Public disclosure of information on intragroup exemption from initial margin requirement

In accordance with Article 11, paragraph 11 of EMIR Regulation, Zagrebačka banka d.d. (hereinafter: The Bank) publicly discloses information that on June 10th 2022 the Bank received Croatian National Bank’s Approval on application of intragroup exemption from initial margin requirement in accordance with Article 11, paragraph 6 of EMIR Regulation.

In accordance with Article 20 of Commission Delegated Regulation (EU) No 149/2013 1 the Bank publicly discloses information that the Croatian National Bank’s Approval refers to intragroup exemption from initial margin requirement in total planned annual volume of transactions up to EUR 1,180 million and refers to currency, commodity and interest rate – swap, forward and option OTC derivative contracts in settlement currencies EUR and USD with the maximum term of contracts set at 30 years, that the Bank will contract with:

• the parent company, UniCredit S.p.A. Piazza Gae Aulenti 3 Tower A, Milan, 20154, Italy, LEI 549300TRUWO2CD2G5692, and
• the sister company, UniCredit Bank AG, Arabellastraße 12, 81925 München, Deutschland, LEI 2ZCNRR8UK83OBTEK2170,

noting that the exemption in this specific case is the partial exemption as it refers exclusively on exemption from initial margin requirement, whilst the full exemption would include exemption from initial margin requirement and exemption from variation margin requirement.

• Information on intragroup exemption from initial margin requirement