3.2.1.30 Confirmation without commentary

Following is a sample confirmation for an interest rate swap, without commentary.  A sample confirmation with commentary can be found in 3.2.1.20 "Confirmation with commentary"

 [Letterhead of Party A]

 [Date]

 Reference Number [ ]

[Name and Address of Party B]

Dear

Swap Transaction

The purpose of this letter is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the "Transaction"). This letter constitutes a "Confirmation" as referred to in the Master Agreement specified below. 

The definitions and provisions contained in the 2006 ISDA Definitions (as published by the International Swap Dealers Association, Inc.) are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.

1. This Confirmation supplements, forms part of, and is subject to, the Master Agreement dated as of [date], as amended and supplemented from time to time (the "Agreement"), between you and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

2. The terms of the particular Transaction to which this Confirmation relates are as follows:-

Notional Amount:

Trade Date:

Effective Date:

Termination Date: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

Fixed Amounts:

Fixed Rate Payer:

Fixed Rate Payer

Payment Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

[Fixed Rate:]

[Fixed Rate Day
Count Fraction:]

[Fixed Amount:]

Floating Amounts:

Floating Rate Payer: 

Floating Rate Payer
Payment Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

Floating Rate Option:

Designated Maturity:

Spread:

Floating Rate Day
Count Fraction:

Reset Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

[Business Days]:

[Business Day Convention: [Following/Modified

 Following/Preceding]]

Calculation Agent:

3. Account Details

Payments to Fixed Rate

Payer:

Payments to Floating Rate

Payer:

[4. Office: ]

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy of this Confirmation enclosed for that purpose and returning it to us.

 

Yours sincerely

[name of party preparing Confirmation]

By:

Name:

Title:

Confirmed as of the date first written:

[name of other party]

By:  

Name:

Title:

***

Sample Confirmation for Interest Rate Swap without commentary

 

 [Letterhead of Party A]

 

 [Date]

 Reference Number [ ]

 

[Name and Address of Party B]

Dear

Swap Transaction

The purpose of this letter is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the "Transaction"). This letter constitutes a "Confirmation" as referred to in the Master Agreement specified below. 

The definitions and provisions contained in the 2006 ISDA Definitions (as published by the International Swap Dealers Association, Inc.) are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.

1. This Confirmation supplements, forms part of, and is subject to, the Master Agreement dated as of [date], as amended and supplemented from time to time (the "Agreement"), between you and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

2. The terms of the particular Transaction to which this Confirmation relates are as follows:-

Notional Amount:

 

Trade Date:

 

Effective Date:

 

Termination Date: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

 

Fixed Amounts:

 

Fixed Rate Payer:

Fixed Rate Payer

Payment Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

 

[Fixed Rate:]

 

[Fixed Rate Day

Count Fraction:]

 

[Fixed Amount:]

 

Floating Amounts:

 

Floating Rate Payer: 

 

Floating Rate Payer

Payment Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

 

Floating Rate Option:

 

Designated Maturity:

 

Spread:

 

Floating Rate Day

Count Fraction:

 

Reset Dates: [, subject to adjustment in accordance with the [Following/Modified Following/Preceding] Business Day Convention]

 

[Business Days]:

 

[Business Day Convention: [Following/Modified

 Following/Preceding]]

 

Calculation Agent:

 

3. Account Details

 

Payments to Fixed Rate

Payer:

 

Payments to Floating Rate

Payer:

 

[4. Office: ]

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy of this Confirmation enclosed for that purpose and returning it to us.

 

Yours sincerely

[name of party preparing Confirmation]

By:

Name:

Title:

 

Confirmed as of the date first written:

[name of other party]

 

By:  

Name:

Title:


Last Update Date 29 Jun 2011