3.3.1.30 Confirmation without commentary

Following is a sample confirmation for a currency swap, without commentary. A sample confirmation with commentary can be found in 3.3.1.20 "Confirmation with commentary"

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Sample Confirmation for Currency 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:-

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

Currency Amount:

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

Currency Amount:

 

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]

 

Initial Exchange:

 

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

 

Fixed Rate Payer

Initial Exchange Amount:

Floating Rate Payer

Initial Exchange Amount:

Final Exchange:

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

Fixed Rate Payer

Final Exchange Amount:

Floating Rate Payer

Final Exchange Amount:

Business Days for

[first currency]:

Business Days for

[second currency]:

[Business Day Convention: [Following/Modified Following/Preceding]]

Calculation Agent:

3. Account Details

Payments to Fixed Date Payer:

Account for payments in [first currency]:

Account for payments in [second currency]:

Payments to Floating Rate Payer:

Account for payments in [first currency]:

Account for payments in [second currency]:

[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