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EFTA01455956

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I April 25, 2014 IMPORTANT: ACTION REQUIRED 2014 NOTIFICATION OF RIGHT TO SEGREGATION OF INITIAL MARGIN POSTED IN RESPECT OF UNCLEARED SWAPS PURSUANT TO CFTC RULE 23.701 Dear Sir or Madam: This notification (the "CFTC IM Segregation Right Notice") is being provided by usi pursuant to Commodity Futures Trading Commission ("CFTC") rule 23.701 in respect of one or more of our swap counterparties (each, a "Counterparty"). Please note that failure to confirm receipt of this notice and make the necessary election described below may inhibit our ability to execute swaps (as defined by CFTC rules) that are not submitted for clearing (each, an "Uncleared Swap") with Counterparty on or after the relevant CFTC compliance date= (the "Compliance Date") due to CFTC rules. In accordance with CFTC rule 23.701, we are hereby notifying you that, to the extent Counterparty posts "Initial Margin" (as defined in CFTC rule 23.700) ("IM") in respect of any Uncleared Swap between us and Counterparty that is executed on or subsequent to the Compliance Date, Counterparty has the right to elect that IM be segregated ("IM Segregation") in accordance with the requirements set forth in CFTC rules 23.702 and 23.703 (the "CFTC Segregation Regime"). In the attached Schedule we have identified one or more institutions as an acceptable custodian for IM Segregation and provided information regarding the price of1M Segregation based on information available to us. We need to obtain the following information as soon as possible in order to satisfy our obligations under CFTC rules: I. Confirmation of your receipt of this notice; and II. Counterparty's election to either: • require IM Segregation in accordance with the CFTC Segregation Regime. Note: If Counterpart)) chooses this first election, certain documentation, including a tri-party custodial agreement that meets the requirements of the CFTC Segregation Regime, must be put in place. After the Compliance Date, choosing t

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Independent research project. Not affiliated with the U.S. Department of Justice, FBI, any government agency, or Anthropic. All analytical text on this site is AI-generated (Claude, Anthropic) and iteratively fact-checked against source documents, but may contain errors. Verify all claims against linked EFTA sources before citing.
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