Additional Information Relating to Floating Amounts
| Currency | Floating Rate Option | Day Count Fraction |
| AUD | AUD-OIS-RBA | ACT/365 (fixed) |
| CAD | CAD-CORRA | ACT/365 (fixed) |
| EUR | EUR-EuroSTR | ACT/360 |
| GBP | GBP-SONIA | ACT/365 (fixed) |
| USD | USD-Federal Funds Target USD-Federal Funds-Open USD-LIBOR-BBA-ON USD-Federal Funds-H.15 USD-SOFR USD-OBFR |
ACT/360 |
| JPY | JPY-BOJ-TONAT | ACT/360 |
| BRL | BRR-CDI-COMPOUNDED | 1/1 |
| CHF | CHF-SARON-OIS-COMPOUND CHF-SARON |
ACT/360 |
| DKK | DKK-DKKOIS | ACT/360 |
| HKD | HKD-HONIX | ACT/365 (fixed) |
| NOK | NOK-NIBOR-BBA NOK-NOWA |
ACT/360 |
| NZD | NZD-OIS-RBNZ | ACT/365 (fixed) |
| SEK | SEK-STIBOR-SIDE-TN | ACT/360 |
| SGD | SGD-SORA | ACT/365 (fixed) |
Where:
“AUD-OIS-RBA” means, for a Reset Date, a reference rate equal to the interbank overnight cash rate in respect of that day calculated by the Reserve Bank of Australia, as such rate is displayed on the Reuters Screen RBA30 Page. If such rate does not appear on the Reuters Screen RBA30 Page in respect of that day, the rate for that day will be as agreed between the parties, acting in good faith and in a commercially reasonable manner. If the parties cannot agree, the rate for that day will be the rate displayed on the Reuters Screen RBA30 Page in respect of the first preceding Sydney Business Day.
“GBP-SONIA” means, notwithstanding anything to the contrary in the definition of GBP-SONIA, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the SONIA rate published on the London Banking Day immediately prior to the SONIA Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“USD-FEDERAL FUNDS TARGET” means, for a Reset Date, a reference rate equal to the overnight rate as appearing on the Reuters Screen USFFTARGET= Page in respect of that day. If such rate does not appear on the Reuters Screen USFFTARGET= Page in respect of a Reset Date, the rate for that day will be the rate for the immediately preceding day for which such rate appears on the Reuters Screen under the abovementioned heading.
“USD-FEDERAL FUNDS-OPEN” means, for a Reset Date, a reference rate equal to the overnight rate as appearing on the Reuters Screen USONFF=GCMN Page in respect of that day. If such rate does not appear on the Reuters Screen USONFF=GCMN Page in respect of a Reset Date, the rate for that day will be the rate for the immediately preceding day for which such rate appears on the Reuters Screen under the abovementioned heading.
“USD-LIBOR-BBA-ON” where, USD-LIBOR-BBA-ON shall be USD-LIBOR-BBA, provided that Section 7.1(ab)(xxii) and (xxv) of the 2006 Definitions shall be amended by deleting the words “the day that is two London Banking Days preceding that Reset Date” and replacing them with “the relevant Reset Date”. However, if such Reset Date is not a London and New York Banking Day, the Floating Rate Option for such Reset Date shall be the rate as of the first immediately preceding London and New York Banking Day, determined in accordance with the abovementioned provisions.
“USD-Federal Funds-H.15” means the rate for a Reset Date will (subject to the effect of any applicable Rate Cut-off Date determined as indicated in Section 6.2(d)(i)) be the rate set forth in H.15(519) for the New York City Banking Day immediately preceding that day under the caption “EFFECT”, as such rate is displayed on the Reuters Screen FEDFUNDS1 Page. If such rate does not appear on the Reuters Screen FEDFUNDS1 Page in respect of a Reset Date, the rate for that day will be determined by the Calculation Agent.
“JPY-BOJ-TONAT” means, for a Reset Date, a reference rate equal to the Tokyo OverNight Average rate (TONA) as published by the Bank of Japan on the Reuters Screen TONAT Page as of approximately 10:00 a.m., Tokyo time, on the Tokyo Banking Day two days preceding that Reset Date. If such rate does not appear on the Reuters Screen TONAT Page in respect of a Reset Date, the rate for that day will be determined by the Calculation Agent.
“USD-SOFR” means, notwithstanding anything to the contrary in the definition of USD-SOFR, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the SOFR rate published on the U.S. Government Securities Business Day immediately prior to the SOFR Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“EUR-EuroSTR” means, notwithstanding anything to the contrary in the definition of EuroSTR, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the EuroSTR rate published on the TARGET Settlement Day immediately prior to the EuroSTR Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“CHF-SARON” means, notwithstanding anything to the contrary in the definition of CHF-SARON, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the SARON rate published on the day immediately prior to the SARON Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“USD-OBFR” means, notwithstanding anything to the contrary in the definition of USD-OBFR, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the overnight bank funding rate published on the New York City Banking Day immediately prior to the Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“CAD-CORRA” means, notwithstanding anything to the contrary in the definition of CAD-CORRA, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the CORRA rate published on the Toronto Banking Day two Toronto Banking Days prior to the CORRA Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
“SGD-SORA” means, notwithstanding anything to the contrary in the definition of SGD-SORA, the Floating Rate in respect of each Reset Date in the Calculation Period (including the Effective Date) shall be the SORA rate published on the Singapore Banking Day immediately prior to the SORA Fixing Day applicable to such Reset Date, subject to adjustment in accordance with the business day convention and/or fallback provisions (if any) as set out in the Definitions, the relevant Master Confirmation Agreement, or the Transaction Supplement or TS (as applicable).
