Epstein Secrets

purposes of paragraph 4 hereof, US Dollars ("USD"). (ii) for the purposes of paragraph 10 hereof, USD. Party A will act through its head office in Frankfurt or its branch in London. Party B will act through its offices in the United States Virgin Islands. The pricing source for calculation of Market Val

icated in Annex I hereto; (e) "Business Day" - (i) in relation to the settlement of any Transaction which is to be settled through Clearstream or Euroclear, a day on which Clearstream or, as the case may be, Euroclear is open to settle business in the currency in which the Purchase Price and the Repurch

purposes of paragraph 4 hereof, US Dollars ("USD"). (ii) for the purposes of paragraph 10 hereof, USD. Party A will act through its head office in Frankfurt or its branch in London. Party B will act through its offices in the United States Virgin Islands. The pricing source for calculation of Market Val

indicated in Annex I hereto; (e) "Business Day" - in relation to the settlement of any Transaction which is to be settled through Clearstream or Euroclear, a day on which Clearstream or. as the case may be, Euroclear is open to settle business in the currency in which the Purchase Price and the Repurch

graph 4 hereof, US Dollars ("USD"). (ii) for the purposes of paragraph 10 hereof, USD. Paragraph 2(p). Party A will act through its head office in Frankfurt or its branch in London. Party B will act through its offices in the United States Virgin Islands. Paragraph 2(cc) The pricing source for calculati

in Annex I hereto: (e) "Business Day- - (iv) (i) in relation to the settlement of any Transaction which is to be settled through Clearsueam or Euroclear. a day on which Clearstream or, as the case may he, Eurnclear is open to settle business in the currency in which the Purchase Price and the Repurch

hereof, US Dollars ("USD"). (ii) for the purposes of paragraph 10 hereof, USD. (g) Paragraph 2(p). Party A will act through its head office in Frankfurt or its branch in London. Party B will act through its offices in [please advise]. (h) Paragraph 2(cc). The pricing source for calculation of Mar

on to the settlement of any Transaction which is to be settled through Clearstream or Euroclear, a day on which Clearstream or, as the case may be, Euroclear is open to settle business in the currency in which the Purchase Price and the Repurchase Price are denominated; in relation to the settlement of a

clearing mandate, with FX being the biggest unknown. ¢ Going forward, firms are tackling U.S. vs Europe collateral harmonization/transfer (DTCC and Euroclear are working on a collateral transfer initiative that is expected to launch in 1Q17), collateral management through firms including BNY Mellon, and Cl

le regulations. Merrill Lynch he DFSA conduct of business DIFC is authorized and regula rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germ This research report has been prepared and issued by MLPF&S and/or one or more of its non-US