EFTA Document EFTA01368764

Open Position, such number being determined and notified by Party A to Party B from time to time, and initially being five percent (5%). (K) (A) "Tier II Independent Amount Ratio" means a number expressed as a percentage representing the minimum proportion of (1) the Net Collateral Value attributable to all FX Transactions and Currency Option Transactions involving Tier II Currencies but not involving Tier Ill Currencies or Tier IV Currencies to (2) the Tier 11 Net Open Position, which P