Date: [] CONFIRMATION – CURRENCY SWAP – SERIES [] WST TRUST The purpose of this letter is to confirm the terms and conditions of the transaction entered into between us on the terms specified below (the "Transaction"). This letter constitutes a...

 
Exhibit
10.6
 
                To:

                [*]

                [*]

                as trustee of the Series
      [*] WST
      Trust

                [*]

                Attention: [*]

                Attention:
      [*]

Date:
[*]
 
CONFIRMATION –
CURRENCY SWAP – SERIES [*] WST
TRUST
 
The
purpose of this letter is to confirm the terms and conditions of the transaction
entered into between us on the terms specified below (the "Transaction").
This letter constitutes a "Confirmation"
as referred to in the Master Agreement specified below.
 
This
Confirmation is entered into by [*] ABN [*] as trustee of the Series [*] WST
Trust (the "Trust").
 
This
Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master
Agreement dated as of [*], with a schedule headed “Westpac Cross Currency Swap”,
as amended, novated or supplemented from time to time (the "Agreement"),
between [*] ABN [*]
("Party
A") and [*] as trustee of the Trust ("Party
B").
 
All
provisions contained in the Agreement govern this Confirmation except as
expressly modified below. All other terms used and not defined in this
Confirmation have the meaning given in the Master Trust Deed (“Trust Deed”)
between Westpac Securities Administration Limited and The Mortgage Company Pty
Limited and the SERIES [*] WST Trust Series Notice (the “Series
Notice”) between Party A, Party B, Westpac Securitisation Management Pty
Limited and others.
 
The terms
of the particular Transaction to which this Confirmation relates are specified
below:
 
                          1.

                          Our
      Reference:

                          2.

                          Trade
      Date:

                          [*]

                          3.

                          Effective
      Date:

                          [*]

                          4.

                          Termination
      Date:

                          The earlier
      of:

                          (a)     
      the
      date on which the Class [*] Notes are redeemed in full in accordance with
      the Series Notice; and

                          (b)      
      Maturity
      Date,
                        
                          subject
      in each case to adjustment in accordance with the Applicable Business Day
      Convention

                          5.

                          Maturity
      Date

                          Payment
      Date falling in [*]

                          6.

                          Floating Amounts Payable by Party
      A

                          US$ Floating Rate
      Payer:

                          Party
      A

                          Calculation
      Amount:

                          The aggregate Invested Amount of
      the [*] Notes as at
      the first day of each Calculation
      Period.

                          Payment
      Dates:

                          Each [*], [*], [*] and [*] from and
      including [*] to and
      including the Termination Date, subject to adjustment in accordance with
      the Applicable Business Day
      Convention

1

                  Floating Rate
      Option:

                  USD-LIBOR-BBA

                  Designated
      Maturity:

                  Three months (except that Linear
      Interpolation will apply in respect of the first Calculation
      Period)

                  Spread:

                  [*]

                  Floating Rate Day Count
      Fraction:

                  Actual/360

                  Applicable Business Day
      Convention

                  - Period End
      Dates

                  Modified Following Business Day
      Convention

                  - Payment
      Date

                  Modified Following Business Day
      Convention

                  - Termination
      Date

                  Modified Following Business Day
      Convention

                  Business
      Days

                  [Sydney, London, New
      York]

                  Reset
      Dates:

                  The first day of each Calculation
      Period

                  Compounding:

                  Inapplicable

                  7.

                  Floating Amounts Payable by Party
      B

                  A$ Floating Rate
      Payer:

                  Party
      B

                  Calculation
      Amount:

                  The A$ Equivalent of the
      Calculation Amount applicable to Party
      A.

                  Payment
      Dates:

                  Each [*], [*], [*] and [*], from and including [*]
      to and  including
      the Termination Date, subject to adjustment in accordance with the
      Applicable Business Day
      Convention

                  Floating Rate
      Option:

                  [Bank Bill
      Rate]

                  Spread:

                  [*]

                  Floating Rate Day Count
      Fraction:

                  Actual/365
      (fixed)

                  Applicable Business Day
      Convention

                  - Period End
      Dates

                  Modified Following Business Day
      Convention

                  - Payment
      Date

                  Modified Following Business Day
      Convention

                  - Termination
      Date

                  Modified Following Business Day
      Convention

                  Business
      Days

                  [Sydney, London, New
      York]

                  Reset
      Dates:

                  The first day of each Calculation
      Period

                  Compounding:

                  Inapplicable

                  Floating
      payment reductions:

                  Party
      B's obligation to make payments under this Transaction will be limited to
      the extent it has funds available to make such payment as determined in
      accordance with the Series Notice.  To the extent that, as a
      result of having insufficient funds available, Party B makes only a
      partial payment of any amount due to Party A, then Party A will reduce its
      corresponding payment obligation to Party B by the same percentage
      reduction, but otherwise will not be discharged from its obligations under
      this Transaction.

