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Gsco-Notice-On-Interest-And-Funding-Policy-Updates.Pdf Dear Listed Derivatives Customer, We are writing to inform you of certain changes with respect to your Listed Derivatives accounts at Goldman Sachs. We are making the following changes to align our interest policies with those of the clearinghouses where we act as an agent on your behalf. Applicable changes will be reflected in the next interest posting date in early July. We are decommissioning LDR as an interest benchmark and replacing it with more widely available benchmarks on select currencies. Please see Attachment A for a listing of the benchmarks we will be utilizing. Certain clearinghouses levy a custodial fee on securities posted to cover initial margin. Please see Attachment B (CCP Custody Fee) for applicable clearinghouses and their respective fees which will be passed through to your account. Note, we will optimize the allocation for those clients posting both cash and securities. LCH interest charges are passed through to clearing members by way of their LDR benchmark (see link: http://www.lchclearnet.com/fees/ltd/custody_services.asp). These costs vary by currency and are reflected in Attachment B (CCP Interest Alignment) as a 25bps surcharge to any LCH initial margin cash balances. Attachment A Attachment B We value and appreciate your continued business. As always, if you have any questions regarding this notice please contact your representative. Kind regards, Goldman Sachs Listed Derivatives Note: For retirement plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), this information and the attachments are provided pursuant to the disclosure requirements under Section 408(b)(2) of ERISA and supplements the document titled “Service Provider Disclosure for Goldman, Sachs & Co. Relating to Institutional Brokerage Services” (available at http://www.goldmansachs.com/disclaimer/GSCOERISADisclosures.html). INTEREST SCHEUDULE Attachment A - Decommissioning LDR Benchmarks Replacing LDR for Select Currencies Credit / Debit Currency Benchmark Benchmark Maturity Reuters Page Canadian Dollar CAONREPO Overnight rate CORRA= British Pound Libor Overnight rate / Overnight rate GBPONFSR= Euro Libor Overnight rate / Overnight rate EUROONFSR= Swiss Franc Libor Overnight rate / 3-month CHF3MFSR= Swedish Krona STIB1D Overnight rate / Overnight rate STISEKTNDFI= Danish Krone DETNT/N Overnight rate / Tom-Next DKKAMTNC= Spot Next Norwegian Krone Overnight rate / Spot-next rate NOSNAD= Deposit Australian Dollar RBACOR Overnight rate AUCBIR=ECI Japanese Yen SN Libor Spot-next rate JPYSNFSR= Page 1 of 1 INTEREST SCHEUDULE Attachment B - Futures Funding Policy Initial Margin Based Fees Fee Component (bps) Total Charge (bps) Exchange Exchange Code CCP Interest CCP Custody Balance Sheet Guaranty Fund Cash Securities Alignment Fee Euronext: LIFFE Financial LIFE - ICE EU 0 5 0 0 0 5 Futures Euronext: LIFFE Equity Options LIFO - ICE EU 0 5 0 0 0 5 Marché à Terme International MAT - LCH 25 10 0 0 25 10 de France (Matif) LCE LCE - ICE EU 0 5 0 0 0 5 EDX London EDX - LCH 25 10 0 0 25 10 LCH ENCLEAR ENCL - LCH 25 10 0 0 25 10 EURONEXT ENXT - LCH 25 10 0 0 25 10 London Metal Exchange LME - LCH 25 10 0 0 25 10 Nodal Exchange NEX - LCH 25 10 0 0 25 10 International Petroleum ICE - ICE EU 0 5 0 0 0 5 Exchange Australian Stock Exchange ASX - ASX Clear 0 65 0 0 0 65 EUREX EURX - Eurex 0 5 0 0 0 5 Hong Kong Futures Exchange HKF - HKCC 0 50 0 0 0 50 Italian Derivatives Exchange IDEM - CC&G 0 22 0 0 0 22 Market Mercado Español de Futuros MEFV - MEFF 0 15 0 0 0 15 Financieros SFE - ASX Clear Sydney Futures Exchange 0 65 0 0 0 65 (Futures) New Zealand Futures and NZF - ASX Clear 0 65 0 0 0 65 Options Exchange (Futures) Singapore Exchange SMX - SGX-DC 0 4 0 0 0 4 Notes: CCP Interest Alignment = Bps charged per annum (accured daily posted monthly) for cash posted to meet initial margin on select exchanges. CCP Custody Fee = Bps charged per annum (accured daily posted monthly) for securities used to meet initial margin on select exchanges charging a custody fee. Balance Sheet = Bps charged per annum (accured daily posted monthly) assessed on all cash balances posted to cover initial margin Guaranty Fund = Bps charged per annum (accured daily posted monthly) assessed on all initial margin (cash & securities) to cover default fund assessments The information contained in this document is confidential and is intended solely for your internal use. This schedule applies to your Listed Derivative account at Goldman, Sachs & Co.. This schedule may be changed by Goldman Sachs, in its sole discretion, at any time. This letter supersedes any prior oral or written communication with respect to interest rates applicable to your account. For information about benchmark rates, please contact your Goldman Sachs representative. Page 1 of 1.
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