Document:

Exhibit 4.6

 

CONFIRMATION

 

	
  Date:

  	
   

  	
  June 30, 2005

  
	
   

  	
   

  	
   

  
	
  To:

  	
   

  	
  GE Capital Credit Card Master Note Trust (“Party B”)

  
	
   

  	
   

  	
   

  
	
  From:

  	
   

  	
  ABN Amro Bank N.V. (“Party A”)

  
	
   

  	
   

  	
   

  
	
  Transaction Reference Number:

  	
   

  	
  853203

  

 

The purpose of
this letter agreement is to set forth the terms and conditions of the
Transaction entered into between us on the Trade Date referred to below.  This letter constitutes a “Confirmation” as
referred to in the Master Agreement specified below.

 

The
definitions and provisions contained in the 2000 ISDA Definitions (as published
by the International Swaps and Derivatives Association, Inc., as such
definitions are modified and amended by the Schedule to the Master
Agreement) (the “Definitions”) are
incorporated into this Confirmation.  In
the event of any inconsistency between those definitions and provisions and
this Confirmation, this Confirmation will govern.

 

This
Confirmation supplements, forms a part of, and is subject to, the ISDA Master
Agreement dated as of June 30, 2005, as amended or supplemented from time
to time (the “Master Agreement”)
between you and us.  All provisions
contained in the Master Agreement shall govern this Confirmation except as
expressly modified below.

 

The
capitalized terms used herein and not otherwise defined herein, in the Master
Agreement or in the Definitions shall have the meanings assigned to them in the
Master Indenture, dated as of September 25, 2003, between Party B, as
Issuer, and Deutsche Bank Trust Company Americas, as Indenture Trustee, as
supplemented by the Indenture Supplement, dated as of June 30, 2005,
between Party B, as Issuer, and the Indenture Trustee, both as amended or
supplemented from time to time (collectively, the “Indenture”).

 

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

 

	
  Type of Transaction:

  	
   

  	
  Class B Notes Interest Rate Swap

  
	
   

  	
   

  	
   

  
	
  Notional Amount:

  	
   

  	
  As of any date, USD82,500,000, minus the aggregate amount of
  principal payments made to the Class B Noteholders on or prior to such
  date.

  
	
   

  	
   

  	
   

  
	
  Trade Date:

  	
   

  	
  June 28, 2005

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  June 30, 2005

  
	
   

  	
   

  	
   

  
	
  Termination Date:

  	
   

  	
  The earlier of (i) the Payment Date in June 2013;
  (ii) the date on which the Notional Amount is reduced to zero and
  (iii) an Early Termination Date.

  

 

 

	
  Payment Date:

  	
   

  	
  August 15, 2005 and the 15th
  day of each calendar month thereafter, subject to the Business Day
  Convention.

  
	
   

  	
   

  	
   

  
	
  Calculation Period:

  	
   

  	
  Initially, the period from and including
  the Effective Date to but excluding, August 15, 2005, and for each
  period thereafter, from and including each Payment Date to but excluding the
  following Payment Date.

  
	
   

  	
   

  	
   

  
	
  Business Day Convention:

  	
   

  	
  Following

  
	
   

  	
   

  	
   

  
	
  Business Day:

  	
   

  	
  New York and London

  

 

Fixed Rate Amounts:

 

	
  Fixed Rate Payer:

  	
   

  	
  Party B

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Payment Date:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  Last day of each Calculation Period, with
  No Adjustment to Period End Date.

  
	
   

  	
   

  	
   

  
	
  Fixed Rate:

  	
   

  	
  4.09000% per annum

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Day

  	
   

  	
   

  
	
  Count Fraction:

  	
   

  	
  30/360

  

 

LIBOR Floating Rate Amounts:

 

	
  LIBOR Floating Rate Payer:

  	
   

  	
  Party A

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Payment Dates:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  The last day of each Calculation Period,
  with Business Day Convention applicable.

