Common use of Clearing Model Change Clause in Contracts

Clearing Model Change. The Parties agree that, following the Transfer, the Respective Transactions shall henceforth be covered by the New Clearing Model Provisions (and, consequently, shall not be covered by the Current Clearing Model Provisions any more) □ as provided in a separate file in accordance with Annex 2 together with this Clearing Model Change Agreement or □ as indicated in the following table with respect to each transaction type by marking the relevant box with an “X”: transactions type clearing model Chapter II Transactions concluded at Eurex Deutschland (Eurex Exchange) Chapter VIII Part 2 OTC Interest Rate Derivative Transactions Elementary Clearing Model Provisions Elementary Clearing Model Provisions (CASS) Individual Segregated Account Provisions (Eligible Margin Assets in the formof cash only) Individual Segregated Account Provisions (under a Security Interest Margin Election: by providing Margin in the formof Securities by w ay of pledge) Individual Segregated Account Provisions (under a Title Transfer Margin Election: by providing Margin in the formof Securities by w ay of title transfer) Individual Segregated Account Provisions (CASS) (Eligible Margin Assets in the form of cash only / by providing Margin in the formof Securities by w ay of pledge) Individual Clearing Model Provisions under Eurex Clearing AG Documentation Individual Clearing Model Provisions under Client Clearing Documentation If the Transfer results in a change of the clearing model, Chapter I Part 1 Number 8.1.2 of the Clearing Conditions will apply.

Clearing Model Change. 2.1 The Parties agree that, following as of the TransferEffective Date, the Respective Transactions and, if applicable, corresponding Redelivery Claims for Variation Margin shall henceforth be covered by the New Clearing Model Provisions (and, consequently, shall not be covered by the Current Clearing Model Provisions any more) □ as provided in a separate file in accordance with Annex 2 together with this ) 2.2 The Clearing Model Change Agreement or □ as indicated Member allows the Disclosed Direct Client to make entries in the following table systems of Eurex Clearing AG relating to the Post-Trade Management with respect to each transaction type by marking the DC-Related Transactions (cf. Chapter I Part 1 Number 1.1.8 of the Clearing Conditions): 2.3 The Parties agree that, as of the Effective Date, corresponding Redelivery Claims relating to Margin in the form of cash under or allocated to the relevant box with an “X”: transactions type clearing model Chapter II Transactions concluded at Eurex Deutschland (Eurex Exchange) Chapter VIII Part 2 OTC Interest Rate Derivative Transactions Elementary Clearing Model Provisions Elementary Standard Agreement under the Current Clearing Model Provisions (CASSin an amount specified in Annex 1) Individual Segregated Account Provisions shall become Redelivery Claims relating to Margin in the form of cash under the New Clearing Model provisions. 2.4 The effectiveness of the amendment of the Respective Transactions pursuant to Number 2.1 and 2.2 is subject to the condition precedent (aufschiebende Bedingung), unless waived by Eurex Clearing AG, that (i) the Clearing Member has provided or provides Eligible Margin Assets in as Margin for the formof cash onlyRespective Transactions that cover the related margin requirement of the Clearing Member resulting from the Respective Transactions under the New Clearing Model Provisions and (ii), if applicable, the Clearing Member has fully complied with its obligations to deliver Variation Margin for the Respective Transactions. For the avoidance of doubt, (i) Individual Segregated Account Provisions (under such provision of Margin may be effected through a Security Interest Margin Election: by providing Margin in the formof Securities by w ay transfer of pledge) Individual Segregated Account Provisions (under a Title Transfer Margin Election: by providing Margin in the formof Securities by w ay of title transfer) Individual Segregated Account Provisions (CASS) (Eligible Margin Assets in the form of cash only / or Respective Securities in accordance with Number 3 or by providing the provision of Margin in accordance with the formof Securities Clearing Conditions and (ii) such provision of Variation Margin may be effected through an amendment of existing corresponding Redelivery Claims for Variation Margin in accordance with Number 2.1 or by w ay the provision of pledge) Individual Variation Margin in accordance with the Clearing Model Provisions under Conditions. 2.5 Eurex Clearing AG Documentation Individual may reject a Clearing Model Provisions Change under Client this Clearing Documentation Model Change Agreement, in particular if the Clearing Model Change would result in an adverse risk for Eurex Clearing AG. 2.6 Eurex Clearing may postpone the Clearing Model Change to a different date, which it shall coordinate with the Clearing Member. If this leads to the Transfer results in a change Annexes being outdated, the Clearing Member shall provide updated versions of the clearing model, Chapter I Part 1 Number 8.1.2 Annexes. The Clearing Member shall communicate any postponement of the Change Date to affected Disclosed Direct Clients, if the Disclosed Direct Clients have entered into a Clearing Conditions will applyAgreement with the Clearing Member and Eurex Clearing AG.