Where BRR-CDI-COMPOUNDED is specified in the Transaction Supplement, then the following terms with respect to the relevant Transaction shall apply:
(i) BRR-CDI-COMPOUNDED shall mean a rate for each Reset Date equal to the Brazil Interbank Deposit Rate Annualized, known as the average (“Media”) of the DI-OVER-Extra-Grupo as published by the Central de Custodia e Liquidacao Financeira de Titulos (“CETIP”), for such Reset Date (the “Overnight CDI Rate”). If for any Reset Date there is no published Overnight CDI Rate, the rate for such affected Reset Date will be that as determined by the Bolsa de Mercadorias & Futuros (“BM&F”) in accordance with their rules. If the BM&F does not determine an Overnight CDI Rate for such affected Reset Date, the Calculation Agent will determine the applicable rate for the Relevant Reset Date.
(ii) Floating Amount shall be an amount equal to the sum of each Floating Daily Amount calculated on each Reset Date of the Calculation Period and which shall equal the following formula:
Floating Daily Amount =
Equity Notional Amount X (Daily Rate + Daily Spread) X Floating Rate Day Count Fraction
Where:
Reset Date = Each Brazil Banking Day of the Calculation Period
Daily Rate = (1 + Relevant Rate/100)(1/252) – 1
For the avoidance of doubt, the Relevant Rate is divided by 100 in the preceding formula simply to convert it from a percentage to a decimal number.
Daily Spread = Spread (as specified in the Transaction Supplement) divided by 252
“CHF-SARON-OIS-COMPOUND” means that the rate for a Reset Date, calculated in accordance with the formula set forth below in this subparagraph, will be the rate of return of a daily compound interest investment (it being understood that the reference rate for the calculation of interest is the Swiss Franc Repo daily overnight reference rate).
“DKK-DKKOIS” means, for any day in the relevant Calculation Period, is a reference rate equal to the daily fixing for Danish Kroner tomorrow next deposits as published at approximately 11:00 a.m., Copenhagen time, on the day that is one Copenhagen Banking Day preceding that day on the Reuters Screen DKNA14 Page, under the heading “T/N Rente”. If such rate does not appear on the Reuters Screen DKNA14 Page in respect of any day, the rate for that day will be as agreed between the parties, acting in good faith and in a commercially reasonable manner. If the parties cannot agree, the rate for that day will be the rate displayed on the Reuters Screen DKNA14 Page in respect of the first preceding Copenhagen Banking Day.
“HKD-HONIX” means, for a Reset Date, a reference rate equal to the overnight rate as calculated by the Hong Kong Brokers’ Association and appearing on the Reuters Screen HONIX Page as at 5:30 p.m., Hong Kong time, in respect of that day. If such rate does not appear on the Reuters Screen HONIX Page in respect of a Reset Date, the rate for that day will be determined by the Calculation Agent.
“NOK-NIBOR-BBA” means, for a Reset Date, a reference rate for a period of the Designated Maturity as appearing on the Reuters Screen NIBR= Page on the day that is two Oslo Banking Days preceding that Reset Date. If such rate does not appear on the Reuters Screen NIBR= Page in respect of a Reset Date, the rate for that day will be determined by the Calculation Agent.
“NOK-NOWA” means, for a Reset Date, a reference rate equal to the overnight rate as appearing on the Reuters Screen NOWA= Page in respect of that day. If such rate does not appear on the Reuters Screen NOWA= Page in respect of a Reset Date, the rate for that day will be determined by the Calculation Agent.
“NZD-OIS-RBNZ” means, for a Reset Date, a reference rate equal to the official cash rate in respect of that day set by the Reserve Bank of New Zealand, as such rate is displayed on the Reuters Screen RBNZ02 Page as of 10:00 a.m., Wellington time, on that day. If such rate does not appear on the Reuters Screen RBNZ02 Page in respect of that day, the rate for that day will be as agreed between the parties, acting in good faith and in a commercially reasonable manner. If the parties cannot agree, the rate for that day will be the rate displayed on the Reuters Screen RBNZ02 Page in respect of the first preceding ESAS Settlement Day.
“SEK-STIBOR-SIDE-TN” means that the rate for a Reset Date will be the rate for deposits in Swedish Kronor for a period of the Designated Maturity which appears on the Reuters Screen SIDE Page under the caption “FIXINGS” as of 11:00 am., Stockholm time, on the day that is one Stockholm Banking Day preceding that Reset Date. If such rate does not appear on the Reuters Screen SIDE Page, the rate for that Reset Date will be determined as if the parties had specified “SEK-STIBOR-Reference Banks” as the applicable Floating Rate Option.