Obbligazione AgriCredit Italia S.p.A 1.085% ( IT0005416323 ) in EUR

AgriCredit Italia S.p.A

100 EUR ⇌

Italia

IT0005416323 ( in EUR )

1.085% per anno ( pagato 1 volta l'anno)

20/07/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Credit Agricole Italia S.p.A IT0005416323 in EUR 1.085%, scaduta

Crédit Agricole Italia S.p.A. è una banca commerciale italiana, parte del gruppo Crédit Agricole S.A., che offre una vasta gamma di servizi finanziari a privati, aziende e istituzioni.

The Obbligazione issued by AgriCredit Italia S.p.A ( Italy ) , in EUR, with the ISIN code IT0005416323, pays a coupon of 1.085% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 20/07/2023

Crédit Agricole Italia S.p.A.
(incorporated with limited liability as a "Società per Azioni" under the laws of the Republic of Italy and
registered at the Companies' Registry of Parma under registration number 02113530345)
Euro 16,000,000,000 Covered Bond (Obbligazioni Bancarie Garantite) Programme
unconditional y and irrevocably guaranteed as to payments
of interest and principal by
Crédit Agricole Italia OBG S.r.l.
(incorporated as a limited liability company in the Republic of Italy and registered at the Companies'
Registry of Milan under registration number. 07893100961)
Except where specified otherwise, capitalised words and expressions in this Base Prospectus have the
meaning given to them in the section entitled "Glossary".
Under this Euro 16,000,000,000 covered bond programme (the "Programme"), Crédit Agricole Italia S.p.A.
("Crédit Agricole Italia" or the "Issuer") may from time to time issue obbligazioni bancarie garantite (the
"Covered Bonds") denominated in any currency agreed between the Issuer and the relevant Dealer(s). The
maximum aggregate nominal amount of all Covered Bonds from time to time outstanding under the
Programme will not exceed Euro 16,000,000,000 (or its equivalent in other currencies calculated as described
herein). Crédit Agricole Italia OBG S.r.l. (the "Guarantor") has guaranteed payments of interest and principal
under the Covered Bonds pursuant to a guarantee (the "Covered Bond Guarantee") which is collateralised by a
pool of assets (the "Cover Pool") made up of a portfolio of mortgages assigned to the Guarantor by the Sellers
and certain other assets held by the Guarantor, including funds generated by the portfolio and such assets,
pursuant to Article 7-bis of Italian law No. 130 of 30 April 1999, as amended from time to time (the
"Securitisation and Covered Bond Law") and regulated by the Decree of the Ministry of Economy and Finance
of 14 December 2006, No. 310, as amended from time to time (the "Decree No. 310") and the supervisory
guidelines of the Bank of Italy set out in Part I I, Chapter 3 of the "Disposizioni di vigilanza per le banche"
(Circolare No. 285 of 17 December 2013), as amended and supplemented from time to time (the "Bank of
Italy Regulations"). Recourse against the Guarantor under the Covered Bond Guarantee is limited to the Cover
Pool.
This Base Prospectus has been approved by the Commission de Surveillance du Secteur Financier (the "CSSF"),
which is the competent authority under Regulation (EU) 2017/1129 (the "Prospectus Regulation") in the Grand
Duchy of Luxembourg, as a base prospectus for the purpose of article 8 of the Prospectus Regulation. The
CSSF only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and
consistency imposed by the Prospectus Regulation. Approval by the CSSF should not be considered as an
endorsement of the Issuer or the Guarantor or the quality of the Covered Bonds that are subject to this Base
Prospectus. Investors should make their own assessment as to the suitability of investing in Covered Bonds.
Application has also been made for Covered Bonds issued under the Programme during the period of 12
(twelve) months from the date of this Base Prospectus to be listed on the official list of the Luxembourg Stock
Exchange and admitted to trading on the regulated market of the Luxembourg Stock Exchange, which is a
regulated market for the purposes of Directive 2014/65/EU. As referred to in Article 6(4) of the Luxembourg
law on prospectuses for securities of 16 July 2019, by approving this Base Prospectus, in accordance with

