Issuer: SIGNUM FINANCE CAYMAN LIMITED - Irish Stock Exchange

“MAJOR” Programme Prospectus: Signum Finance Cayman Limited Series: 2007-06
always to Credit Event Redemption.
(b)
Final Redemption
Amount
An amount equal to such Note’s pro rata share of an amount in USD
as determined by the Calculation Agent in accordance with the
following formula, subject to Credit Event Redemption:
Where:
Principal Amount / Settlement Rate Final
“New York Business Day” means a day on which commercial banks
and foreign exchange markets settle payments in New York.
“Sao Paulo Business Day” means a day on which commercial banks
and foreign exchange markets settle payments in Sao Paulo.
“Settlement Rate Final” means the Settlement Rate appearing on
the Settlement Rate Valuation Date relating to the Maturity Date.
“Settlement Rate” means, with respect to the Maturity Date, the
Mandatory Redemption Date and the Credit Event Redemption Date,
if applicable, the Spot Rate determined by the Calculation Agent on
the relevant Settlement Rate Valuation Date provided, however, that if
the Spot Rate does not appear on the Relevant Data System at the
Relevant Time on a Settlement Rate Valuation Date or if, in the
Calculation Agent’s sole discretion (acting in a commercially
reasonable manner), such Spot Rate is not reflective of true market
value as a consequence of political or market instability, the
Settlement Rate in respect of that Settlement Rate Valuation Date will
be determined by the Calculation Agent in its sole discretion (acting in
a commercially reasonable manner).
“Spot Rate” means, on any day, the Brazilian Real/U.S. Dollar
commercial spot exchange rate, expressed as the amount of Brazilian
Reais per one U.S. Dollar for settlement in two New York and Sao
Paulo Business Days, as determined by the Banco Central do Brasil
and reported on the SISBACEN Data System (the “Relevant Data
System”) under transaction code PTAX-800 (“Consulta de Cambio”
or “Exchange Rate Enquiry”) Option 5 (“Cotacôes para
Contabilidade” or “Rates for Accounting Purposes”) by
approximately 6.00p.m., Sao Paulo time (the “Relevant Time”) on the
Settlement Rate Valuation Date.
“Settlement Rate Valuation Date” means, with respect to the
Maturity Date, the Mandatory Redemption Date and the Credit Event
Redemption Date, if applicable, the day that is five Business Days
immediately preceding the Maturity Date, the Mandatory Redemption
Date or Credit Event Redemption Date, as applicable; provided,
however, that solely for the purposes of determining each such
Settlement Rate Valuation Date, the Maturity Date, the Mandatory
Redemption Date (or the Credit Event Redemption Date, if applicable)
shall be deemed subject to “No Adjustment” in accordance with the
Business Day Convention (each such valuation date hereinafter
deemed a “Scheduled Settlement Rate Valuation Date”). All
Scheduled Settlement Rate Valuation Dates are subject to adjustment
in accordance with the Preceding Business Day Convention
London/011/001894-00545/JBH/RTM AMSI(LDNWK16317) 9 L_LIVE_EMEA1:4955739v5