  
	
   

  	
   

  	
   

  
	
  Reset Date:

  	
   

  	
  The first day of each Calculation Period

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate:

  	
   

  	
  USD-LIBOR-BBA

  
	
   

  	
   

  	
   

  
	
  Initial LIBOR Setting:

  	
   

  	
  3.376%

  
	
   

  	
   

  	
   

  
	
  Designated Maturity:

  	
   

  	
  One month, except for the first Calculation
  Period, which shall be determined by Linear Interpolation.

  
	
   

  	
   

  	
   

  
	
  Spread:

  	
   

  	
  None

  

 

2

 

	
  LIBOR Floating Rate Day

  	
   

  	
   

  
	
  Count Fraction:

  	
   

  	
  Actual/360

  
	
   

  	
   

  	
   

  
	
  Compounding:

  	
   

  	
  N/A

  

 

	
  Calculation Agent:

  	
   

  	
  Party A

  
	
   

  	
   

  	
   

  
	
  Account Details

  	
   

  	
   

  

 

Payments to Party A:  To be
provided in written instructions.

 

Payments to Party B:  To be
provided in written instructions.

 

 

[Signature Page Follows]

 

3

 

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

 

 

	
   

  	
  ABN AMRO BANK N.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CLIFFORD BULLOCK

  	
   

  
	
   

  	
   

  	
  Name: Clifford Bullock

  
	
   

  	
   

  	
  Title: Authorised Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ CHRISTOPHER BROWN

  	
   

  
	
   

  	
   

  	
  Name: Christopher Brown

  
	
   

  	
   

  	
  Title: Authorised Signatory

  
					

 

S-1

 

Accepted and
confirmed as of

the date first above written:

 

 

	
  GE CAPITAL
  CREDIT CARD MASTER NOTE TRUST

  
	
  By: The Bank of New York (Delaware), not in its individual capacity, but
  solely as

  Trustee

  

 

	
  By:

  	
  /s/ KRISTINE K. GULLO

  	
   

  
	
   

  	
  Name: Kristine K. Gullo, Vice President

  

 

S-2Exhibit 4.7

 

CONFIRMATION

 

	
  Date:

  	
   

  	
  June 30, 2005

  
	
   

  	
   

  	
   

  
	
  To:

  	
   

  	
  GE Capital Credit Card Master Note Trust (“Party B”)

  
	
   

  	
   

  	
   

  
	
  From:

  	
   

  	
  ABN Amro Bank N.V. (“Party A”)

  
	
   

  	
   

  	
   

  
	
  Transaction Reference Number:

  	
   

  	
  853204

  

 

The purpose of
this letter agreement is to set forth the terms and conditions of the
Transaction entered into between us on the Trade Date referred to below.  This letter constitutes a “Confirmation” as
referred to in the Master Agreement specified below.

 

The
definitions and provisions contained in the 2000 ISDA Definitions (as published
by the International Swaps and Derivatives Association, Inc., as such
definitions are modified and amended by the Schedule to the Master
Agreement) (the “Definitions”) are
incorporated into this Confirmation.  In
the event of any inconsistency between those definitions and provisions and
this Confirmation, this Confirmation will govern.

 

This
Confirmation supplements, forms a part of, and is subject to, the ISDA Master
Agreement dated as of June 30, 2005, as amended or supplemented from time
to time (the “Master Agreement”)
between you and us.  All provisions
contained in the Master Agreement shall govern this Confirmation except as
expressly modified below.

 

The
capitalized terms used herein and not otherwise defined herein, in the Master
Agreement or in the Definitions shall have the meanings assigned to them in the
Master Indenture, dated as of September 25, 2003, between Party B, as
Issuer, and Deutsche Bank Trust Company Americas, as Indenture Trustee, as
supplemented by the Indenture Supplement, dated as of June 30, 2005,
between Party B, as Issuer, and the Indenture Trustee, both as amended or
supplemented from time to time (collectively, the “Indenture”).

