Common use of NOTES FOR TRUSTEE (CREATION T) Clause in Contracts

NOTES FOR TRUSTEE (CREATION T). C1.5.1 Based on the Purchase Orders placed with it on CREATION T, the Trustee sends an authenticated electronic message (SWIFT MT210) to the Depository (by T+1) indicating the approximate total amount of British Pounds that the Depository will receive from the Authorized Participant on CREATION T+3. C2 CREATION T+1 C2.1 The Purchase Orders and instructions given on CREATION T are all pending with the Trustee. C2.2 The Depository receives the Trustee’s message (SWIFT MT210) about the approximate total amount of British Pounds the Authorized Participant is required to transfer not later than 3:30 p.m. CET on CREATION T+3. C3 CREATION T+2 On CREATION T+2 the Trustee notifies the Authorized Participant of the final amount of British Pounds that must be deposited in the Deposit Account (the “Basket British Pounds Amount”) not later than 3:30 p.m. CET on CREATION T+3 for creation of the Baskets on that day. C4 CREATION T+3 C4.1 By 3:30 p.m. CET (usually 9:30 a.m. NYC time), the Depository has received each Authorized Participant’s wire transfer of the Basket British Pounds Amount in the Deposit Account.

NOTES FOR TRUSTEE (CREATION T). C1.5.1 5.1 Based on the Purchase Orders placed with it on CREATION T, the Trustee sends an authenticated electronic message (SWIFT MT210) to the Depository (by T+1) indicating the approximate total amount of British Pounds that the Depository will receive from the Authorized Participant on CREATION T+3. C2 CREATION T+1 T+1 C2.1 The Purchase Orders and instructions given on CREATION T are all pending with the Trustee. . C2.2 The Depository receives the Trustee’s 's message (SWIFT MT210) about the approximate total amount of British Pounds the Authorized Participant is required to transfer not later than 3:30 p.m. CET on CREATION T+3. C3 CREATION T+2 On CREATION T+2 the Trustee notifies the Authorized Participant of the final amount of British Pounds that must be deposited in the Deposit Account (the “"Basket British Pounds Amount”") not later than 3:30 p.m. CET on CREATION T+3 for creation of the Baskets on that day. C4 CREATION T+3 C4.1 By 3:30 p.m. CET (usually 9:30 a.m. NYC time), the Depository has received each Authorized Participant’s 's wire transfer of the Basket British Pounds Amount in the Deposit Account.