Article 20 of the Prospectus Regulation, the CSSF does not engage in respect of the economic or financial
opportunity of the operation or the quality and solvency of the issuer.
This Base Prospectus is valid for 12 months from its date in relation to Covered Bonds which are to be
admitted to trading on a regulated market in the European Economic Area (the EEA). The obligation to
supplement this Base Prospectus in the event of a significant new factor, material mistake or material
inaccuracy does not apply when this Base Prospectus is no longer valid.
An investment in Covered Bonds issued under the Programme involves certain risks. See the section entitled
"Risk Factors" of this Base Prospectus for a discussion of certain risks and other factors to be considered in
connection with an investment in the Covered Bonds.
The Covered Bonds will be issued in dematerialised form and will be held on behalf of their ultimate owners
by Monte Titoli S.p.A. whose registered office is in Milan, at Piazza degli Affari, No.6, Italy ("Monte Titoli") for
the account of the relevant Monte Titoli account holders. Monte Titoli will also act as depository for Euroclear
Bank S.A./N.V. ("Euroclear") and Clearstream Banking, société anonyme, 42 Avenue JF Kennedy, L-1855,
Luxembourg ("Clearstream"). The Covered Bonds issued in dematerialised form will at all times be held in
book entry form and title to the Covered Bonds will be evidenced by book-entries in accordance with the
provisions of Legislative Decree No. 58 of 24 February 1998, as amended and supplemented (the "Financial
Laws Consolidated Act") and implementing regulations and with the joint regulation of the Commissione
Nazionale per le Società e la Borsa ("CONSOB") and the Bank of Italy dated 13 August 2018 and published in
the Official Gazette No. 201 of 30 August 2018, as subsequently amended and supplemented. No physical
document of title will be issued in respect of the Covered Bonds issued in dematerialised form.
Each Series or Tranche may, on or after the relevant issue, be assigned a rating specified in the relevant Final
Terms by any rating agency which may be appointed from time to time by the Issuer in relation to any
issuance of Covered Bonds or for the remaining duration of the Programme, to the extent that any of them at
the relevant time provides ratings in respect of any Series of Covered Bonds. Whether or not each credit rating
applied for in relation to relevant Series of Covered Bonds will be issued by a credit rating agency established
in the European Union or in the United Kingdom ("UK") and registered under Regulation (EC) No. 1060/2009
on credit rating agencies as amended from time to time (the "CRA Regulation") will be disclosed in the Final
Terms. The credit ratings included or referred to in this Base Prospectus have been issued by the Rating
Agencies, each of which is established in the European Union or the UK and has been registered under the
CRA Regulation as set out in the list of credit rating agencies registered in accordance with the CRA
Regulation published on the website of the European Securities and Markets Authority ("ESMA") pursuant to
the
CRA
Regulation
(for
more
information
please
visit
the
ESMA
webpage
http://www.esma.europa.eu/page/List-registered-and-certified-CRAs). In general, European regulated
investors are restricted from using a rating for regulatory purposes if such rating is not issued by a credit
rating agency established in the European Union or the UK and registered under the CRA Regulation (and
such registration has not been withdrawn or suspended).
A credit rating is not a recommendation to buy, sel or hold Covered Bonds and may be revised or withdrawn
by any or al of the Rating Agencies and each rating shal be evaluated independently of any other.
The Covered Bonds of each Series or Tranche will mature on the date mentioned in the applicable Final Terms
(each a "Maturity Date"). Before the relevant Maturity Date, the Covered Bonds of each Series or Tranche will
be subject to mandatory and/or optional redemption in whole or in part in certain circumstances (as set out
in the Conditions (as defined below)).
MILAN-1-300135-v12
- 2 -
47-40333929

Interest amounts payable on Floating Rate Covered Bonds may be calculated by reference to one of LIBOR and
EURIBOR as specified in the relevant Final Terms. As at the date of this Base Prospectus, the European Money
Markets Institute, as administrator of EURIBOR, and the ICE Benchmark Administration, as administrator of
LIBOR, are included in ESMA's register of administrators under Article 36 of the Regulation (EU) No.
2016/1011 (the "Benchmarks Regulation").
Prospective investors should have regard to the factors described under the section headed "Risk Factors" in
this Base Prospectus.

