HSBC France € 20,000,000,000 Euro Medium Term Note Programme

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(ii)
(iii)
in the case of a Specified Currency other than Euro, a day (other than a Saturday or Sunday) on
which commercial banks and foreign exchange markets settle payments in the principal financial
centre for that currency, and/or
in the case of a Specified Currency and/or one or more business centre(s) specified in the relevant
Final Terms (the "Business Centre(s)"), a day (other than a Saturday or a Sunday) on which
commercial banks and foreign exchange markets settle payments in such currency in the Business
Centre(s) or, if no currency is indicated, generally in each of the Business Centres so specified.
"Day Count Fraction" means, in respect of the calculation of an amount of interest on any Note for any
period of time (from and including the first day of such period to but excluding the last) (whether or not
constituting an Interest Period, the "Calculation Period"):
(i)
(ii)
if "Actual/Actual", "Actual/Actual-ISDA", "Act/Act" or "Act/Act-ISDA" or "Actual/365-FBF"
is specified in the relevant Final Terms, the actual number of days in the Calculation Period
divided by 365 (or, if any portion of that Calculation Period falls in a leap year, the sum of (A) the
actual number of days in that portion of the Calculation Period falling in a leap year divided by
366 and (B) the actual number of days in that portion of the Calculation Period falling in a nonleap
year divided by 365).
if "Actual/Actual-ICMA" or "Act/Act-ICMA" is specified in the relevant Final Terms:
(A)
(B)
if the Calculation Period is equal to or shorter than the Determination Period during which
it falls, the number of days in the Calculation Period divided by the product of (x) the
number of days in such Determination Period and (y) the number of Determination Periods
normally ending in any year; and
if the Calculation Period is longer than one Determination Period, the sum of:
(x)
(y)
the number of days in such Calculation Period falling in the Determination Period in
which it begins divided by the product of (1) the number of days in such
Determination Period and (2) the number of Determination Periods normally ending
in any year; and
the number of days in such Calculation Period falling in the next Determination
Period divided by the product of (1) the number of days in such Determination
Period and (2) the number of Determination Periods normally ending in any year,
in each case, where "Determination Period" means the period from and including a
Determination Date in any year to but excluding the next Determination Date and
"Determination Date" means the date specified in the relevant Final Terms or, if none is so
specified, the Interest Payment Date.
(iii)
if "Actual/Actual-FBF" is specified in the relevant Final Terms, the fraction whose numerator is
the actual number of days elapsed during such period and whose denominator is 365 (or 366 if 29
February falls within the Calculation Period). If the Calculation Period is of a duration of more
than one year, the basis shall be calculated as follows:
· the number of complete years shall be counted back from the last day of the Calculation
Period;