Reference Translation

Re: Prescribing Terms and Conditions of Customer’s Cleared Contracts and Clearing BrokerageContracts to be transferred under the provisions of Article 94 and Article 94-2 of the Interest Rate
Swap Clearing Business Rules
September 5, 2012
Amended on February 24, 2014
Amended on September 24, 2015
Amended on January 30, 2017
Japan Securities Clearing Corporation
In accordance with the provisions of Article 8.4 and Article 8-2.3 of Rules on Default Settlement
Regarding Clearing Participants in Relation to IRS Clearing Business, JSCC prescribes the terms
and conditions of the Customer’s Cleared Contracts and the Clearing Brokerage Contracts to betransferred as per Appendix.
End of Document

Reference Translation

Appendix
1. Definitions
The terms used in this Appendix shall be as defined in the Interest Rate Swap Clearing Business
Rules established by Japan Securities Clearing Corporation (hereinafter referred to as “JSCC”)
as the terms used in the Business Rules, etc.
2. Terms and Conditions of Customer’s Cleared Contracts and Clearing Brokerage Contracts to betransferred.
The terms and conditions of the Customer’s Cleared Contracts and the Clearing BrokerageContracts to be transferred shall be the same as the claims and obligations relating to theRelevant Cleared Contract between the Defaulting Clearing Participant (or the “CrossMargining Accepting Party” as to the terms and conditions of the claims and obligations of theCustomer’s Cleared Contract and the Clearing Brokerage Contract set forth in Article 94-2.1.(1)and (2) of the Interest Rate Swap Clearing Business Rules; the same applies hereinafter) andJSCC and Clearing Brokerage Contracts between the Defaulting Clearing Participant and theCustomer, except for the following:
WithrespecttotheCustomer’s

ClearedContracts to be transferred, Fixed Rate Payer (ifsuch Fixed Rate Payer is the Defaulting Clearing
Participant,thentheSuccessor

ClearingParticipant) in the claims and obligations
relating to the Relevant Cleared Contract
between the Defaulting Clearing Participant andJSCC (only when either the Defaulting Clearing
Participant or JSCC is the Fixed Rate Payer)

Fixed Rate Payer

With respect to the Clearing Brokerage Contract
to be transferred, Fixed Rate Payer (if such
Fixed Rate Payer is the Defaulting Clearing
Participant, then the Successor Clearing Broker)
in the claims and obligations relating to theClearingBrokerageContractbetween

theDefaulting Participant and the Customer (onlywhen either the Defaulting Clearing Participant

1Reference Translationor theCustomer is the Fixed Rate Payer)

WithrespecttotheCustomer’s

ClearedContracts to be transferred, Floating Rate Payer(if such Floating Rate Payer is the Defaulting
Clearing Participant, then the Successor ClearingBroker) in the claims and obligations relating tothe Relevant Cleared Contract between theDefaulting Clearing Participant and JSCC
Floating Rate Payer
With respect to the Clearing Brokerage Contract
to be transferred, Floating Rate Payer (if such
Floating Rate Payer is the Defaulting Clearing
Participant, then the Successor Clearing Broker)
in the claims and obligations relating to theClearingBrokerageContract

betweentheDefaulting Participant and the Customer
Withrespectto

theCustomer’s

ClearedContracts to be transferred, the obligor of theupfront fee payment (if such obligor is theDefaulting

Clearing

Participant,thentheSuccessor Clearing Broker) in the claims andobligations relating to the Relevant Cleared
Contract between the Defaulting Clearing
Participant and JSCC

Obligor of Upfront Fee Payment

With respect to the Clearing Brokerage Contract
to be transferred, the obligor of the upfront fee
payment (if such obligor is the Defaulting
Clearing Participant, then the Successor ClearingBroker) in the claims and obligations relating tothe Clearing Brokerage Contract between theDefaulting Participant and theCustomer
End of Document2