Document:

EX-10.4

 

Exhibit 10.4

Goldman
Sachs Mitsui Marine Derivative Products, L.P. | 85 Broad Street
| New York, New York
10004 | Tel: 212-902-1000

Swapoconfirms 2008/Chrysler/Chrysler
DCAT 2008/chrysler dcat 2008 a2b
notes swapl ltaa 1711020171

	 	 	 
	SWAP 1 CONFIRMATION (A-2b)

	Goldman
Sachs	 
	 	 	 

February 21,
2008

	 	 	 
	To:

Contact:

	 	DaimlerChrysler Auto Trust 2008-A

c/o BNYM (Delaware)

100 White Clay Center, Route 273

P.O. Box 6995

Newark, Delaware 19714

Attention: Corporate Trust Administration

Facsimile: +1 (302) 453-4400
	 
	 	 
	Copy:

	 	The Bank of New York

101 Barclay Street, 8W

New York, NY 10286

Attention: Asset Backed Securities Unit

email: jbobko@bankofny.com
	 
	 	 
	 

	 	and
	 
	 	 
	 

	 	DaimlerChrysler Financial Services Americas LLC

CIMS 405-25-10

27777 Inkster Road

Farmington Hills, MI 48335

Attention: Paul Colenso

Facsimile: +1 (248) 427-4267
	 
	 	 
	From: 

Contact:

	 	Goldman Sachs Mitsui Marine Derivative Products, L.P.

85 Broad Street

New York, New York 10004

Attention: Swap Administration

Facsimile: +1 (212) 902-1000

Re:
Interest Rate Swap – A-2b Notes, Reference No LTAA1711020171

Ladies and
Gentlemen:

     The purpose of this letter agreement is to confirm the terms and conditions of the Swap
Transaction entered into between Goldman Sachs Mitsui Marine Derivative Products, L.P.
(“Party A”) and DaimlerChrysler Auto Trust 2008-A (“Party B”) on the Trade Date listed below
(the “Transaction”). This letter constitutes a
“Confirmation” as referred to in the
Agreement specified below.

     The
definitions and provisions contained in the 2006 ISDA Definitions (as published by
the International Swaps and Derivatives Association, Inc.) are incorporated into this
Confirmation. For these purposes, all references in those Definitions to a “Swap Transaction”
shall be deemed to apply to

 

 

the Transaction referred to herein. In the event of any inconsistency between those
Definitions and this Confirmation, this Confirmation will govern.

     1. This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master
Agreement (Multicurrency-Cross Border), including the Schedule thereto, dated as of February
21, 2008, as amended and supplemented from time to time (the “Agreement”) between you and us.
All provisions contained in the Agreement govern this Confirmation except as expressly
modified below.

     2. The terms of the particular Transaction to which this Confirmation relates are as
follows:

	 	 	 	 	 
	 

	 	Party A:
	 	Goldman Sachs Mitsui Marine Derivative Products, L.P.
	 
	 	 	 	 
	 

	 	Party B:
	 	DaimlerChrysler Auto Trust 2008-A
	 
	 	 	 	 
	 

	 	Trade Date:
	 	February 13, 2008
	 
	 	 	 	 
	 

	 	Effective Date:
	 	February 21, 2008
	 
	 	 	 	 
	 

	 	Notional Amount:
	 	For the first Calculation Period, the Notional Amount
of this Transaction for purposes of calculating
payments due by either party on the first Payment
Date will be $310,000,000. With respect to any
subsequent Calculation Period up through and including
the Calculation Period ending on but excluding October
8, 2010, the Notional Amount will be the Note Balance
for the A-2b Notes, after giving effect to all amounts
distributed as of the Payment Date that is the first
day of such Calculation Period, as stated on
the Distribution Statement to Noteholders
relating to such Payment Date (the “Actual Balance”).
Party B shall determine the Actual Balance and shall
inform Party A of such determination on such Payment
Date. For the avoidance of doubt, after the first
Calculation Period, Party B shall notify Party A on
each Floating Rate Payer Payment Date of the Actual
Balance, determined in accordance with the foregoing
sentence, relating to the Notional Amount that relates
to the next Floating Rate Payer Payment Date.
	 
	 	 	 	 
	 

	 	 	 	For the avoidance of doubt, the Notional Amount shall
not be reduced as a result of a liquidation of
Collateral following an “Event of Default” (as defined
in the Indenture).
	 
	 	 	 	 
	 

	 	Termination Date:
	 	The earlier of (i) October 8, 2010, (x) not subject to
adjustment with respect to the Fixed Rate Payer payment
obligations and (y) subject to adjustment in accordance
with the Modified Following Business Day Convention
with respect to the Floating Rate Payer
payment obligations or (ii) the date on which the
Notional Amount

2

 

	 	 	 	 	 
	 

	 	 	 	is equal to zero, subject to adjustment in accordance the Following Business Day Convention.
	 
