# Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU), Division 4.2.1: Definition of the Corporate, Public Finance and Retail segments

Extent: E+W+S+N.I.

The Corporate and Public Finance segments correspond in principle to HGAA’s current business segment definitions, with the following changes:
4.2.1.1. The Corporate segment is defined as:
privately owned companies (with the exception of financial institutions) which meet the following size criteria in terms of turnover and/or exposure:
Annual turnover of EUR […] or above; or
Gross exposure of at least EUR […], except in Croatia, with a threshold of EUR […]. HGAA is to provide the Monitoring Trustee with evidence that the current exposure threshold distinguishing the retail segment from the corporate segment in Croatia indeed lies at EUR […] at present and that changing the threshold would entail excessive costs.
4.2.1.2. Public Finance segment:
The Public Finance segment is defined as:
‘sovereigns’, i.e. entities that are able to exercise sovereign powers by issuing generally binding laws or other binding regulations (States, ministries, state/government authorities, social security institutions, etc.);
exposure explicitly guaranteed by sovereigns;
‘sub-sovereigns’, i.e. regional and local authorities (federal states, provinces, counties, towns, municipalities) and the political entities of the Republic of Bosnia and Herzegovina, namely the Republic of Serbia and the Federation of Bosnia and Herzegovina; and
public-sector entities (PSEs, provided that they enjoy a direct sovereign/sub-sovereign guarantee.
Any entity or agency that is not a sovereign/sub-sovereign as defined above and does not have a sovereign/sub-sovereign guarantee must be treated as a corporate (institutional) client in accordance with the rules on the Corporate (institutional) segment.
4.2.1.3. Retail segment:
The Retail segment is defined as:
private individuals
all forms of SME, i.e. privately held companies, freelancers and agricultural entities, regardless of their legal form, which meet all the following size criteria in terms of turnover and exposure:
annual turnover of less than EUR […], and
gross exposure of less than EUR […], except Croatia with a threshold of EUR […] (subject to the provision of evidence as stipulated in the second indent under 4.2.1.1 above).

---
Source: https://www.legislation.gov.uk/eudn/2014/341/annex/division/n2/division/III/division/4/division/4.2/division/4.2.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.