SECURITIES LENDING & REPO MARKETS

21. Third Party Rights

No person shall have any right to enforce any provision of this Agreement under the Contracts (Rights of Third Parties) Act 1999.

[Name of Party]

[Name of Party]

By

By

Title

Title

Date

Date

page 89 | Global master repurchase agreement - October 2000

| Securities Lending & Repo markets | Appendix