Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
Barclays, Base Prospectus 2006
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- 64 -<br />
contracts relating to such currency on such temporary substitute exchange or quotation system as on the<br />
original Related Exchange), provided however that where "All Exchanges" is specified as the Related<br />
Exchange, "Related Exchange" shall mean each exchange or quotation system (as the Determination<br />
Agent may select) where trading has a material effect (as determined by the Determination Agent) on<br />
the overall market for futures or options contracts relating to such currency or, in any such case, any<br />
transferee or successor exchange of such exchange or quotation system.<br />
"Relevant Currencies" means [specify currencies] [those currencies specified in the relevant Final<br />
Terms] which comprise each Exchange Rate.<br />
"Scheduled Trading Day" means in respect of a Relevant Currency, any day on which each Exchange<br />
and each Related Exchange specified hereon are scheduled to be open for trading for their respective<br />
regular trading sessions.<br />
"Settlement Rate" means, in relation to an Exchange Rate, for any Currency Valuation Date in respect<br />
of a Maturity Date or an Early Redemption Date (as the case may be) the currency exchange rate equal<br />
to (i) the Settlement Rate specified or otherwise determined as provide in the related Final Terms or,<br />
(ii) if a Settlement Rate or a means of determining a Settlement Rate is not so specified, the Spot Rate<br />
for that Currency Valuation Date.<br />
"Spot Rate" means, for any date, [the exchange rate(s) determined in accordance with the method<br />
specified in the relevant Final Terms] [the exchange rate at the time at which such exchange rate(s)<br />
is/are to be determined for foreign exchange transactions in the Relevant Currencies for value on that<br />
date as determined by the Determination Agent in its absolute discretion.]<br />
§4b<br />
(Redemption of Currency Linked [Notes] [Certificates])<br />
The [Notes] [Certificates] shall be redeemed on [insert Maturity Date] (the "Maturity Date") at [the<br />
Currency Linked Redemption Amount] [either the Currency Linked Redemption Amount or by<br />
delivery of [insert currency and amount to be delivered]] [upon automatic exercise] as determined by<br />
the Determination Agent in accordance with the provisions hereof [and the Final Terms] and as notified<br />
to the [Noteholders] [Certificateholders] in accordance with §12 by the Determination Agent<br />
immediately after being determined.<br />
§4c<br />
(Official Successor Rate, Determination Agent Adjustment, Correction, Disrupted Days)<br />
(1) Official Successor Rate. If any Exchange Rate specified in the relevant Final Terms is reported,<br />
sanctioned, recognised, published, announced or adopted (or is the subject of other similar<br />
action) by the relevant Governmental Authority, and such Exchange Rate ceases to exist and is<br />
replaced by a successor currency exchange rate that is reported, sanctioned, recognised,<br />
published, announced or adopted (or other similar action) by such Governmental Authority (the<br />
"Official Successor Rate"), then the Spot Rate for the relevant Rate Calculation Date will be<br />
determined by the Determination Agent in its absolute discretion.<br />
(2) Determination Agent Adjustment. If in the determination of the Determination Agent, any of the<br />
Exchange Rates specified in the applicable Final Terms are published or announced by more<br />
than one price source and the price source referred to in such applicable Final Terms fails to<br />
publish or announce that Exchange Rate on the Rate Calculation Date (or, if different, the day<br />
on which rates for that date would, in the ordinary course, be published or announced by such<br />
price source), then the Spot Rate for that Rate Calculation Date will be determined by the<br />
Determination Agent in its absolute discretion.<br />
(3) Correction of an Exchange Rate. For the purposes of determining the Spot Rate for any Rate<br />
Calculation Date in any case where the Spot Rate for a Rate Calculation Date is based on<br />
information obtained from the Reuters Monitor Money Rates Service or the Dow Jones Telerate<br />
Service, the Spot Rate will be subject to the corrections, if any, to that information subsequently<br />
displayed by that source within one hour of the time when such rate is first displayed by such<br />
notice.
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