Clearing Model Change. The Parties agree that, following as of the TransferCMA Effective Date, the Respective CMA Transactions and, if applicable, corresponding Redelivery Claims for Variation Margin shall henceforth be covered by the New Clearing Model Provisions (and, consequently, shall not be covered by the Current Clearing Model Provisions any moreanymore) □ as indicated by the Clearing Member. Eurex Clearing will request the segregation setup information from the Clearing Member in a form as published on its website (xxx.xxxxxxxxxxxxx.xxx) or as provided otherwise to the Clearing Member. 2.1 To the extent the CMA Transactions are DC-Related Transactions after the Clearing Model Change, the Clearing Member allows the Disclosed Direct Client to make entries in a separate file the systems of Eurex Clearing to execute the Post-Trade Management functions with respect to the DC-Related Transactions relating to the respective Disclosed Direct Client (cf. Chapter I Part 1 Number 1.1.8 of the Clearing Conditions): 2.2 The Parties agree that, as of the CMA Effective Date, corresponding Redelivery Claims relating to Margin in accordance the form of cash under or allocated to the relevant Standard Agreement under the Current Clearing Model Provisions (in an amount specified in Annex 1) shall become Redelivery Claims relating to Margin in the form of cash under the New Clearing Model provisions. 2.3 The effectiveness of the amendment of the CMA Transactions pursuant to Number 2.1 is subject to the condition precedent (aufschiebende Bedingung), unless waived by Eurex Clearing, that (i) the Clearing Member has provided or provides Eligible Margin Assets as Margin for the CMA Transactions that cover the related margin requirement of the Clearing Member resulting from the CMA Transactions under the New Clearing Model Provisions, (ii), if applicable, the Clearing Member has fully complied with Annex 2 together with its obligations to deliver Variation Margin for the CMA Transactions and (iii) to the extent Cash or Securities that are affected by this Clearing Model Change Agreement are delivered as Proprietary Margin or □ Proprietary Variation Margin, the amendment to the security purpose of such Cash or Securities does not lead to a shortfall in Margin or Variation Margin (as indicated in applicable). For the following table with respect to each transaction type by marking the relevant box with an “X”: transactions type clearing model Chapter II Transactions concluded at Eurex Deutschland avoidance of doubt, (Eurex Exchangei) Chapter VIII Part 2 OTC Interest Rate Derivative Transactions Elementary Clearing Model Provisions Elementary Clearing Model Provisions (CASS) Individual Segregated Account Provisions (Eligible such provision of Margin Assets in the formof cash only) Individual Segregated Account Provisions (under may be effected through a Security Interest Margin Election: by providing Margin in the formof Securities by w ay transfer of pledge) Individual Segregated Account Provisions (under a Title Transfer Margin Election: by providing Margin in the formof Securities by w ay of title transfer) Individual Segregated Account Provisions (CASS) (Eligible Margin Assets in the form of cash only / or CMA Securities in accordance with Number 3 or by providing the provision of Margin in the formof Securities by w ay of pledge) Individual Clearing Model Provisions under Eurex Clearing AG Documentation Individual Clearing Model Provisions under Client Clearing Documentation If the Transfer results in a change of the clearing model, Chapter I Part 1 Number 8.1.2 of accordance with the Clearing Conditions will applyand (ii) such provision of Variation Margin may be effected through an amendment of existing corresponding Redelivery Claims for Variation Margin in accordance with Number 2.1 or by the provision of Variation Margin in accordance with the Clearing Conditions. 2.4 Eurex Clearing may reject a Clearing Model Change under this Clearing Model Change Agreement, in particular if the Clearing Model Change would result in an adverse risk for Eurex Clearing. 2.5 Eurex Clearing may postpone the Clearing Model Change to a different date, which it shall coordinate with the Clearing Member. If this leads to the Annexes being outdated, the Clearing Member shall provide updated versions of the Annexes. The Clearing Member shall communicate any postponement of the CMA Change Date to affected Disclosed Direct Clients.

