National Grid 2008 Annual Report Download - page 131

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 41559
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 35
Description: EXH 2(B).5.1
0/1514.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/514/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 41559
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 35 Description: EXH 2(B).5.1
0/1514.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/514/1*
where:
“Y
1
” is the year, expressed as a number, in which the first day of the Calculation Period falls;
“Y
2
” is the year, expressed as a number, in which the day immediately followin
g
the last day included in the
Calculation Period falls;
“M
1
” is the calendar month, expressed as a number, in which the first day of the Calculation Period falls;
“M
2
” is the calendar month, expressed as a number, in which the day immediately followin
g
the last day
included in the Calculation Period falls;
“D
1
” is the first calendar day, expressed as a number, of the Calculation Period, unless such number would
be 31, in which case D
1
will be 30; and
“D
2
” is the calendar day, expressed as a number, immediately followin
g
the last day included in the
Calculation Period, unless such number would be 31, in which case D
2
will be 30;
where:
“Y
1
” is the year, expressed as a number, in which the first day of the Calculation Period falls;
“Y
2
” is the year, expressed as a number, in which the day immediately followin
g
the last day included in the
Calculation Period falls;
“M
1
” is the calendar month, expressed as a number, in which the first day of the Calculation Period falls;
“M
2
” is the calendar month, expressed as a number, in which the day immediately followin
g
the last day
included in the Calculation Period falls;
“D
1
” is the first calendar day, expressed as a number, of the Calculation Period, unless (i) that day is the last
day of February or (ii) such number would be 31, in which case D
1
will be 30; and
35
(e) “if “30E/360” or “Eurobond Basis” is specified in the relevant Final Terms, the number of days in the
Calculation Period divided by 360 calculated on a formula basis as follows:
Day Count Fraction = [360 x (Y
2
-Y
1
)] + [30 x (M
2
-M
1
)]+ (D
2
-D
1
)
360
(f) “if “30E/360 (ISDA)” is specified in the relevant Final Terms, the number of days in the Calculation Period
divided by 360, calculated on a formula basis as follows:
Day Count Fraction = [360 x (Y
2
-Y
1
)] + [30 x (M
2
-M
1
)]+ (D
2
-D
1
)
360