DODD FRANK ACT

Ai sensi del Titolo VII del Dodd-Frank Wall Street Reform and Consumer Protection Act, Intesa Sanpaolo S.p.A. raccomanda di leggere attentamente le informazioni presenti in questo sito relative a tutte categorie di derivati OTC (anche definiti come “swap” ai sensi della normativa statunitense) negoziate da Intesa Sanpaolo S.p.A., al fine di valutare i rischi e le caratteristiche del particolare derivato che si intende negoziare, incluso gli incentivi e i conflitti di interesse che Intesa Sanpaolo S.p.A. potrebbe avere con riferimento a tale particolare derivato.

3 GENERAL DISCLOSURE

This site provides to you access to International Swaps and Derivatives Inc.’s (“ISDA”) documentation (“ISDA Content”) that is comprised of various publications (each, an “ISDA Document”). ISDA holds copyright on certain ISDA Documents and such works may not be reproduced or distributed without ISDA's written permission, except the ISDA Master Agreements, ISDA Credit Support Documents and standardized general and product specific risk disclosures published by ISDA, which may be reproduced and distributed solely for use in documenting specific commercial transactions. Content provided by ISDA is provided on an "as is" "as available" basis and ISDA expressly disclaims all warranties, including the warranties of merchantability, fitness for a particular purpose and non-infringement. Please note that (a) in no event may any copyright or trademark notice from the ISDA be removed; and (b) use of Disclosures documentation should be undertaken only after securing appropriate legal advice on its provisions and ISDA makes no warranty or assurance, express or implied, concerning any of the ISDA Content suitability for use in any particular transaction and bears no responsibility or liability whatsoever, whether in tort or in contract, in respect of any use of the ISDA Content. Each time you access ISDA materials made available to you through this site, you acknowledge and agree to abide by the restrictions and limitations on use, and the limitation on liability.

4 ASSET CLASSES DISCLOSURE

4.1 Interest Rate Products

4.2 FX

4.3 Commodities

4.4 Equity Derivatives

As internal policy applicable to trades with corporate clients and non-swap dealer counterparties, Intesa Sanpaolo requires that all equity derivative transactions are subject to an internal assessment and prior approval by the Product Governance Commission. In this case, if the business function applies for this approval, material disclosures will be provided to the client based on the applicable laws and regulations. Therefore, the products included in the Material Economic Terms are still subject to this approval process if related to corporate clients and non-swap dealer counterparties.

4.5 Credit Derivatives

As internal policy applicable to trades with corporate clients and non-swap dealer counterparties, Intesa Sanpaolo requires that all credit derivative transactions are subject to an internal assessment and prior approval by the Product Governance Commission. In this case, if the business function applies for this approval, material disclosures will be provided to the client based on the applicable laws and regulations. Therefore, the products included in the Material Economic Terms are still subject to this approval process if related to corporate clients and non-swap dealer counterparties.