Date: August 24, 2016
Dear Sirs,
ISDA 2014 Collateral Agreement Negative Interest Protocol - Adherence
The purpose of this letter is to confirm our adherence to the ISDA 2014 Collateral Agreement Negative Interest Protocol Protocol as published by the International Swaps and Derivatives Association, Inc. on May 12, 2014 (the “Protocol”). This letter constitutes an Adherence Letter as referred to in 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 Governing Master Agreement and each Protocol Covered Agreement thereto between us and each other Adhering Party.
1. Specified Terms
As between each other Adhering Party and us, the amendments in the Attachment to the Protocol shall apply to each Governing Master Agreement and each Protocol Covered Collateral Agreement thereto 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, and hereby release ISDA from, any rights, 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:
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.
Cardano Risk Management Limited,
,acting on behalf of the funds, accounts or other principals listed in the appendix to this Adherence Letter in relation to the relevant Agreement (or other agreement which deems an Agreement to have been created) between it (as agent) on behalf of such fund, account or other principal and another Adhering Party
BY:
Appendix:The Trustees of the ASDA Group Pension Scheme as trustees of the ASDA Group Pension Scheme
5493005YHPUPTJERO155
Brakes Pension Trustee Limited as trustee of the Brakes Final Salary Pension Scheme
213800DHTJSMR2K57N90
Express Newspapers Pension Trustees Limited as trustee of the Express Newspapers 1988 Pension Fund
213800Y9BM9CCNGLSO03
G4S Trustees Limited as trustee of the Group 4 Section of the G4S Pension Scheme
213800PHNQCEIOL5AN08
G4S Trustees Limited as trustee of the GSL Section of the G4S Pension Scheme
213800I24BBTBL4SGV98
G4S Trustees Limited as trustee of the Securicor Section of the G4S Pension Scheme
213800TARMCZBSQ8WF47
GKN Group Pension Trustee (No.2) Limited as trustee of the GKN Group Pension Scheme 2012
21380088A6I75LWV2F55
GKN Group Pension Trustee Limited as trustee of the GKN Group Pension Scheme
213800ZZAPE34RT9RZ81
Pirelli CIF Trustees Ltd as trustee of the Pirelli Common Investment Fund
213800GA95KIJOUMVT42
The Trustees of the MCPS-PRS Alliance Pension Scheme as trustees of the MCPS-PRS Alliance Pension Scheme
213800DQ8MBT6WYD5G14
Pension Trustee Management Limited as trustee of the Xylem UK Pension Plan
213800SYQ2DM4FSO2S75
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Investment Portfolio Fund I
213800CIRHUY3TJXQR75
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Investment Portfolio Fund II
2138004XBLUP4D5T9P72
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Solution Fund 1
21380075136GW424AO29
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Solution Fund 2
21380064YF7JB8SH9Y61
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Solution Fund 3
213800YWNO6WZT3B9R54
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Solution Fund 4
213800S3N1WL7YCDGR75
Carne Global Fund Managers Limited (Ireland) Limited in its capacity as Manager of Cardano Solution Fund 5
213800OKMEQGYANG7B84