Covered Bond Swap Confirmation

Similar documents
Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation. Scotiabank Covered Bond Guarantor Limited Partnership

Covered Bond Swap Confirmation

Covered Bond Swap Confirmation. Scotiabank Covered Bond Guarantor Limited Partnership

Covered Bond Swap Confirmation

Amended and Restated Interest Rate Swap Confirmation

Second Amended Interest Rate Swap Confirmation

BMO Covered Bond Guarantor Limited Partnership c/o,bank of Montreal. Senior Manager, Securitization Finance and Operations

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

CONFIRMATION. Attention: WMTT-IRPConfirmations Fax:

ISDA International Swaps and Derivatives Association, Inc.

BankafAmenca Merrill Lynch

ISDA. International Swaps and Derivatives Association, Inc. CREDIT SUPPORT ANNEX. to the Schedule to the. Covered Bond 2002 Master Agreement

EXHIBIT A RESOLUTION NO.

ISDA. International Swaps and Derivatives Association, Inc. CREDIT SUPPORT ANNEX. to the Schedule to the. Interest Rate Swap ISDA Master Agreement

JPMorgan. Confirmation. Swap Transaction (Revision) The purpose of this Confirmation is to confirm the terms and conditions of the Swap Transaction

jpmorgan Confirmation Swap Transaction (Revision)

ONTARIO INTERNATIONAL AIRPORT AUTHORITY

CONSOLIDATED FINANCIAL STATEMENTS

ISDA INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

ISDA International Swaps and Derivatives Association, Inc.

The YMCA of Greater Vancouver Properties Foundation

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST. Financial Statements. For the Period Ended March 31, 2004

U.S.$500,000, (ISIN: XS )

APPLICABLE FINAL TERMS. EIB Sukuk Company Ltd. Issue of U.S.$500,000,000 Trust Certificates due 2018 under the

"Specified Entity" means in relation to Party A for the purpose of:

For personal use only

ISDA. International Swaps and Derivatives Association, Inc. CREDIT SUPPORT ANNEX. between. ... and... relating to the

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST. Financial Statements. Year Ended December 31, 2004

ESCROW DEPOSIT AGREEMENT

ISDA International Swaps and Derivatives Association, Inc.

General Assignment Of Leases And Rents

[Letterhead of Buyer, the Undertaking provider] DFT Terms confirmation

MORTGAGE PART 1 (This area for Land Title Office use) Page 1 of pages

ISDA 2016 VARIATION MARGIN PROTOCOL QUESTIONNAIRE

ISDA International Swaps and Derivatives Association, Inc.

NOTICE OF INITIAL SUBSTANTIAL HOLDER ACQUISITION OF STRATEGIC INVESTMENT IN HEALTHSCOPE LIMITED

ESCROW AGREEMENT RELATING TO THE DEFEASANCE OF PORTIONS OF

LOAN MARKET ASSOCIATION ("LMA") STANDARD TERMS AND CONDITIONS FOR PAR AND DISTRESSED TRADE TRANSACTIONS (BANK DEBT/CLAIMS)

FEDERAL NATIONAL MORTGAGE ASSOCIATION ( FANNIE MAE ) Issuer and Trustee TRUST AGREEMENT. Dated as of January 1, for

حماية من تق لب أسعار الصرف

1995 ISDA Standard Terms and Conditions for Escrow Float Transactions

ASSIGNMENT OF LEASES AND RENTS AMENDMENT AND RESTATEMENT

ESCROW AGREEMENT RELATING TO THE DEFEASANCE OF A PORTION OF

SECOND AMENDED RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES FOR TUSTIN UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO

ESCROW AGREEMENT. Defeasance of 2018 and 2019 Maturities of 2005 Bonds. between SCHOOL DISTRICT NO. 414 (KIMBERLY), TWIN FALLS COUNTY, IDAHO.

THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA acting as the governing body of the School District of Broward County, Florida and U.S. BANK NATIONAL ASSO

Master Terms and Conditions for an Islamic Foreign Exchange Forward (Wiqayah Min Taqallub As'aar Assarf) (Single Binding Wa'ad based structure)

IIFM PRODUCT DESCRIPTION. for. Himaayah Min Taqallub As aar Assarf or an Islamic Cross-Currency Swap (ICRCS)

CROSS-PRODUCT MASTER AGREEMENT (CROSS-AFFILIATE VERSION 2) June Dated as of BETWEEN. ( Party A ) and the Party A Affiliates (as defined herein)

RESOLUTION NO

To: Moody s Investors Service, Ltd. Attention: CDO Monitoring Team By

ESCROW AGREEMENT. by and among HARBOR DEPARTMENT OF THE CITY OF LOS ANGELES. and. U.S. BANK NATIONAL ASSOCIATION, as Trustee and as Escrow Agent

Lovells. HSBC BANK PLC as the Currency Swap Provider CONFORMED COPY. relating to PERSONAL AND AUTO FINANCE LOAN SECURITISATION. involving.

ORDINANCE NO O AN ORDINANCE PROVIDING FOR THE CREATION OF LOCAL IMPROVEMENT DISTRICTS; AND REPEALING ORDINANCE NO. 305, 315 AND 367.

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

BOARD OF SUPERVISORS RESOLUTION NO

Consolidated Financial Statements of ECOTRUST CANADA. Year ended December 31, 2016

SELF-CANCELING INSTALLMENT SALES AGREEMENT

FEDERAL NATIONAL MORTGAGE ASSOCIATION ( FANNIE MAE ) Issuer and Trustee TRUST AGREEMENT. Dated as of July 1, for

Mountain Equipment Co-operative

BOARD OF SUPERVISORS RESOLUTION NO

Whenever used in this Plan, the following words and terms have the respective meanings set out below unless the context otherwise requires:

ESCROW AGREEMENT (2008 CERTIFICATES)

CONTRACT RULES: ICE FUTURES GILT FUTURES CONTRACTS SECTION RRRR - CONTRACT RULES: ICE FUTURES GILT FUTURES CONTRACTS

The Bank of Nova Scotia Collateral Mortgage NOTES TO SOLICITORS

ESCROW AGREEMENT. Relating to the advance crossover refunding of the outstanding

Vivint Solar, Inc. (Exact name of registrant as specified in its charter)

Case Doc 904 Filed 02/14/18 Entered 02/14/18 11:48:34 Desc Main Document Page 1 of 3 UNITED STATES BANKRUPTCY COURT DISTRICT OF MAINE

IMPORTANT NOTICE. Credit Derivatives Product Management Simon Todd

BE IT RESOLVED BY THE SCHOOL BOARD OF BREVARD COUNTY, FLORIDA:

ISDA. International Swaps and Derivatives Association, Inc. NOVATION AGREEMENT. dated as of 18 December 2014 among:

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q

dated December [21], 2017 between and $[87,400,000]

17 CFR Ch. II ( Edition)

EXHIBIT D ESCROW AGREEMENT

Bidding Procedures. 1. GLB s interest in the lands located at 1 St Clair Drive, Welland, Ontario legally described as:

Revised April 26, 2012 April 30, 2012

JH:SRF:JMG:brf AGENDA DRAFT 4/06/2016 ESCROW AGREEMENT

MASTER CONFIRMATION AGREEMENT FOR NON-DELIVERABLE CURRENCY OPTION TRANSACTIONS (EUROPEAN STYLE)

ISDA. International Swaps and Derivatives Association, Inc. NOVATION AGREEMENT. dated as of 31 October 2017 among:

THE EVERGREEN STATE COLLEGE RESOLUTION NO

INSTALLMENT PURCHASE AGREEMENT

HOUSING ASSISTANCE PLEDGE AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS. Dated as of March 1, by and among the

Consumer Finance - Common Glossary of Important Terms

Transcription:

Covered Bond Swap Confirmation November 6, 2014 To: TD Covered Bond (Legislative) Guarantor Limited Partnership, acting by its managing general partner, TD Covered Bond (Legislative) GP Inc. 66 Wellington Street West 21 st Floor, TD Bank Tower Toronto, Ontario M5K 1A2 Attn: Christina Wang Fax: (416) 868-0792 From: The Toronto-Dominion Bank Re: And Re: Covered Bond Transaction (re AUD 1,000,000,000 Floating Rate Covered Bonds due November 6, 2019, Series CBL5 (ISIN: AU3FN0025342) under the USD 15,000,000,000 Global Legislative Covered Bond Programme unconditionally and irrevocably guaranteed as to payments by TD Covered Bond (Legislative) Guarantor Limited Partnership, acting by its managing general partner, TD Covered Bond (Legislative) GP Inc. Trade Reference Series CBL5 Dear Sir or Madam, The purpose of this letter is to confirm the terms and conditions of the transaction entered into between The Toronto-Dominion Bank ( Party A ) and TD Covered Bond (Legislative) Guarantor Limited Partnership, acting by its managing general partner, TD Covered Bond (Legislative) GP Inc. ( Party B ) on the Trade Date specified below (the Transaction ). This document constitutes a Confirmation as referred to in the Agreement as specified below. This Confirmation evidences a complete binding agreement between you and us as to the terms of the Transaction to which this Confirmation relates. This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of November 6, 2014 (identified on page 1 thereof as the Covered Bonds 2002 Master Agreement (Series CBL5) ), as amended, varied, restated and supplemented from time to time, between you and us (the Agreement ). All provisions contained in the Agreement shall govern this Confirmation except as expressly modified below. In the event of any inconsistency between the provisions of the Agreement and this Confirmation, this Confirmation will prevail for the purpose of this Transaction. The definitions and provisions contained in the 2006 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc.) (the Definitions ) are incorporated into this Confirmation. In the event of any inconsistency between any of the following, the first listed shall govern (i) this Confirmation; (ii) the Supplemental Trust Deed dated October 17, 2014 between The Toronto-Dominion Bank, TD Covered Bond (Legislative) Guarantor Limited Partnership and Computershare Trust Company of Canada (the Supplemental Trust Deed ); (iii) the Master Definitions and Construction Agreement dated June 25, 2014 between The Toronto-Dominion Bank, TD Covered Bond (Legislative) Guarantor Limited Partnership,

- 2 - Computershare Trust Company of Canada, TD Covered Bond (Legislative) GP Inc., 8638080 Canada Inc., and Ernst & Young LLP and each other Person who may from time to time become a party thereto, as amended, varied, restated and supplemented from time to time (the Master Definitions and Construction Agreement ); and (iv) the Definitions. Capitalized terms used but not defined herein shall have the respective meanings given to them in the Master Definitions and Construction Agreement. For the purposes of the Definitions, references herein to a Transaction shall be deemed to be references to a Swap Transaction. The terms of the particular Transaction to which this Confirmation relates are as follows: Trade Date: October 31, 2014. Effective Date: Termination Date: The Contingent CB Swap Effective Date; provided that the Effective Date will be such date on which a Covered Bond Swap Activation Event occurs if (a) Party A is also the lender under the Intercompany Loan Agreement, (b)(a) a Contingent Collateral Trigger Event has occurred in respect of Party A, (B) a Contingent Collateral Notice is in effect in respect of such Contingent Collateral Trigger Event and (C) within 10 Toronto Business Days of the occurrence of such Contingent Collateral Trigger Event and for so long as a Contingent Collateral Trigger Event continues to exist, Party B has Contingent Collateral in respect of this Agreement, and (c) the Asset Coverage Test or the Amortization Test, as applicable continues to be satisfied. Unless terminated earlier by a Covered Bond Swap Early Termination Event, the earlier of: (a) (b) the Final Maturity Date for (or, if earlier, the date of redemption in whole, but not in part, of) the final Tranche of Series CBL5 or, if Party B notifies Party A prior to such Final Maturity Date of its inability to pay in full Guaranteed Amounts corresponding to the Final Redemption Amount for such final Tranche of Series, the final date on which an amount representing the Final Redemption Amount for such final Tranche of Series is paid (but in any event, not later than the Extended Due for Payment Date for such final Tranche of Series, if any) (the Scheduled Termination Date ); and the date designated therefor by the Bond Trustee and notified to Party A and Party B for purposes of realizing the Security in accordance with the Security Agreement and distributing the proceeds therefrom in accordance with the Post-Enforcement Priority of Payments following the enforcement of the Security pursuant to Programme Term 3.03 of the

- 3 - Supplemental Trust Deed for Series CBL5. Currency Swap Transaction Exchange Rate: Business Days: Calculation Period Guarantor Calculation Period 1 AUD = 0.998 CAD. Sydney, New York, London and Toronto In respect of Party B Floating Amounts, each Guarantor Calculation Period and in respect of Party A Floating Amounts, each Swap Provider Calculation Period. Each period from and including the last Business Day of each month to, but excluding, the last Business Day of the next succeeding month, provided that (a) the first Guarantor Calculation Period begins on, and includes, the Effective Date, and (b) the final Guarantor Calculation Period shall end on, but exclude, the Termination Date. Party B Floating Amounts Floating Rate Payer: Party B. Party B Payment Date: Party B Payment Amount: Each Guarantor Payment Date, commencing the first such date following the first Calculation Date which occurs after the Effective Date. On each Party B Payment Date, Party B will pay in Canadian Dollars to Party A the product of: (a) (b) (c) the Party B Notional Amount for the Guarantor Calculation Period ending immediately preceding such Guarantor Payment Date; Party B Day Count Fraction; and the Party B Floating Rate. Party B Notional Amount: Party B Day Count Fraction: Party B Business Day Convention: For each Guarantor Calculation Period, the product of (x) the Party A Currency Amount on the first day of such Guarantor Calculation Period and (y) the Currency Swap Transaction Exchange Rate. Act/365 (Fixed) Following.

- 4 - Party B Floating Rate: Party B Floating Rate Option: Party B Designated Maturity: Party B Reset Dates: Party B Base Spread: Party B Floating Rate Option plus Party B Base Spread. CAD-BA-CDOR. 1 month. The first day of each Guarantor Calculation Period. per cent. per annum. Party A Floating Amounts Floating Rate Payer: Party A. Party A Currency Amount: Swap Provider Calculation Period: Swap Provider Payment Dates: In respect of each Swap Provider Calculation Period, an amount in AUD equal to the Party A Notional Amount minus the aggregate of each Party A Interim Exchange Amount paid on or prior to the first day of such Swap Provider Calculation Period. Each period from and including a Swap Provider Payment Date to, but excluding, the next following applicable Swap Provider Payment Date, except that (a) the initial Swap Provider Calculation Period will commence on, and include, the Effective Date and (b) the final Swap Provider Calculation Period will end on, but exclude, the Scheduled Termination Date. On or prior to the Final Maturity Date, 6 th of each February, May, August and November commencing the first such date after the Effective Date up to and including the Final Maturity Date for Series CBL5, and thereafter, the 6 th of each month up to and including the Scheduled Termination Date (which, for greater certainty, may be a date other than the 6 th of the month). Party A Notional Amount: AUD 1,000,000,000. Party A Payment Amount: On each Swap Provider Payment Date, Party A will pay to Party B the product of: (a) (b) the Party A Currency Amount for the Swap Provider Calculation Period ending on, but excluding, such Swap Provider Payment Date; the Party A Floating Rate Day Count Fraction for the Swap Provider Calculation Period ending on such Swap Provider Payment Date; and