	 	 	 	 
	Fixed Amounts
	 
	 	 	 	 
	 

	 	Fixed Rate Payer:
	 	Party B.
	 
	 	 	 	 
	 

	 	Fixed Rate Payer	 	 
	 

	 	Payment Date:
	 	The 8th day of each
calendar month, commencing March 8, 2008, and ending on the Termination
Date, subject to adjustment in accordance with the Modified Following Business Day Convention.
	 
	 	 	 	 
	 

	 	Fixed Rate:
	 	 3.6175%.
	 
	 	 	 	 
	 

	 	Fixed Rate Day Count	 	 
	 

	 	Fraction:
	 	30/360
	 
	 	 	 	 
	 

	 	Fixed Rate Period	 	 
	 

	 	End Dates:
	 	No Adjustment.
	 
	 	 	 	 
	Floating Amounts
	 
	 	 	 	 
	 

	 	Floating Rate Payer:
	 	Party A.
	 
	 	 	 	 
	 

	 	Floating Rate Payer	 	 
	 

	 	Payment Dates:
	 	The 8th day of each calendar month, commencing March 8, 2008,
and ending on the Termination Date, subject to adjustment in
accordance with the Modified Following Business Day
Convention.
	 
	 	 	 	 
	 

	 	Floating Rate for the	 	 
	 

	 	initial Calculation	 	 
	 

	 	Period:
	 	(The Linear Interpolation of USD-LIBOR-BBA with a Designated
Maturity of 2 weeks and USD-LIBOR-BBA with a Designated
Maturity of 1 Month.) plus Floating Rate Spread
	 
	 	 	 	 
	 

	 	Floating Rate Option:
	 	USD-LIBOR-BBA.
	 
	 	 	 	 
	 

	 	Floating Rate Spread:
	 	Plus 0.85%
	 
	 	 	 	 
	 

	 	Designated Maturity:
	 	One month.
	 
	 	 	 	 
	 

	 	Floating Rate Day	 	 
	 

	 	Count Fraction:
	 	Actual/360.
	 
	 	 	 	 
	 

	 	Reset Dates:
	 	The first day of each Floating Rate Payer Calculation Period.

3

 

	 	 	 	 	 
	 

	 	Floating Rate Period

End Dates:
	 	Adjusted in accordance with
the Modified Following
Business Day Convention.
	 
	 	 	 	 
	 

	 	Business Days:
	 	New York

4

 

	 	 	 	 	 
	 

	 	3. Account Details	 	 
	 
	 	 	 	 
	 

	 	Payments to Party A:
	 	JP Morgan

New York, New York

ABA No.: 021000021

Account No.: 9301034733

Entity Name: Goldman Sachs Mitsui Marine Derivative

Products, L.P.
	 
	 	 	 	 
	 

	 	Payments to Party B:
	 	Deutsche Bank Trust Company Americas

ABA No.: 021001033

Account No.: 01419647

Account Name: Trust and Securities Services

Ref: DCAT 2008A Reserve Acct/Coll Acct
	 
	 	 	 	 
	 

	 	Party A Operations Contact:
	 	Goldman Sachs Capital Markets, L.P. 

85 Broad Street 

New York, New York 10004 

Attention:   Swap Administration 

Telephone: +1 (212) 902-1000

Telefax:      +1(212) 902-5692
	 
	 	 	 	 
	 

	 	Party B Operations Contact:
	 	Deutsche Bank National Trust Company

25 DeForest Avenue, 2nd Floor — MS SUM01-0105

Summit, NJ 07901

Attention Michelc H. Y. Voon

Telephone +1 (908) 608-3089

Fax +1 (212) 553-2461

5

 

     Please confirm that the foregoing correctly sets forth the terms of our agreement by executing
this Confirmation and returning it to us.

	 	 	 	 	 
	 	 	Best Regards,
	 
	 	 	 	 
	 	 	GOLDMAN SACHS MITSUI MARINE DERIVATIVE PRODUCTS, L.P.
	 
	 	 	 	 
	 	 	By: GSMMDPGP, INC.,
	 	 	its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Despina Karamoshos
	 

	 	 	 	 
	 

	 	 	 	Name: Despina Karamoshos
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	DAIMLERCHRYSLER AUTO TRUST 2008-A
	 
	 	 	 	 
	 	 	By: BNYM (DELAWARE)
	 	 	not in its individual capacity but solely as Owner Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kristine K. Gullo
	 

	 	 	 	 
	 

	 	 	 	Name: Kristine K. Gullo
	 

	 	 	 	Title: Vice President

GS/DCAT2008-A
SWAP 1 CONFIRMATION (A-2b)

6EX-10.5

 

