EFTA Document EFTA01353292

TBMA/ISSIA GLOBAL MASTER REPURCHASE AGREEMENT (2000 VERSION) GILTS ANNEX Supplemental terms and conditions where repurchase transactions are to be effected in UK gilt-edged securities This Annex constitutes an Annex to the IIIMMISMA Global Master Repurchase Agreement dated January 7, 2015 between DEUTSCHE BANK AG and SOUTHERN FINANCIAL LLC (the "Agreement). I. Interpretation 1.1 In this Post of this Annex the Agreement means the Agreement dated January 7, 2015 substantially in the form of the TIIMAilSMA Global Master Repurchase Agreement (2000 Version) of which this Annex fomts parr. (b) CREST means the computer-based system and associated clerical procedures established by CRESTCo Limited to facilitate the transfer of gilt-edged securities and other uneertilicated securities: (e) CHAPS system means the same day payment system operated by the CHAPS Clearing Company Limited; (di gilt-edged securities means securities which arc gilt-edged securities for the purposes of section 50 (7) of the Income and Corporation Taxes Act 1988. 1.2 Terms to which a defined meaning is given in the Agreement have the same meanings in this Annex. 2. Scope 2.1 Tire parties have agreed that the Transactions to which the Agreement applies may include Transactions in respect of gilt-edged securities. 2.2 The terms and conditions set out in this Annex apply to Transactions in respect of gilt-edged securities and. to the extent and in the circumstances provided in paragraph 3.3(c) below, Transactions wholly or partly in respect of such other securities as are referred to in that paragraph. 3. CREST 3.1 CREST shall be an agreed securities clearance system for the purposes of paragraph 6(a)(iii) of the Agreement. 3.2 Where under the mks and procedures of the CREST the delivery of any Securities from a securities account in the name of one party or its nominee or agent (the transferor) to a securities account in the name of the other part) or its nominee or agent (Ike transferee) gives rise to an assured payment obligation by which the settlement bank acting for the transferee is obliged to make a payment to the settlement bank acting for the transferor, the creation of that assured payment obligation shall for the purposes of the Agreement and any Transaction be treated as a payment from the transferee to the transferor of an amount equal to the amount of the assured payment obligation. 3.3 (a) Subject to and in accordance with the following provisions of the subparagraph, the parties may agree to enter into an overnight sale and repurchase transaction (a MI' Transaction) to be effected under the -delivery-by-value- facility of CREST. (b) The Confirmation relating to a OBV Transaction - (i) shall specify the Transaction as a IMIV Transaction: 31 Confidential CONFIDENTIAL - PURSUANT TO FED. Ft CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0037612 SDNY_GM 00183796 EFTA01353292