Clearing Model Change. 2.1 The Parties agree that, following as of the TransferEffective Date, the Respective Transactions shall henceforth be covered by the New Clearing Model Provisions (and, consequently, shall not be covered by the Current Clearing Model Provisions any more) □ as provided in a separate file in accordance with Annex 2 together with this Clearing Model Change Agreement or □ as indicated in the following table with respect to each transaction type by marking the relevant box with an “"X”: transactions type clearing model ". The Parties agree on the amendments of the Respective Transactions pursuant to Chapter II I Part 1 Number 8.2 of the Clearing Conditions. 2.2 The New Clearing Member allows the Disclosed Direct Client to make entries in the systems of Eurex Clearing AG relating to the Post-Trade Management with respect to the DC-Related Transactions concluded at Eurex Deutschland (Eurex Exchange) cf. Chapter VIII I Part 2 OTC Interest Rate Derivative Transactions Elementary 1 Number 1.1.8 of the Clearing Model Provisions Elementary Conditions: 2.3 The Parties agree that, as of the Effective Date, corresponding Redelivery Claims relating to Margin in the form of cash underor allocated to the relevant Standard Agreement under the Current Clearing Model Provisions (CASSin an amount specified in Annex 1) Individual Segregated Account Provisions shall become Redelivery Claims relating to Margin in the form of cash under the New Clearing Model provisions. 2.4 The effectiveness of the amendment of the Respective Transactions pursuant to Number 2.1 and 2.2 is subject to the condition precedent (aufschiebende Bedingung), unless waived by Eurex Clearing AG, that the Clearing Member has provided or provides Eligible Margin Assets in as Margin for the formof cash only) Individual Segregated Account Provisions (Respective Transactions that cover the related margin requirement of the Clearing Member resulting from the Respective Transactions under the New Clearing Model Provisions. For the avoidance of doubt, such provision of Margin may be effected through a Security Interest Margin Election: by providing Margin in the formof Securities by w ay transfer of pledge) Individual Segregated Account Provisions (under a Title Transfer Margin Election: by providing Margin in the formof Securities by w ay of title transfer) Individual Segregated Account Provisions (CASS) (Eligible Margin Assets in the form of cash only / or Respective Securities in accordance with Number 3 or by providing the provision of Margin in accordance with the formof Securities by w ay of pledge) Individual Clearing Model Provisions under Conditions. 2.5 Eurex Clearing AG Documentation Individual may reject a Clearing Model Provisions Change under Client this Clearing Documentation Model Change Agreement, in particular if the Clearing Model Change would result in an adverse risk for Eurex Clearing AG. 2.6 Eurex Clearing may postpone the Clearing Model Change to a different date, which it shall coordinate with the Clearing Member. If this leads to the Transfer results in a change Annexes being outdated, the Clearing Member shall provide updated versions of the clearing model, Chapter I Part 1 Number 8.1.2 of the Clearing Conditions will applyAnnexes.