Exhibit 10.5

Goldman
Sachs Mitsui Marine Derivative Products, L.P. | 85 Broad Street
| New York, New York
|0004 | Tel: 212-902-1000
 Swapconfirms 2008/Chrysler/
Chrysler DCAT 2008/ chrysler dcat 2008 a3b
notes swap| ltaa 1711020175

	 	 	 	 
	SWAP 1 CONFIRMATION (A-3b)

	 	Goldman

Sachs	 
	 	 	 	 

February 21,
2008

	 	 	 
	To:

	 	DaimlerChrysler Auto Trust 2008-A
	Contact:

	 	c/o BNYM (Delaware)
	 

	 	100 White Clay Center, Route 273
	 

	 	P.O. Box 6995
	 

	 	Newark, Delaware 19714
	 

	 	Attention: Corporate Trust Administration
	 

	 	Facsimile: +1 (302) 453-4400
	 
	 	 
	Copy:

	 	The Bank of New York
	 

	 	101 Barclay Street, 8W
	 

	 	New York, NY 10286
	 

	 	Attention: Asset Backed Securities Unit
	 

	 	email: jbobko@bankofny.com
	 
	 	 
	 

	 	and
	 
	 	 
	 

	 	DaimlerChrysler Financial Services Americas LLC
	 

	 	CIMS 405-25-10
	 

	 	27777 Inkster Road
	 

	 	Farmington Hills, MI 48335
	 

	 	Attention: Paul CoIenso
	 

	 	Facsimile: +1(248) 427-4267
	 
	 	 
	From:

	 	Goldman Sachs Mitsui Marine
Derivative Products, L.P.
	Contact:

	 	85 Broad Street
	 

	 	New York, New York 10004
	 

	 	Attention: Swap Administration
	 

	 	Facsimile: +1 (212) 902-1000

Re:
Interest Rate Swap – A-3b Notes, Reference No LTAA1711020175

Ladies and Gentlemen:

     The purpose of this letter agreement is to confirm the terms and conditions of the Swap
Transaction entered into between Goldman Sachs Mitsui Marine Derivative Products, L.P. (“Party A”)
and DaimlerChrysler Auto Trust 2008-A (“Party B”) on the Trade Date listed below (the
“Transaction”). This letter constitutes a “Confirmation” as referred to in the Agreement specified
below.

     The definitions and provisions contained in the 2006 ISDA Definitions (as published by the
International Swaps and Derivatives Association, Inc.) are incorporated into this Confirmation.
For these purposes, all references in those Definitions to a “Swap Transaction” shall be deemed to
apply to the Transaction referred to herein. In the event of any inconsistency between those
Definitions and this Confirmation, this Confirmation will govern.

 

 

     1. This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master
Agreement (Multicurrency-Cross Border), including the Schedule thereto, dated as of February
21, 2008, as amended and supplemented from time to time (the “Agreement”) between you and us.
All provisions contained in the Agreement govern this Confirmation except as expressly
modified below.

     2. The terms of the particular Transaction to which this Confirmation relates are as
follows:

	 	 	 
	Party A:

	 	Goldman Sachs Mitsui Marine
Derivative Products, L.P.
	 
	 	 
	Party B:

	 	DaimlerChrysler Auto Trust 2008-A
	 
	 	 
	Trade Date:

	 	February 13, 2008
	 
	 	 
	Effective Date:

	 	February 21, 2008
	 
	 	 
	Notional Amount:

	 	For the first Calculation Period, the Notional Amount of
this Transaction for purposes of calculating payments due
by either party on the first Payment Date will be
$190,000,000. With respect to any subsequent Calculation
Period up through and including the Calculation Period
ending on but excluding June 8, 2012, the Notional
Amount will be the Note Balance for the A-3b Notes,
after giving effect to all amounts distributed as of the
Payment Date that is the first day of such Calculation
Period, as stated on the Distribution Statement to
Noteholders relating to such Payment Date (the “Actual
Balance”). Party B shall determine the Actual Balance
and shall inform Party A of such determination on such
Payment Date. For the avoidance of doubt, after the first
Calculation Period, Party B shall notify Party A on each
Floating Rate Payer Payment Date of the Actual Balance,
determined in accordance with the foregoing sentence,
relating to the Notional Amount that relates to the next
Floating Rate Payer Payment Date.

	 
	 
	 	For the avoidance of doubt, the Notional Amount shall not
be reduced as a result of a liquidation of Collateral
following an “Event of Default” (as defined in the
Indenture).
	 
	Termination Date:

	 	The earlier of (i) June 8, 2012, (x) not subject to
adjustment with respect to the Fixed Rate Payer payment
obligations and (y) subject to adjustment in accordance
with the Modified Following Business Day Convention
with respect to the Floating Rate Payer payment
obligations or (ii) the date on which the Notional Amount
is equal to zero, subject to adjustment in accordance with
the Following Business Day Convention.

