First part of the presentation AIS used when was convocated by IMF in Washington to show their stress testing method (RDF). ----- Primera parte de la presentación empleada por los representantes de AIS durante su comparescencia organizada por el FMI en su sede de Washington para conocer el método RDF de stress testing de AIS.

1. Stress-Testing: A Practical Approach to the Analysis of Systemic Stability Washington DC, July 2010 IMF ( Risk Dynamics into the Future ) José Manuel Aguirre Director - AIS Group Systemic Risk RDF

4. AIS segments and products / services Risk Management Granting and monitoring models Collection software tool Portfolio Models RDF - Economic Capital - RAROC Support platforms SCACS Consultancy Management tools SIC-GMR Marketing Modeling in marketing database Geodemographic Marketing: Provision of external information Customer value Other services Valuation of real Estate assets Economic and Social impact assessment of financial institutions Cardboard manufacturers plants planning

10. RDF solutions Real Estate Value Credit Risk management Sales Planning Mgment. of Real Estate values Credit Risk Sales and business planning Applications based on Risk Dynamics into the Future B/S / P&L projection Projection of statements under stressed situations RDF is the solution for the management of values in unstable situations

18. Objectives and applications of RDF Sales Planning Demand adjusted to the economic scenario Constant demand Demand adjusted to a given macroeconomic model The VARMA model allows to estimate future demand conditioned to the economic situation The traditional model considers a constant demand for each class of client

21. AIS Intelligent Decisions c/ Castillejos, 365, 2ª Planta 08025 Barcelona - Spain Tel: +34 93 414 35 34 Fax: +34 93 414 10 28 www.ais-int.com Thank you! José Manuel Aguirre [email_address]