2007 European Master Equity Derivatives Confirmation Agreement

The 2007 European Master Equity Confirmation Agreement, published September 17, 2007, documents option transactions with respect to a European index or share (includes Multiple Exchange Index Annex and Index/Share Option Annex) as well as cash-settled equity finance share swaps (Annex EFS).

(Note: The Multiple Exchange Index Annex (MEIA) is intended to override the need to use Exhibit H in the User’s Guide to the 2002 ISDA Equity Derivatives Definitions (EuroStoxx Confirmation Definitions).

Annex IS, published December 15, 2009, provides documentation for Cash-settled Index Swaps. The Component Security Index Annex applies to a transaction unless otherwise specified in the Transaction Supplement.

The 2007 European Master Equity Confirmation Agreement, published May 10, 2007, documents option transactions with respect to a European index or share (includes Multiple Exchange Index Annex and Index/Share Option Annex).

(Note: The Multiple Exchange Index Annex (MEIA) is intended to override the need to use Exhibit H in the User’s Guide to the 2002 ISDA Equity Derivatives Definitions (EuroStoxx Confirmation Definitions).

The Form of Amendment to European MCAs, published July 31, 2009, removes Iceland from the definition of covered jurisdictions for (i) the 2007 European Master Equity Derivatives Confirmation Agreement (the “2007 European Master Equity Derivatives Confirmation Agreement“) and (ii) the Revised 2007 European Variance Swap Master Confirmation Agreement (the “Revised 2007 European Variance Swap Master Confirmation Agreement” and together, with the 2007 European Master Equity Derivatives Confirmation Agreement, the “European MCAs“). Parties are free to utilize this form of amendment language to bilaterally amend their European MCA’s.

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