Arranger for the

Programme

Crédit Agricole Corporate

& Investment Bank, Milan
branch
Dealer for the Programme
Crédit Agricole Corporate
& Investment Bank
The date of this Base Prospectus is 26 March 2020.
MILAN-1-300135-v12
- 3 -
47-40333929

RESPONSIBILITY STATEMENTS
The Issuer accepts responsibility for the information contained in this Base Prospectus.
To the best of the knowledge and belief of the Issuer, (which has taken all reasonable care to ensure that
such is the case) such information is in accordance with the facts and does not omit anything likely to affect
the import of such information.
The Guarantor accepts responsibility for the information included in this Base Prospectus in the sections
headed "The Guarantor" and any other information contained in this Base Prospectus relating to itself. To the
best of the knowledge and belief of the Guarantor, (which has taken all reasonable care to ensure that such is
the case) such information is in accordance with the facts and does not omit anything likely to affect the
import of such information.
NOTICE
This Base Prospectus is a Base Prospectus for the purposes of Article 8 of the Prospectus Regulation and for
the purposes of giving information which, according to the particular nature of the Covered Bonds, is
necessary to enable investors to make an informed assessment of the assets and liabilities, financial position,
profit and losses and prospects of the Issuer and of the Guarantor and of the rights attaching to the Covered
Bonds.
This Base Prospectus should be read and understood in conjunction with any supplement thereto and with
any document incorporated herein by reference (see section "Information incorporated by reference"). Ful
information on the Issuer and any Series of Covered Bonds is only available on the basis of the combination
of the Base Prospectus and the relevant Final Terms.
Capitalised terms used in this Base Prospectus shal have the meaning ascribed to them in the "Terms and
Conditions of the Covered Bonds" below, unless otherwise defined in the single section of this Base
Prospectus in which they are used. For the ease of reading this Base Prospectus, the "Glossary" below
indicates the page of this Base Prospectus on which each capitalised term is first defined.
The Issuer has confirmed to the Dealer (as defined herein) that this Base Prospectus contains al information
with regard to the Issuer and the Covered Bonds which is material in the context of the Programme and the
issue and offering of Covered Bonds thereunder; that the information contained herein is accurate in all
material respects and is not misleading; that any opinions and intentions expressed by it herein are honestly
held and based on reasonable assumptions; that there are no other facts with respect to the Issuer, the
omission of which would make this Base Prospectus as a whole or any statement therein or opinions or
intentions expressed therein misleading in any material respect; and that all reasonable enquiries have been
made to verify the foregoing.
No person has been authorised by the Issuer to give any information which is not contained in or not
consistent with this Base Prospectus or any other document entered into in relation to the Programme or any
information supplied by the Issuer or such other information as in the public domain and, if given or made,
such information must not be relied upon as having been authorised by the Issuer, the Dealer or any party to
the Transaction Documents (as defined in the Conditions).
This Base Prospectus is valid for twelve months following its date of publication and it and any supplement
hereto as well as any Final Terms filed within these twelve months reflects the status as of their respective
dates of issue. The offering, sale or delivery of any Covered Bonds may not be taken as an implication that
the information contained in such documents is accurate and complete subsequent to their respective dates
MILAN-1-300135-v12
- 4 -
47-40333929

