INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05
other person were acting as Calculation Agent for that swap transaction under the
terms of an agreement incorporating the ISDA Definitions and under which:
(1) the Floating Rate Option is as specified in the applicable Final Terms;
(2) the relevant Interest Commencement Date is the Effective Date;
(3) the Designated Maturity is a period specified in the applicable Final Terms;
(4) the relevant Reset Date is either (i) the first day of that Interest Period, if the
applicable Floating Rate Option is based on the London interbank offered rate
(“LIBOR”) or the Euro-Zone interbank offered rate (“EURIBOR”) for a
currency, or (ii) in any other case, as specified in the applicable Final Terms;
and
(5) all other terms are as specified in the applicable Final Terms.
Terms and Conditions of the Notes
For purposes of this sub-paragraph (A), “Euro-Zone” has the meaning set forth below and
“Floating Rate”, “Calculation Agent”, “Floating Rate Option”, “Effective Date”,
“Designated Maturity”, and “Reset Date” have the meanings given to those terms in the
ISDA Definitions.
(B)
Screen Rate Determination
Where Screen Rate Determination is specified in the applicable Final Terms as the
manner in which the Rate of Interest is to be determined, the Rate of Interest for each
Interest Period will be, subject as provided below, either:
(1) the offered quotation (if there is only one quotation on the relevant screen page
(the “Relevant Screen Page”)), whatever its designation; or
(2) the arithmetic mean (rounded if necessary to the fifth decimal place, with
0.000005 being rounded upwards) of the offered quotations, (expressed as a
percentage rate per annum) for the rate (the “Reference Rate”) by reference to
the Rate of Interest which appears or appear, as the case may be, on the
Relevant Screen Page on which the Reference Rate is for the time being
displayed on the Reuter Monitor Money Rates Service (or such other service as
is specified in the applicable Final Terms) at 11:00 a.m. (London time in the
case of LIBOR, or Brussels time in the case of EURIBOR) on the dates on
which the Rate of Interest is to be determined (each, an “Interest
Determination Date”) plus or minus (as indicated in the applicable Final
Terms) the Margin, if any, all as determined by the Calculation Agent. If five or
more such offered quotations are available on the Relevant Screen Page, the
highest (or, if there is more than one such highest quotation, only one of such
quotations) and the lowest (or, if there is more than one such lowest quotation,
only one of such quotations) shall be disregarded by the Calculation Agent for
purposes of determining the arithmetic mean of such offered quotations.
If the Relevant Screen Page is not available or if, in the case of (1) above, no such offered quotation
appears or, in the case of (2) above, fewer than two such offered quotations appear, in each case at the time
specified in the preceding paragraph, the Calculation Agent, at its sole discretion, shall request the
principal London office of each of the Reference Banks (as defined herein) to provide the Calculation
Agent with its offered quotation (expressed as a percentage rate per annum) for deposits in the Specified
65