19.05.

04

Term Sheet Accrual Swap

Start Date Spot, Forward Start or Forward Start with a fixed payment period
at the beginning

Maturity 3 Months up to 15 Years

Currency Euro, USD, GBP

Notional 1.000.000,00 and more

Counterpart A pays

Coupon Floating or Fixed Rate

Spread (in Floating case) ± X bp

Reference (in Floating case) Euribor or Libor

Day count Act/Act, Act/360, E30/360, 30/360 etc.

Adjusted or unadjusted, following or modified following

Roll over 1 Month up to 12 Months

Counterpart B pays see Bond Cash Flows below

Swap counterparts BGB, LBB or other counterparts

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Term Sheet Accrual Note / SSD

Start Date see Accrual Swap

Maturity see Accrual Swap

Currency see Accrual Swap

Notional see Accrual Swap

Coupon (fixed version) (X% * N), Minimum coupon At % (At ≥ 0,00%)

act/act, unadjusted, following
or

Coupon (floating version) N * (BasisRate + Yt%), Minimum coupon At % (At ≥ 0,00%)

Definition of N N equals the number of days on which the reference rate equals
or is higher than Dt% and equals or is below Ut%, divided by the
total number of days within the interest period. At, Yt%, Dt% and
Ut% can change (go up and / or go down) during tenor.

Interest Interest is calculated only for those days within the interest period
in which the reference rate is within the rate band mentioned
above
For each day, that is a non-Target-business day, the reference
rate shall be the same rate as of the preceding Target-business
day.
Interest is paid on the first Target-business day following the end
of the interest period on a non-compounding basis.
The minimum coupon for each interest period is At% (can go up
and / or go down during tenor)

Day count Act/Act, Act/360, E30/360, 30/360 etc.

Adjusted or unadjusted, following or modified following

Interest period begins on coupon date (included) and ends on the following cou-
pon date (excluded)

Coupon Roll over 1 Months up to 12 Months

Determination of BasisRate 1 Month up to 12 Months Euribor or Libor in Euro, USD, GBP

or 1 Year to 10 Year Swaprate (CMS) in Euro, USD, GBP
Determination of reference rate 1 Month up to 12 Months Euribor or Libor in Euro, USD, GBP
or 1 Year to 10 Year Swaprate (CMS) in Euro, USD, GBP

Determination Date of reference two TARGET-business days prior to each day within the cur-
rate rent interest period

Interest Calculation Bankgesellschaft Berlin AG

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Agent

Arranger Bankgesellschaft Berlin AG

Issuer of Bond / SSD Landesbank Berlin (Berlin or London Branch) or other issuers

The NPC-approval should be applied for Bankgesellschaft Berlin, Zins- / Kreditprodukte, Structured
Products Group (London) first, in order to trade these swaps with external counterparts. In a sec-
ond NPC-approval theses structures should be applied for Landesbank Berlin, Berlin and Landes-
bank Berlin London Branch in order to issue theses structures as bonds or loans and to close ac-
crual swaps with external counterparts via Landesbank Berlin, Berlin.

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