 

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

 

	
  Type of Transaction:

  	
   

  	
  Class C Notes Interest Rate Swap

  
	
   

  	
   

  	
   

  
	
  Notional Amount:

  	
   

  	
  As of any date, USD39,375,000, minus the aggregate amount of
  principal payments made to the Class C Noteholders on or prior to such
  date.

  
	
   

  	
   

  	
   

  
	
  Trade Date:

  	
   

  	
  June 28, 2005

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  June 30, 2005

  
	
   

  	
   

  	
   

  
	
  Termination Date:

  	
   

  	
  The earlier of (i) the Payment Date in June 2013;
  (ii) the date on which the Notional Amount is reduced to zero and
  (iii) an Early Termination Date.

  

 

 

	
  Payment Date:

  	
   

  	
  August 15, 2005 and the 15th
  day of each calendar month thereafter, subject to the Business Day
  Convention.

  
	
   

  	
   

  	
   

  
	
  Calculation Period:

  	
   

  	
  Initially, the period from and including
  the Effective Date to but excluding, August 15, 2005, and for each
  period thereafter, from and including each Payment Date to but excluding the
  following Payment Date.

  
	
   

  	
   

  	
   

  
	
  Business Day Convention:

  	
   

  	
  Following

  
	
   

  	
   

  	
   

  
	
  Business Day:

  	
   

  	
  New York and London

  

 

Fixed Rate Amounts:

 

	
  Fixed Rate Payer:

  	
   

  	
  Party B

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Payment Date:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  Last day of each Calculation Period, with
  No Adjustment to Period End Date.

  
	
   

  	
   

  	
   

  
	
  Fixed Rate:

  	
   

  	
  4.09000% per annum

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Day

  	
   

  	
   

  
	
  Count Fraction:

  	
   

  	
  30/360

  

 

LIBOR Floating Rate Amounts:

 

	
  LIBOR Floating Rate Payer:

  	
   

  	
  Party A

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Payment Dates:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  The last day of each Calculation Period,
  with Business Day Convention applicable.

  
	
   

  	
   

  	
   

  
	
  Reset Date:

  	
   

  	
  The first day of each Calculation Period

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate:

  	
   

  	
  USD-LIBOR-BBA

  
	
   

  	
   

  	
   

  
	
  Initial LIBOR Setting:

  	
   

  	
  3.376%

  
	
   

  	
   

  	
   

  
	
  Designated Maturity:

  	
   

  	
  One month, except for the first Calculation
  Period, which shall be determined by Linear Interpolation.

  
	
   

  	
   

  	
   

  
	
  Spread:

  	
   

  	
  None

  

 

2

 

	
  LIBOR Floating Rate Day

  	
   

  	
   

  
	
  Count Fraction:

  	
   

  	
  Actual/360

  
	
   

  	
   

  	
   

  
	
  Compounding:

  	
   

  	
  N/A

  

 

	
  Calculation Agent:

  	
   

  	
    Party A

  
	
   

  	
   

  	
   

  
	
  Account Details

  	
   

  	
   

  

 

Payments to Party A:  To be
provided in written instructions.

 

Payments to Party B:  To be
provided in written instructions.

 

 

[Signature Page Follows]

 

3

 

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

 

 

	
   

  	
  ABN AMRO BANK N.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CLIFFORD BULLOCK

  	
   

  
	
   

  	
   

  	
  Name: Clifford Bullock

  
	
   

  	
   

  	
  Title: Authorised Signatory

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ CHRISTOPHER BROWN

  	
   

  
	
   

  	
   

  	
  Name: Christopher Brown

  
	
   

  	
   

  	
  Title: Authorised Signatory

  
					

 

S-1

 

Accepted and
confirmed as of

the date first above written:

 

 

	
  GE CAPITAL
  CREDIT CARD MASTER NOTE TRUST

  
	
  By: The Bank of New York (Delaware), not in its individual capacity, but
  solely as

  
	
  Trustee

  
	
   

  
	
  By:

  	
  /s/ KRISTINE K. GULLO

  	
   

  
	
   

  	
  Name: Kristine K. Gullo, Vice President

  

 

S-2

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