EXHIBIT 10.2

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May 8, 2006

 

Ms. Deidre Samuels

Director, Global Treasury and Risk Management

International Rectifier Corp.

233 Kansas Street

El Segundo, CA 90245

Dear Deidre:

Pursuant to the ISDA Master Agreement entered into between BNP Paribas Paris and
International Rectifier Corp. dated as of July 1, 1999 as amended, the following
is a list of the economic terms and related information as to the transaction
entered into by the parties on May 8, 2006. The details included in this
memorandum are solely for information and reference purposes only, and are not
meant to replace, modify or otherwise amend the terms contained in the
Confirmations or Master Agreement executed between the parties.

Value Date

 

International Rectifier
Sells JPY

 

International Rectifier
Buys USD

 

Rate

 

Our Confirmation
Reference Number

 

27-Jun-2006

 

507,500,000

 

5,000,000

 

101.50

 

3093570-1

 

27-Sep-2006

 

507,500,000

 

5,000,000

 

101.50

 

3093570-2

 

27-Dec-2006

 

507,500,000

 

5,000,000

 

101.50

 

3093570-3

 

27-Mar-2007

 

507,500,000

 

5,000,000

 

101.50

 

3093570-4

 

27-Jun-2007

 

507,500,000

 

5,000,000

 

101.50

 

3093570-5

 

27-Sep-2007

 

507,500,000

 

5,000,000

 

101.50

 

3093570-6

 

27-Dec-2007

 

507,500,000

 

5,000,000

 

101.50

 

3093570-7

 

27-Mar-2008

 

507,500,000

 

5,000,000

 

101.50

 

3093570-8

 

27-Jun-2008

 

507,500,000

 

5,000,000

 

101.50

 

3093570-9

 

26-Sep-2008

 

507,500,000

 

5,000,000

 

101.50

 

3093570-10

 

26-Dec-2008

 

507,500,000

 

5,000,000

 

101.50

 

3093570-11

 

27-Mar-2009

 

507,500,000

 

5,000,000

 

101.50

 

3093570-12

 

26-Jun-2009

 

507,500,000

 

5,000,000

 

101.50

 

3093570-13

 

25-Sep-2009

 

507,500,000

 

5,000,000

 

101.50

 

3093570-14

 

24-Dec-2009

 

507,500,000

 

5,000,000

 

101.50

 

3093570-15

 

26-Mar-2010

 

507,500,000

 

5,000,000

 

101.50

 

3093570-16

 

25-Jun-2010

 

507,500,000

 

5,000,000

 

101.50

 

3093570-17

 

27-Sep-2010

 

507,500,000

 

5,000,000

 

101.50

 

3093570-18

 

24-Dec-2010

 

507,500,000

 

5,000,000

 

101.50

 

3093570-19

 

25-Mar-2011

 

507,500,000

 

5,000,000

 

101.50

 

3093570-20

 

Client Notional

 

10,150,000,000

 

100,000,000

 

 

 

 

 

 

Very truly yours,

James M. Kaufman
Director
BNP Paribas

787 SEVENTH AVENUE • NEW YORK, NY 10019-6016 • (212) 841-2000 • FAX (212)
841-2146 • TELEX 666928 • www.bnpparibas.com

 

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