 162 058
Governmet secuirities treasures: 0
Secured housing bonds: 0
Total liquidity reserve: 1 162 058
Other liquidity providing measures
Other bank balances: 504 653
Other securities: 504 329
Total other liquidity providing measures: 1 008 982
Total liquidity reserve and other liquidity providing measures: 2 171 040
Financing sources
Deposits from the general public: 4 439 095
Financial institutes: 0
Total: 4 439 095
Miscellaneous information
Balance sheet total 5 151 961
Lending to the general public: 2 479 390
Deposits from the general public: 4 439 095
Quota lending/deposits: 0,56
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.
Complaints
If, after the first contact, you still feel that your views have not been taken into account, you can contact our officer responsible for complaints, HOIST International AB, Box 7848, 103 99 Stockholm, info@hoistkredit.se, phone 08-555 177 90. The responsible officer’s task for complaints is to make sure that justified complaints lead to rectification in the individual case and that complaints are handled uniformly and that e.g. system errors within Hoist are corrected.