of issue or that there has been no adverse change in the financial condition of the Issuer since such date or
that any other information supplied in connection with the Programme is accurate at any time subsequent to
the date on which it is supplied or, if different, the date indicated in the document containing the same.
The Issuer has undertaken with the Dealer to supplement this Base Prospectus or publish a new Base
Prospectus if and when the information herein should become materially inaccurate or incomplete and has
further agreed with the Dealer to furnish a supplement to the Base Prospectus in the event of any significant
new factor, material mistake or inaccuracy relating to the information included in this Base Prospectus which
is capable of affecting the assessment of the Covered Bonds and which arises or is noted between the time
when this Base Prospectus has been approved and the final closing of any Series or Tranche of Covered Bonds
offered to the public or, as the case may be, when trading of any Series or Tranche of Covered Bonds on a
regulated market begins, in respect of Covered Bonds issued on the basis of this Base Prospectus.
Neither the Arranger nor the Dealer nor any person mentioned in this Base Prospectus, with exception of the
Issuer and the Guarantor, is responsible for the information contained in this Base Prospectus, any document
incorporated herein by reference, or any supplement thereof, or any Final Terms or any document
incorporated herein by reference, and accordingly, and to the extent permitted by the laws of any relevant
jurisdiction, none of these persons accepts any responsibility for the accuracy and completeness of the
information contained in any of these documents.
The Arranger and the Dealer have not verified the information contained in this Base Prospectus. None of the
Dealer or the Arranger makes any representation, express or implied, or accepts any responsibility, with
respect to the accuracy or completeness of any of the information in this Base Prospectus. Neither this Base
Prospectus nor any other financial statements are intended to provide the basis of any credit or other
evaluation and should not be considered as a recommendation by any of the Issuer, the Guarantor, the
Arranger or the Dealer that any recipient of this Base Prospectus or any other financial statements should
purchase the Covered Bonds. Each potential purchaser of Covered Bonds should determine for itself the
relevance of the information contained in this Base Prospectus and its purchase of Covered Bonds should be
based upon such investigation as it deems necessary. None of the Dealer or the Arranger undertakes to
review the financial condition or affairs of the Issuer, the Guarantor or the Crédit Agricole Italia Banking
Group during the life of the arrangements contemplated by this Base Prospectus nor to advise any investor or
potential investor in Covered Bonds of any information coming to the attention of any of the Dealer or the
Arranger.
The distribution of this Base Prospectus, any document incorporated herein by reference and any Final Terms
and the offering, sale and delivery of the Covered Bonds in certain jurisdictions may be restricted by law.
Persons into whose possession this Base Prospectus or any Final Terms come are required by the Issuer and
the Dealer to inform themselves about and to observe any such restrictions.
For a description of certain restrictions on offers, sales and deliveries of Covered Bonds and on the
distribution of the Base Prospectus or any Final Terms and other offering material relating to the Covered
Bonds, see section "Subscription and Sale" of this Base Prospectus. In particular, the Covered Bonds have not
been and will not be registered under the United States Securities Act of 1933, as amended. Subject to certain
exceptions, Covered Bonds may not be offered, sold or delivered within the United States of America or to
U.S. persons.
Neither this Base Prospectus, any supplement thereto, nor any Final Terms (or any part thereof) constitutes an
offer, nor may they be used for the purpose of an offer to sel any of the Covered Bonds, or a solicitation of
MILAN-1-300135-v12
- 5 -
47-40333929