- 5 - (c) the Party A Floating Rate. Party A Floating Rate: Party A Floating Rate Option: Party A Floating Rate Option plus Party A Spread Bank Bill Rate, being the average mid-rate for Bills (having the meaning that term has in the Bill of Exchange Act 1909 of the Commonwealth of Australia) having a tenor closest to the applicable Swap Provider Calculation Period as displayed on the BBSW page (or any replacement page) of the Reuters Monitor System on the first day of that Swap Provider Calculation Period as determined by the Calculation Agent. However, if the average mid-rate is not displayed by 10:30 am on that day, or if it is displayed but the Calculation Agent determines that there is an obvious error in that rate, Bank Bill Rate means the rate determined by the Calculation Agent in good faith at approximately 10:30 am on that day, having regard, to the extent possible, to the mid-rate of rates otherwise bid and offered for bank accepted Bills (as defined above) of that tenor at or around that time (including any displayed on the BBSY page of the Reuters Monitor System). Party A Designated Maturity: Prior to the Final Maturity Date, 3 months, and thereafter, 1 month Party A Spread: Party A Reset Dates: Party A Floating Rate Day Count Fraction Party A Business Day Convention: 0.63 per cent. per annum. The first day of each applicable Swap Provider Calculation Period. Actual/365 (Fixed) Modified Following. Interim Exchanges Interim Exchange Date: If (a) an Extended Due for Payment Date is specified as applicable in the Final Terms for Series CBL5 and (b) Party B has notified Party A that the payment of any or all of the Final Redemption Amount for such Series shall be deferred until the Extended Due for Payment Date pursuant to Condition 6.01 of the Deed Poll (as defined in the Supplemental Trust Deed) for such Series, then each Interest Payment Date for such Series falling after the Final Maturity Date up to (and including) the relevant Extended Due for Payment Date for which Party B has provided at least three Business Days prior notice of the related Party B Interim Exchange Amount.

- 6 - Party A Interim Exchange Amount: Party B Interim Exchange Amount: With respect to an Interim Exchange Date, the amount in AUD notified by Party B to Party A as being the portion of the Final Redemption Amount for Series CBL5 that Party B shall pay pursuant to Condition 6.01 of the Deed Poll (as defined in the Supplemental Trust Deed) for Series CBL5. With respect to an Interim Exchange Date, the Party A Interim Exchange Amount for such Interim Exchange Date converted into Canadian Dollars at the Currency Swap Transaction Exchange Rate. Final Exchanges Final Exchange Date: Party A Final Exchange Amount: Party B Final Exchange Amount: If Party B is required to pay a Final Redemption Amount for Series CBL5 on any day pursuant to Programme Term 3.02 of the Supplemental Trust Deed for Series CBL5 and provides at least three Business Days prior notice thereof to Party A, then the day so specified in such notice. The amount in AUD notified by Party B to Party A as being the Early Redemption Amount for Series CBL5 plus accrued but unpaid interest and any other amount due under Series CBL5 (other than additional amounts payable under Condition 8 of the Deed Poll (as defined in the Supplemental Trust Deed) for Series CBL5 that Party B shall pay pursuant to Programme Term 3.02 of the Supplemental Trust Deed for Series CBL5. The Party A Final Exchange Amount converted into Canadian Dollars at the Currency Swap Transaction Exchange Rate. Other Provisions Covered Bond Swap Rate for Programme Terms and Conditions: 1 AUD = 0.884 USD Calculation Agent: Party A. Account Details Account for payments to Party A in CAD: Bank: SWIFT: Branch Transit: Beneficiary account number: For further credit to: The Toronto-Dominion Bank

- 7 - or such other account as Party A may direct. Account for payments to Party B in AUD: Such account as directed by Party B. Contact Details for notices Party A Party B As set out in Part 4 of the Agreement. As set out in Part 4 of the Agreement. [Remainder of page intentionally left blank]

Confirmation Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this Confirmation and returning it to us. Weare delighted to have executed this Transaction with you and look forward to working with you again. Time of trading is available upon request. Yours sincerely, THE TORONTO-DOMINION t-j~ By Name: Christin ng Title: Associate Vice-President, BANK Treasury and Balance Sheet Management Confirmed as of the date first written above: TD COVERED BOND (LEGISLATIVE) GUARANTOR LIMITED PARTNERSHIP, acting by its managing general partner, TD COVERED BOND (LEGISLATIVE) GP INC. tj~ By Name: Christi:ra. Title: Vice President Date: MT DOCS 13668239