INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:19 – eprint6 – 4247 Section 08
Day which is not an FX Disrupted Day unless an FX Market Disruption Event continues to exist
(measured from such Scheduled Reference Date or Adjusted Scheduled Reference Rate, as applicable) for
a consecutive number of calendar days equal to the Maximum Days of EM Valuation Postponement. In
that case, the Currency Price will be determined on the next FX Business Day after the Maximum Days of
EM Valuation Postponement in accordance with the next applicable Disruption Fallback as specified in the
applicable Final Terms.
Where:
“Maximum Days of EM Valuation Postponement” means such number of calendar days (or other
type of days) as specified in the applicable Final Terms.
5. EM Currency Provisions: EM Fallback Valuation Postponement
If the applicable Final Terms provides that the EM Currency Provisions shall apply and that EM
Fallback Valuation Postponement shall be applicable and where the Final Terms provides that the prior
applicable Disruption Fallback is “Fallback Reference Price“, if the Calculation Agent determines that the
Currency Price (as determined by reference to the applicable Fallback Reference Price) is not available on
(i) the first FX Business Day following the end of the Maximum Days of EM Valuation Postponement
(where an FX Market Disruption Event has occurred or exists in respect of the Currency Price throughout
the Maximum Days of EM Valuation Postponement) or (ii) on the Adjusted Scheduled Reference Date
(where the Adjusted Scheduled Reference Date falls after the Last Deferred Day) then the Valuation Date
or Averaging Date shall be the first succeeding FX Business Day which is not an FX Disrupted Day in
respect of the Currency Price unless an FX Market Disruption Event continues to exist throughout the
Fallback Maximum Period of Postponement. In that case, the Currency Price will be determined on the
Last Fallback Postponement Date in accordance with the next applicable Disruption Fallback.
Where:
Additional Terms and Conditions for FX Linked Notes
“Fallback Maximum Period of Postponement” means the period commencing on, and including:
(a)
(b)
if an FX Market Disruption Event has occurred or exists in respect of the Currency Price
throughout the Maximum Days of EM Valuation Postponement, the first FX Business Day
following the end of the Maximum Days of EM Valuation Postponement; or
if the Adjusted Scheduled Reference Date falls after the Last Deferred Day, the Adjusted
Scheduled Reference Date,
and ending on, and including, the third (3rd) FX Business Day (or such other day as specified in the
applicable Final Terms) following such date as specified in paragraphs (a) and (b) above, as applicable
(such date, the “Last Fallback Postponement Date”).
6. EM Currency Provisions: Cumulative Events
If the applicable Final Terms provides that the EM Currency Provisions shall apply to a Currency
Price and any Valuation Date or Averaging Date, and that Cumulative Events shall be applicable, then the
total number of consecutive calendar days during which (a) such Valuation Date or Averaging Date is
deferred due to an Unscheduled Holiday, (b) an EM Valuation Postponement shall occur in respect of such
Valuation Date or Averaging Date, or (c) an EM Fallback Valuation Postponement shall occur in respect of
such Valuation Date or Averaging Date (or any combination of (a), (b) and (c)), shall not exceed the
Maximum Days of Cumulative Postponement in the aggregate. Accordingly, (i) if such Valuation Date or
Averaging Date is postponed by the number of calendar days equal to the Maximum Days of Cumulative
Postponement owing to an EM Valuation Postponement or EM Fallback Valuation Postponement (or both),
134