an offer to buy any of the Covered Bonds, by anyone in any jurisdiction or in any circumstances in which such
offer or solicitation is not authorised or is unlawful. Each recipient of this Base Prospectus or any Final Terms
shall be taken to have made its own investigation and appraisal of the condition (financial or otherwise) of the
Issuer.
The language of the Base Prospectus is English. Where a claim relating to the information contained in this
Base Prospectus is brought before a court in a Member State, the plaintiff may, under the national legislation
of the Member State where the claim is brought, be required to bear the costs of translating the Base
Prospectus before the legal proceedings are initiated.
This Base Prospectus may only be used for the purpose for which it has been published.
This Base Prospectus and any Final Terms may not be used for the purpose of an offer or solicitation by
anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is
unlawful to make such an offer or solicitation.
In this Base Prospectus, references to "" or "euro" or "Euro" are to the single currency introduced at the start
of the Third Stage of European Economic and Monetary Union pursuant to the Treaty establishing the
European Community, as amended; references to "U.S.$" or "U.S. Dol ar" are to the currency of the Unites
States of America; references to "£" or "UK Sterling" are to the currency of the United Kingdom; reference to
"Japanese Yen" is to the currency of Japan; reference to "Swiss Franc" or "CHF" are to the currency of the Swiss
Confederation; references to "Italy" are to the Republic of Italy; references to laws and regulations are, unless
otherwise specified, to the laws and regulations of Italy; and references to "bil ions" are to thousands of
millions.
Certain monetary amounts and currency conversions included in this Base Prospectus have been subject to
rounding adjustments; accordingly, figures shown as totals in certain tables may not be an arithmetic
aggregation of the figures which preceded them.
Each initial and subsequent purchaser of a Covered Bond will be deemed, by its acceptance of the purchase of
such Covered Bond, to have made certain acknowledgements, representations and agreements intended to
restrict the resale or other transfer thereof as set forth therein and described in this Base Prospectus and, in
connection therewith, may be required to provide confirmation of its compliance with such resale or other
transfer restrictions in certain cases.
The Arranger is acting for the Issuer and no one else in connection with the Programme and wil not be
responsible to any person other than the Issuer for providing the protection afforded to clients of the
Arranger or for providing advice in relation to the issue of the Covered Bonds.
In connection with the issue of any Series under the Programme, the Dealer or the Dealers (if any) which is
specified in the relevant Final Terms as the stabilising manager (the "Stabilising Manager") or any person
acting for the Stabilising Manager may over-al ot any such Series or effect transactions with a view to
supporting the market price such Series at a level higher than that which might otherwise prevail for a limited
period. However, there may be no obligation on the Stabilising Manager (or any agent of the Stabilising
Manager) to do this and there is no assurance that the Stabilising Manager wil undertake stabilisation action.
Any stabilisation action may begin on or after the date on which adequate public disclosure of the final terms
of the offer of the Covered Bonds is made and, if begun, may be ended at any time, but it must end no later
than the earlier of 30 days after the issue date of the relevant Series and 60 days after the date of the
al otment of any such Series. Such stabilising shal be in compliance with al applicable laws, regulations and
rules.
MILAN-1-300135-v12
- 6 -
47-40333929

PRI Ps / IMPORTANT EEA AND UK RETAIL INVESTORS - Unless the Final Terms in respect of any Cover Bonds
specifies "Prohibition of Sales to EEA and UK Retail Investors" as "Not Applicable", the Covered Bonds are not
intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise
made available to any retail investor in the European Economic Area (EEA). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of
Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (as
amended, MiFID I ); or (ii) a customer within the meaning of Directive 2016/97/EU (as amended, the
Insurance Mediation Directive), where that customer would not qualify as a professional client as defined in
point (10) of article 4(1) of MiFID I . Consequently no key information document required by Regulation (EU)
No 1286/2014 (as amended or superseded, the PRI Ps Regulation) for offering or selling the Covered Bonds
or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or
selling the Covered Bonds or otherwise making them available to any retail investor in the EEA may be
unlawful under the PRI Ps Regulation.
MIFID I product governance / target market The Final Terms in respect of any Covered Bonds will include a
legend entitled "MiFID I Product Governance" which will outline the target market assessment in respect of
the Covered Bonds and which channels for distribution of the Covered Bonds are appropriate. Any person
subsequently offering, sel ing or recommending the Covered Bonds (a "distributor") should take into
consideration the target market assessment; however, a distributor subject to MiFID I is responsible for
undertaking its own target market assessment in respect of the Covered Bonds (by either adopting or refining
the target market assessment) and determining appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the MiFID Product
Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance Rules"), any Dealer
subscribing for any Covered Bonds is a manufacturer in respect of such Covered Bonds, but otherwise neither
the Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of
the MIFID Product Governance Rules.

MILAN-1-300135-v12
- 7 -
47-40333929

CONTENTS

Page
Contents . . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . 8
General Description Of The Programme . .. . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . 9
Risk Factors . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . 25
Information Incorporated By Reference . . . .. . . . . . . .. .. .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . 52
Terms And Conditions Of The Covered Bonds . . . . . . . . . .. . . . . . . .. .. .. . . . . . . .. . . . . . . . . .. . . . . . . . . . 58
Rules Of The Organisation Of The Covered Bondholders . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . 111
Form Of Final Terms . .. . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . 138
The Issuer . . . . . . .. . . . . . . .. .. .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . 150
The Guarantor . .. .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . 183
The Seller . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. 186
The Asset Monitor . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. 189
Overview Of The Transaction Documents . . . . . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . 190
Credit Structure . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . 206
Cash Flows . .. . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . 212
Description Of The Cover Pool . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. .. .. . . . . . . .. . . . . . . . . .. . . . 217
Description Of Certain Relevant Legislation In Italy . . . . .. .. .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. 220
Subscription And Sale . .. . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. .. .. . . . . . . .. . . . . . . . . .. 236
General Information. . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . 241
Glossary . .. . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . . . . .. . . . . . . . . .. . . . . . . . . .. . . . 245