2

 

	 	 	 	 	 
	Fixed Amounts	 	 
	 
	 	 	 	 
	 

	 	Fixed Rate Payer:
	 	Party B.
	 
	 	 	 	 
	 

	 	Fixed Rate Payer Payment Date:
	 	The 8th day of each calendar
month, commencing March 8, 2008,
and ending on the Termination
Date, subject to adjustment in
accordance with the Modified
Following Business Day
Convention.
	 
	 	 	 	 
	 

	 	Fixed Rate:
	 	3.978%.
	 
	 	 	 	 
	 

	 	Fixed Rate Day Count Fraction:
	 	30/360
	 
	 	 	 	 
	 

	 	Fixed Rate Period End Dates:
	 	No Adjustment.
	 
	 	 	 	 
	Floating Amounts	 	 
	 
	 	 	 	 
	 

	 	Floating Rate Payer
	 	Party A.
	 
	 	 	 	 
	 

	 	Floating Rate Payer Payment Dates:
	 	The 8th day of each calendar
month, commencing March 8, 2008,
and ending on the Termination
Date, subject to adjustment in
accordance with the Modified
Following Business Day
Convention.
	 
	 	 	 	 
	 

	 	Floating Rate for the initial

Calculation Period:
	 	(The Linear Interpolation of
USD-LIBOR-BBA with a Designated
Maturity of 2 weeks and
USD-LIBOR-BBA with a Designated
Maturity of 1 Month.) plus
Floating Rate Spread
	 
	 	 	 	 
	 

	 	Floating Rate Option:
	 	USD-L1BOR-BBA.
	 
	 	 	 	 
	 

	 	Floating Rate Spread:
	 	Plus 1.05%
	 
	 	 	 	 
	 

	 	Designated Maturity:
	 	One month.
	 
	 	 	 	 
	 

	 	Floating Rate Day Count Fraction:
	 	Actual/360.
	 
	 	 	 	 
	 

	 	Reset Dates:
	 	The first day of each Floating
Rate Payer Calculation Period.
	 
	 	 	 	 
	 

	 	Floating Rate Period End Dates:
	 	Adjusted in accordance with the
Modified Following Business Day
Convention.
	 
	 	 	 	 
	 

	 	Business Days:
	 	New York

3

 

	 	 	 
	3. Account Details
	 	 
	 
	 	 
	Payments to Party A:

	 	JP Morgan
	 

	 	New York, New York
	 

	 	ABA No.: 021000021
	 

	 	Account No.: 9301034733
	 

	 	Entity Name: Goldman Sachs Mitsui Marine Derivative
	 

	 	Products, L.P.
	 
	 	 
	Payments to Party B:

	 	Deutsche Bank Trust Company Americas
	 

	 	ABA No.: 021001033
	 

	 	Account No.: 01419647
	 

	 	Account Name: Trust and Securities Services 

Ref: DCAT 2008A Reserve Acct/Coll Acct
	 
	 	 
	Party A Operations
Contact:

	 	Goldman Sachs Capital Markets,
L.P.
	 

	 	85 Broad Street
	 

	 	New York, New York 10004
	 

	 	Attention: Swap Administration
	 

	 	Telephone: +1 (212) 902-1000
	 

	 	Telefax:      +1 (212) 902-5692
	 
	 	 
	Party B Operations
Contact:

	 	Deutsche Bank National Trust Company
	 

	 	25 DeForest Avenue, 2nd
Floor - MS SUM01-0105
	 

	 	Summit, NJ 07901
	 

	 	Attention Michele H. Y. Voon
	 

	 	Telephone +1 (908) 608-3089
	 

	 	Fax +1 (212) 553-2461

4

 

     Please confirm that the foregoing correctly sets forth the terms of our agreement by executing
this Confirmation and returning it to us.

	 	 	 	 	 
	 

	 	 	 	 
	Best Regards,
	 
	 	 	 	 
	GOLDMAN SACHS MITSUI MARINE DERIVATIVE PRODUCTS, L.P.
	 
	 	 	 	 
	By:

	 	GSMMDPGP, INC.,
 its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Despina Karamoshos	 	 
	 

	 	 	 	 
	 

	 	Name: Despina Karamoshos	 	 
	 

	 	Title: Vice President	 	 
	 
	 	 	 	 
	DAIMLERCHRYSLER AUTO TRUST 2008-A
	 
	 	 	 	 
	By:

	 	BNYM (DELAWARE)
	 	 
	not in its individual capacity but solely as Owner Trustee
	 	 
	 
	By:

	 	/s/ Kristine K. Gullo	 	 
	 

	 	 	 	 
	 

	 	Name: Kristine K. Gullo	 	 
	 

	 	Title: Vice President	 	 

GS/DCAT
2008-A SWAP 1 CONFIRMATION (A-3b)

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