pdf, 1996K - WestLB

Clearing Systems:
Maturities of the Instruments:
Issue Price of the Instruments:
Fixed Rate Instruments:
holder in accordance with the provisions of the relevant Clearing System or
other central securities depositary the relevant global note has been deposited
with.
The transferability of the Instruments in bearer form is not restricted. The
transferability of Instruments in registered form may be restricted in accordance
with their terms.
Clearstream Banking AG, Frankfurt (CBF), Clearstream Banking, société
anonyme (CBL) and Euroclear Bank S.A./N.V. (Euroclear and, together with
CBF and CBL, the Clearing Systems and, each, a Clearing System) and/or, in
relation to any Series of Instruments, any other clearing system as specified in
the relevant Final Terms.
The Instruments (other than InterNotes) will have such maturities as may be
agreed between the Issuer and the relevant Dealer, subject to such minimum or
maximum maturities as may be allowed or required from time to time by the
relevant central bank (or equivalent body) or any laws or regulations applicable
to the Issuer or the currency in which the Instruments are to be issued (the
Specifed Currency).
Each InterNote not denominated in Sterling will mature nine months or more
from its issue date and each InterNote denominated in Sterling will mature one
year or more from its issue date, all as may be agreed between the Issuer and the
relevant InterNotes Dealers, subject to such minimum or maximum maturities as
may be allowed or required from time to time by the relevant central bank (or
equivalent body) or any laws or regulations applicable to the Issuer or the
relevant Specified Currency.
The Instruments (other than InterNotes) may be issued on a fully-paid or a
partly-paid basis and at an issue price which is at par or at a discount to, or
premium over, par. The price and amount of Instruments to be issued under the
Programme will be determined by the Issuer and the relevant Dealer at the time
of issue in accordance with prevailing market conditions.
The InterNotes may be issued at an issue price which is at par or at such other
issue price as may be specified in the relevant Final Terms. The price and
amount of InterNotes to be issued under the Programme will be determined by
the Issuer and the relevant InterNotes Dealers at the time of issue in accordance
with prevailing market conditions.
Fixed interest on the Instruments (other than InterNotes) will be payable on such
date or dates as may be agreed between the Issuer and the relevant Dealer (as
specified in the relevant Final Terms) and on redemption and will be calculated
on the basis of such day count fraction as may be agreed between the Issuer and
the relevant Dealer.
Fixed interest on InterNotes will be payable on such date or dates as may be
agreed between the Issuer and the relevant InterNotes Dealer (as specified in the
relevant Final Terms) and on redemption and will be calculated, in the case of
InterNotes denominated in U.S. Dollars, on the basis of a 360-day year with
twelve 30-day months and, in the case of InterNotes denominated in Euro or
Sterling, on the basis of Actual/Actual (ICMA).
Yield:
The yield in respect of Fixed Rate Instruments will be set out in the relevant
Final Terms.
Methodology for the Calculation of Yield:
The yield in respect of Fixed Rate Instruments will be calculated in accordance
with the formulae drawn up by ICMA or in accordance with other formulae
prevailing in the market. In the case of Instruments with a minimum
denomination of less than Euro 50,000, the relevant methodology for the
calculation of yield will be set out in the relevant Final Terms.
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