Interest Rate Swap Transaction Confirmation between JPMorgan and Counterparty (2006)
This agreement confirms the terms of an interest rate swap transaction between JPMorgan and a counterparty. The transaction involves exchanging fixed and floating interest payments on a notional amount, as detailed in an attached schedule, from February 28, 2006, to August 25, 2010. The counterparty pays a fixed rate of 5.0375% while JPMorgan pays a floating rate based on USD-LIBOR-BBA. Payments are made monthly, with specific dates and conventions outlined in the agreement.
The terms of the particular Interest Rate Swap Transaction to which this Confirmation relates are as follows;
A. TRANSACTION DETAILS
JPMorgan Deal Number(s):
6900022984414
Notional Amount:
Per attached schedule in Exhibit A
Trade Date:
22 February 2006
Effective Date:
28 February 2006
Termination Dare:
25 August 2010 subject to adjustment in accordance with the Modified Following Business Day Convention
Fixed Amounts;
Fixed Rate Payer;
Counterparty
Fixed Rate Payer Period End Dates: The 25th of each month in each year commencing with 25 March 2006 to and including the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention
Fixed Rate Payer Payment Dates:
Two (2) Business days preceding each Fixed Rate Payer Period End Date.
Fixed Rate;
5.0375 percent
Fixed Rate Day Count Fraction:
30/360
Business Days:
New York, London Floating Amounts:
Floating Rate Payer:
JPMorgan
floating Rate Payer Period End Dates: The 25th of each month in each year commencing with 25 March 2006 to and including the Termination Date, subject to adjustment m accordance with the Modified Following Business Day Convention
Floating Rate Payer Payment Dates:
Two (2) Business days preceding each Floating Rate Payer Period End bate.
Floating Rate Option:
USD-LIBOR-BBA
