FOREIGN CURRENCY LINKED Clause Samples

FOREIGN CURRENCY LINKED. If it is decided in the conditions of the relevant series that the bond's capital and interest of the same series are foreign currency linked then their linkage to the foreign currency would be made in such a manner that if at some date of payment made from capital and/or interest for these bonds it is found that the rate of payment is higher than the prime rate, then the company would pay the same payment of capital and/or interest, where it is increased in relation to the rate of increase in the payment rate as compared to the prime rate. If the payment rate is lower than the prime rate, the company would then be allowed to determine in the first proposal report of that series whether the capital and/or interest of the bonds would be protected (meaning, if the payment rate is lower than the prime rate, the payment rate would be the prime rate) or would not be protected as stated (meaning, the payment rate would be the known rate at the time of payment, even if this rate is lower than the prime rate). The existence of protection, as stated, is reserved for cases where the payment rate is lower than the prime rate detailed in said first proposal report. The interest paid for bonds from the same series would be a fixed rate interest as stated in article 4.3.1 below or a variable rate interest (Libor rate or Euribor, as determined in the first proposal report of the relevant series, with the addition or subtraction from the profit specified in said proposal report or determined by bid) as stated in article 4.3.2 below.