National Grid 2008 Annual Report Download - page 237

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 17416
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 31
Description: EXH 2(B).6.1
0/1635.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/635/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 17416
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 31 Description: EXH 2(B).6.1
0/1635.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/635/1*
where:
“Y1” is the year, expressed as a number, in which the first day of the Calculation Period falls;
“Y2” is the year, expressed as a number, in which the day immediately followin
g
the last day included in the
Calculation Period falls;
“M1” is the calendar month, expressed as a number, in which the first day of the Calculation Period falls;
“M2” is the calendar month, expressed as a number, in which the day immediately followin
g
the last day included
in the Calculation Period falls;
“D1” is the first calendar day, expressed as a number, of the Calculation Period, unless such number would be
31, in which case D1 will be 30; and
“D2” 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 D2 will be 30;
where:
“Y1” is the year, expressed as a number, in which the first day of the Calculation Period falls;
“Y2” is the year, expressed as a number, in which the day immediately followin
g
the last day included in the
Calculation Period falls;
“M1” is the calendar month, expressed as a number, in which the first day of the Calculation Period falls;
“M2” is the calendar month, expressed as a number, in which the day immediately followin
g
the last day included
in the Calculation Period falls;
“D1” 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 D1 will be 30; and
“D2” is the calendar day, expressed as a number, immediately followin
g
the last day included in the Calculation
Period, unless (i) that day is the last day of February but not the Maturity Date or (ii) such number would be 31, in
which case D
2
will be 30; and
31
(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
(g) if “Actual/Actual-ICMA” is specified in the relevant Final Terms:
(i) if the Calculation Period is equal to or shorter than the Determination Period durin
g
which it falls, the actual
number of days in the Calculation Period divided by the product of (x) the actual number of days in such
Determination Period and
(y)
the number of Determination Periods in an
y
y
ear; and
(ii) if the Calculation Period is longer than one Determination Period, the sum of: