Protocol Adherence
Protocol: ISDA Derivatives/FX PB Business Conduct Allocation Protocol
Adhering Organization: Skandinaviska Enskilda Banken AB (publ)
Adherence Letter
Print Adherence Letter will trigger a new window or tab to open.Date: March 06, 2014
Dear Sirs,
ISDA Derivatives/FX Prime Brokerage Business Conduct Allocation Protocol - Adherance
The purpose of this letter is to confirm our adherence to the ISDA Derivatives/FX Prime Brokerage Business Conduct Allocation Protocol as published by the International Swaps and Derivatives Association, Inc. on April 30, 2013 (the “Protocol”). This letter constitutes, as between each other Adhering Party and us, an Adherence Letter as referred to in the Protocol. The definitions and provisions contained in the Protocol are incorporated into this Adherence Letter, which will supplement and form part of each Covered Give-up Agreement between us and each other Adhering Party.
1. Specified Terms
As between each other Adhering Party and us, the amendments in the Annex to the Protocol shall apply to each Covered Give-up Agreement to which we are a party in accordance with the terms of the Protocol and this Adherence Letter.
2. Appointment as Agent and Release
We hereby appoint ISDA as our agent for the limited purposes of the Protocol and accordingly we waive any rights, and hereby release ISDA from, any claims, actions or causes of action whatsoever (whether in contract, tort or otherwise) arising out of or in any way relating to this Adherence Letter or our adherence to the Protocol or any actions contemplated as being required by ISDA.
3. Payment
Each Adhering Party must submit a one-time fee of U.S. $500 to ISDA at or before the submission of this Adherence Letter.
4. Contact Details
Our contact details for purposes of this Adherence Letter are:
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We consent to the publication of a conformed copy of this letter by ISDA and to the disclosure by ISDA of the contents of this letter.
BY:
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