COLLATERAL LEASING by Way of the Transfer of "Aaa" Rated MTNs.

C O L L A T E R A L L E A S I N G BY TRANSFER OF AN MTN FULLY COLLATERALISED BY US. TREASURIES ("Aaa" RATED) THIS FACILITY IS NOW EXHAUSTED BUT IS EXPECTED TO BE REVITALIZED BY SEPTEMBER 2010 The collateral will comprise one or more Medium Term Notes (MTNs) issued by a financial institution (net assets in excess of US$9,000 million). The MTN collateral CUSIP and ISIN data is readily available. Terms and conditions apply depending up the nature of the applicant, the leasing period and the amount involved.
Outline Terms and Conditions:
Capital Sum Available:	Minimum leased value: $50 million. Residual facility as at Jan 1st, 2010: $720 million.
Maximum Leasing:	Dependent upon the Lessee's intended use of the MTN. and net asset position.
Currency:	United States Dollars only.
Leasing Period:	Up to 3 years.
Leasing Cost:	From 7% per annum.
Instalment Fees:	At least 7% to be escrowed in London prior to issue of the MTN., balance payable within 60 days.
Introducer Commissions:	To be agreed.