MILAN-1-300135-v12
- 8 -
47-40333929

GENERAL DESCRIPTION OF THE PROGRAMME
This section constitutes a general description of the structure relating to the Programme. The following
section does not purport to be complete and is taken from, and is qualified in its entirety by, the remainder
of this Base Prospectus and, in relation to the terms and conditions of any particular Tranche of Covered
Bonds, the applicable Final Terms. Words and expressions defined elsewhere in this Base Prospectus shall
have the same meaning in this section.
Structure Diagram

ORIGINATORS

Transfers of Assets
Purchase price

CRÉDIT AGRICOLE
Supervision

ITALIA OBG SRL
GUARANTOR

Repayment of

Subordinated
Subordinated
Loan
loan

Covered
Covered

bond
bond
Guarantee
Guarantee

SELLERS

ISSUER
ASSET MONITOR

RATING AGENCY
OBG
Proceeds
OBG
Proceeds

M A R K E T

INVESTOR

INVESTORS

MILAN-1-300135-v12
- 9 -
47-40333929

PARTIES
Issuer
Crédit Agricole Italia S.p.A. ("Crédit Agricole Italia" or "CA Italia"),
a bank incorporated in Italy as a joint stock company, having its
registered office at via Università, 1, Parma 43121, Italy,
registered with the Companies' Register of Parma under number
02113530345 and with the register of banks held by the Bank
of Italy under number 5435, authorised to carry out business in
Italy pursuant to the Consolidated Banking Act, parent company
of Crédit Agricole Italia Banking Group registered with the
register of banking groups held by the Bank of Italy under
number 5435 and subject to direction and coordination of
Crédit Agricole S.A.
Issuer Legal Entity Identifier ("LEI") 8156007D348794DB1690
Guarantor
Crédit Agricole Italia OBG S.r.l., a special purpose entity
incorporated under the laws of Italy pursuant to article 7-bis of
the Securitisation and Covered Bond Law having its registered
office at Via V. Betteloni n. 2, 20131, Milan, Italy, fiscal code
07893100961 and VAT number and enrolment with the
companies register of Milan number 07893100961, being part
of Crédit Agricole Italia Banking Group, having as its sole
purpose the ownership of the Cover Pool and the granting of
the Guarantee.
Sel ers
Crédit Agricole Italia

Crédit Agricole FriulAndria S.p.A ("Crédit Agricole FriulAdria" or
"Friuladria" or "CA Friuladria")
Arranger
Crédit Agricole Corporate & Investment Bank, Milan Branch, a
bank incorporated under the laws of France with its registered
offices at 12, place des Etats-Unis, CS 70052, 92547 Montrouge
Cedex, registered with the companies register of Nanterre
(Registre Commerciale et des Sociétés de Nanterre) with No.
SIREN 304 187 701, acting through its Milan branch with office
at Piazza Cavour, 2, 20121 Milan, Italy, authorised in Italy
pursuant to article 13 of the Banking Act and enrolled with the
register of banks held by the Bank of Italy under number 5276
("CACIB Milan").
Dealer(s)
Crédit Agricole Corporate & Investment Bank, a bank
incorporated under the laws of France with its registered offices
at 12, place des Etats-Unis, CS 70052, 92547 Montrouge Cedex
registered with the companies register of Nanterre (Registre
Commerciale et des Sociétés de Nanterre) with No. SIREN 304
187 701 ("CACIB") and any other dealer appointed from time to
MILAN-1-300135-v12
- 10 -
47-40333929