Telus 2008 Annual Report Download - page 46

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MATERIAL CONTRACTS
TCI is a party to an agreement with an arm’s-length securitization trust associated with a
major Schedule I bank, under which TCI is able to sell an interest in certain of its trade
receivables up to a maximum of $650 million. As a result of selling the interest in certain of
the trade receivables on a fully serviced basis, a servicing liability is recognized on the date
of sale and is, in turn, amortized to earnings over the expected life of the trade receivables.
A March 31, 2008 amendment resulted in the term being extended to July 17, 2009, for this
revolving-period securitization agreement.
TCI is required to maintain at least a BBB (low) credit rating by DBRS Ltd. or the
securitization trust may require the sale program to be wound down. The necessary credit
rating was exceeded by three levels at A (low) as of February 11, 2009.
TRANSFER AGENTS AND REGISTRARS
The Company’s transfer agent and registrar is Computershare Trust Company of
Canada. Computershare maintains the Company’s registers at 600, 530 - 8th Avenue
SW, Calgary, Alberta T2P 3S8.
ADDITIONAL INFORMATION
Additional information relating to TELUS may be found on SEDAR at sedar.com and
EDGAR at sec.gov. Additional information regarding directors’ and officers’
remuneration, indebtedness and options to purchase securities, is contained in the
TELUS information circular dated March 13, 2009 for the annual general meeting to be
held on May 7, 2009. Additional financial information, including supplementary quarterly
financial data and the audited consolidated financial statements of TELUS for the year
ended December 31, 2008, is set out in the 2008 Annual Report – Financial Review. All
of the above information can also be found at telus.com.
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