2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement (versions 2005-2009) and AEJ Reference Price Source Matrix

The Second Revised 2005 AEJ (Asia Excluding Japan) Interdealer Master Equity Derivatives Confirmation Agreement published March 9, 2009 incorporates the amendments that were made to the Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement by the 2009 ISDA AEJ Derivatives Protocol published by ISDA on March 9, 2009. The Confirmation Agreement is designed to document Index Option, Index Swap, Share Option and Share Swap Transactions with respect to underlying shares or indices in Australia, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand in the interdealer market.

The Amendment to the Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement and 2007 AEJ Master Variance Swap Confirmation Agreement published August 11, 2008 revises the Settlement Price term of Annex SO (Share Option) of the Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement by fixing the Strike Price as the Settlement Price for Physically Settled Options. The Amendment also revises the Related Exchange term and the Market Disruption Event term of Annex SVS (Cash-settled Share Variance Swap) of the 2007 AEJ Master Variance Confirmation Agreement by determining Scheduled Trading Days with regard only to the Exchange and not the Related Exchange.

The Amendment to the 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement dated March 13, 2009 will enable parties who have executed the 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement to amend Annex IO (Index Option) and SO (Share Option) of their existing 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement by inserting the date of the amendment on Exhibit I.

The Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement, published March 13, 2007, amends Annex IO (Index Option) and SO (Share Option) of the 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement to facilitate electronic matching of transactions. The Confirmation Agreement is designed to document Index Option and Share Option Transactions with respect to underlying shares or indices in Australia, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand in the interdealer market.

The 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement, published September 13, 2005, is designed to document Index Option, Index Swap, Share Option and Share Swap Transactions with respect to underlying shares or indices in Australia, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand in the interdealer market.

The revised Additional Provisions for Use with Indian Underliers, published November 28, 2008, makes changes to the original version published on 6 June 2005 to take into account amendments made to the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations in May 2008.

The Amendment to Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement and 2007 AEJ Master Variance Swap Confirmation Agreement allows parties to bilaterally amend their existing Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement and 2007 AEJ Master Variance Swap Confirmation Agreement to update the references therein from the Additional Provisions published in 2005 to the revised version.

 

Additional Provisions for Use with Indian Underliers (published June 6, 2005)

These additional representations and warranties are for use in conjunction with the 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement, and can be applied by election in the General Terms Confirmation of each transaction type.

 

Revised ISDA AEJ Reference Price Source Matrix (published June 25, 2009. This supersedes version dated November 29, 2006)

If parties have executed the Second Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement or the Revised 2007 AEJ Master Variance Swap Confirmation Agreement or the Revised 2008 AEJ Master Equity Derivatives Confirmation Agreement (or any previous versions thereof), and if the Reference Price of the Transaction is listed in the Revised ISDA AEJ Reference Price Source Matrix as of the Trade Date, then the Reference Price Source contained therein with respect to such Reference Price currency shall be deemed to apply to the Transaction.

 

ISDA AEJ Reference Price Source Matrix (published November 29, 2006)

If parties have executed the Amendment to 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement or the Revised 2005 AEJ Interdealer Master Equity Derivatives Confirmation Agreement, and if the Reference Price of the Transaction is listed in the ISDA AEJ Reference Price Source Matrix as of the Trade Date, then the Reference Price Source contained therein with respect to such Reference Price currency shall be deemed to apply to the Transaction.

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