International Rectifier Sells JPY
EXHIBIT 10.2
May 8, 2006
Ms. Deidre Samuels
Director, Global Treasury and Risk Management
International Rectifier Corp.
233 Kansas Street
El Segundo, CA 90245
Dear Deidre:
Pursuant to the ISDA Master Agreement entered into between BNP Paribas Paris and International Rectifier Corp. dated as of July 1, 1999 as amended, the following is a list of the economic terms and related information as to the transaction entered into by the parties on May 8, 2006. The details included in this memorandum are solely for information and reference purposes only, and are not meant to replace, modify or otherwise amend the terms contained in the Confirmations or Master Agreement executed between the parties.
| Value Date |
| International Rectifier |
| International Rectifier |
| Rate |
| Our Confirmation |
|
| 27-Jun-2006 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-1 |
|
| 27-Sep-2006 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-2 |
|
| 27-Dec-2006 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-3 |
|
| 27-Mar-2007 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-4 |
|
| 27-Jun-2007 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-5 |
|
| 27-Sep-2007 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-6 |
|
| 27-Dec-2007 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-7 |
|
| 27-Mar-2008 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-8 |
|
| 27-Jun-2008 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-9 |
|
| 26-Sep-2008 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-10 |
|
| 26-Dec-2008 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-11 |
|
| 27-Mar-2009 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-12 |
|
| 26-Jun-2009 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-13 |
|
| 25-Sep-2009 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-14 |
|
| 24-Dec-2009 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-15 |
|
| 26-Mar-2010 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-16 |
|
| 25-Jun-2010 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-17 |
|
| 27-Sep-2010 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-18 |
|
| 24-Dec-2010 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-19 |
|
| 25-Mar-2011 |
| 507,500,000 |
| 5,000,000 |
| 101.50 |
| 3093570-20 |
|
| Client Notional |
| 10,150,000,000 |
| 100,000,000 |
|
|
|
|
|
Very truly yours,
James M. Kaufman
Director
BNP Paribas
787 SEVENTH AVENUE • NEW YORK, NY 10019-6016 • (212) 841-2000 • FAX ###-###-#### • TELEX 666928 • www.bnpparibas.com
