INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05
Terms and Conditions of the Notes
(“Determination Dates”), as specified in the applicable Final Terms, that would occur
in one calendar year assuming interest were payable in respect of the whole of that
year; or
(B)
for Notes where the Accrual Period is longer than the Determination Period during
which the Accrual Period ends, the sum of:
(1) the number of days in such Accrual Period falling in the Determination Period
in which the Accrual Period begins divided by the product of (x) the number of
days in such Determination Period and (y) the number of Determination Dates,
as specified in the applicable Final Terms, that would occur in one calendar
year assuming interest were payable in respect of the whole of that year; and
(2) the number of days in such Accrual Period falling in the next Determination
Period divided by the product of
(x)
(y)
the number of days in such Determination Period; and
the number of Determination Dates that would occur in one calendar
year assuming interest were payable in respect of the whole of that year;
and
(ii)
if “30/360” is specified in the applicable Final Terms, the number of days in the Accrual
Period divided by 360, calculated on a formula basis as follows:
[360 x (Y 2 –Y 1 )] + [30 x (M 2 –M 1 ) + (D 2 –D 1 )]
Day Count Fraction = 1111111111111111111111
360
Where:
“Y 1 ” is the year, expressed as a number, in which the first day of the Accrual Period falls;
“Y 2 ” is the year, expressed as a number, in which the day immediately following the last day
included in the Accrual Period falls;
“M 1 ” is the calendar month, expressed as a number, in which the first day of the Accrual
Period falls;
“M 2 ” is the calendar month, expressed as a number, in which the day immediately following
the last day included in the Accrual Period falls;
“D 1 ” is the first calendar day, expressed as a number, of the Accrual Period, unless such
number would be 31, in which case D 1 will be 30; and
“D 2 ” is the calendar day, expressed as a number, immediately following the last day
included in the Accrual Period, unless such number would be 31 and D 1 is greater than 29, in
which case D2 will be 30;
“Accrual Period” means the period from (and including) the most recent Fixed Interest Payment
Date (or, if none, the Issue Date or, if different from the Issue Date, the Interest Commencement Date) to
(but excluding) the relevant Interest Payment Date.
“Determination Period” means the period from (and including) a Determination Date (as specified
in the applicable Final Terms) to (but excluding) the next Determination Date (including, where either the
Interest Commencement Date or the final Fixed Interest Payment Date is not a Determination Date, the
62