INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Thursday, July 22, 2010 – 09:33 – eprint6 – 4247 Section 08
and an Unscheduled Holiday shall have occurred or be continuing on the day following the relevant Last
Postponed Day that otherwise would have been an FX Business Day, then such day shall be deemed to be
such Valuation Date or Averaging Date and (ii) 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
Unscheduled Holidays, and on the first day after the Last Postponed Day, an applicable FX Market
Disruption Event shall have occurred or be continuing, then the Currency Price in respect of such
Valuation Date or Averaging Date or other relevant date shall be determined in accordance with the next
applicable Disruption Fallback.
Where:
“Last Postponed Day” means, in respect of any postponement by a number of days equal to the
Maximum Days of Cumulative Postponement, the last day to which such day is postponed; and
“Maximum Days of Cumulative Postponement” means such number of calendar days (or other
type of days) as specified in the applicable Final Terms.
7. Corrections to Published and Displayed Rates
Additional Terms and Conditions for FX Linked Notes
(a)
(b)
In any case where a Currency Price is based on information obtained from the Reuters
Monitor Money Rates Service, or any other financial information service, the Currency Price
will be subject to the corrections, if any, to that information subsequently displayed by that
source within one hour of the time when such rate is first displayed by such source, unless
the Calculation Agent determines in its sole and absolute discretion that it is not practicable
to take into account such correction.
Notwithstanding FX Linked Condition 7(a), in any case where the Currency Price is based on
information published or announced by any governmental authority in a relevant country, the
Currency Price will be subject to the corrections, if any, to that information subsequently
published or announced by that source within five calendar days of the relevant date, unless
the Calculation Agent determines in its sole and absolute discretion that it is not practicable
to take into account such correction.
8. Successor Currency
Where the applicable Final Terms specifies that “Successor Currency” is applicable in respect of a
Currency Price, then:
(a)
(b)
each Subject Currency and Base Currency will be deemed to include any lawful successor
currency to the Subject Currency or Base Currency (the “Successor Currency”);
if the Calculation Agent determines that on or after the Issue Date (or such other date as
specified in the applicable Final Terms) but on or before any relevant date under the Notes on
which an amount may be payable, a country has lawfully eliminated, converted,
redenominated or exchanged its currency in effect on the Issue Date or any Successor
Currency, as the case may be (the “Original Currency”) for a Successor Currency, then for
the purposes of calculating any amounts of the Original Currency or effecting settlement
thereof, any Original Currency amounts will be converted to the Successor Currency by
multiplying the amount of Original Currency by a ratio of Successor Currency to Original
Currency, which ratio will be calculated on the basis of the exchange rate set forth by the
relevant country of the Original Currency for converting the Original Currency into the
Successor Currency on the date on which the elimination, conversion, redenomination or
exchange took place, as determined by the Calculation Agent. If there is more than one such
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