Protocol Adherence

Protocol: ISDA 2015 Section 871(m) Protocol

Adhering Organization: Cheyne Capital Management (UK) LLP

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Date: December 19, 2016

 

Dear Sirs,

ISDA 2015 Section 871(m) Protocol - Adherence

The purpose of this letter is to confirm our adherence to the ISDA 2015 Section 871(m) Protocol as published by the International Swaps and Derivatives Association, Inc. (ISDA) on November 2, 2015 (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 Master Agreement 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 Covered Master 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:

CONTACT INFORMATION PROVIDED BY REQUEST ONLY
Contact Us

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.

Cheyne Capital Management (UK) LLP
KD42ZHXK1RKWQPOALA84


BY:

CONTACT INFORMATION PROVIDED BY REQUEST ONLY
Contact Us
Appendix:
Cheyne Select UCITS Fund Public Limited Company - Cheyne Convertibles Absolute Return Fund
5NLUZK6GOEQ3OBESW143
Cheyne Global Equity Fund L.P.
5493002RWSKEGHGO8U86
Cheyne European Event Driven Fund L.P.
3YGJEBAEWCZ8JEWB3R94
Cheyne Real Estate Debt Fund Inc.
549300DBYWBRQFISD417
Cheyne Select UCITS Fund plc - Cheyne European Mid Cap Equity Fund
549300ORDCCV1HFLDI42
Cheyne Real Estate Credit (CRECH) Fund V – Opportunistic SCS SICAV-SIF
2221002PGXJDALD9WH28