2

                Withholding
      tax:

                To
      the extent that Party B is obliged to deduct or withhold any Tax from a
      Floating Amount payable by it under this Transaction, Party A will reduce
      its corresponding payment to Party B by the US$ Equivalent of the amount
      deducted or withheld by Party B, but otherwise will not be discharged from
      its obligations under this Transaction.

                8.

                Exchanges

                Initial
      Exchange:

                Initial Exchange
      Date:

                Effective
      Date

                Party A Initial Exchange
      Amount:

                The A$ Equivalent of the Party B
      Initial Exchange Amount, being A$[*].

                Party B Initial Exchange
      Amount:

                The total of the Initial Invested
      Amounts of the Class [*] Notes on the Note Issue Date,
      being US$[*].

                Notwithstanding anything to the
      contrary in the Agreement, Party A must pay to Party B the Party A Initial
      Exchange Amount to Party B by 11.00am (Sydney time) on the Initial
      Exchange Date and Party B must pay to Party A the Party B Initial Exchange
      Amount (or procure the payment to Party A of the Party B Initial Exchange
      Amount) by 9.00am (New York time) on the Initial Exchange
      Date.

                Periodic
      Exchange:

                Periodic Exchange
      Date:

                Each Payment Date (other than the
      Final Exchange Date)

                Party A Periodic Exchange
      Amount:

                An amount equal to the US$
      Equivalent of the Party B Periodic Exchange Amount actually paid by Party
      B to Party A on a Periodic Exchange
      Date.

                Party B Periodic Exchange
      Amount:

                In respect of a Periodic Exchange
      Date means the A$ amount due to Party A pursuant to clause [5.10(a)(v),]
      5.11(a)(ii)(B), 5.14(a)(ii)(A) or
      5.15(a)(vi)(A).

                Final
      Exchange:

                Final Exchange
      Date:

                Termination
      Date

                Party A Final Exchange
      Amount:

                An amount equal to the US$
      Equivalent of the Party B Final Exchange Amount actually paid by Party B
      to Party
A.

3

                Party B Final Exchange
      Amount:

                The A$ amount due to Party A
      pursuant to clause [5.10(a)(v),] 5.11(a)(ii)(B), 5.14(a)(ii)(A) or
      5.15(a)(vi)(A) or as the case may be paid by Party B on the Final Exchange
      Date

                9.

                Exchange
      Rates:

                For the purpose of
      the definitions of "A$
      Equivalent" and "US$
      Equivalent":

                US$ Exchange
      Rate:

                US$1.00 =
      A$[*]

                A$ Exchange
      Rate:

                A$1.00 =
      US$[*]

                10.

                Account
      Details:

                Payments to Party
      A

                Account for payments in
      US$:

                The account notified in writing
      by Party A to Party B in accordance with Section 2(f) of the
      Agreement.

                Account for payments in
      A$:

                The account notified in writing
      by Party A to Party B in accordance with Section 2(f) of the
      Agreement

                Payments to Party
      B

                Account for payments in
      US$:

                The account notified in writing
      by the Principal Paying Agent to Party A in accordance with Section 2(f)
      of the Agreement

                Account for payments in
      A$:

                The account notified in writing
      by the Principal Paying Agent to Party A in accordance with Section 2(f)
      of the Agreement

                11.

                Offices:

                The Office of Party A for this
      Transaction is [*].

                The Office of Party B for this
      Transaction is [*].

Please
confirm that the above correctly sets out the terms of our agreement in respect
of each Transaction to which this Confirmation relates by signing and returning
this Confirmation to us today.
 
                  Yours
      sincerely

                  SIGNED for and on behalf
      of

                  [*]

                  By:

                  Name:

                  Title:

4

                Confirmed
      as at the date first written

                above:

                SIGNED for and on behalf
      of

                [*]
      ABN [*]

                as trustee of the SERIES
      [*] WST
      TRUST

                By:

                (Authorised
      Officer)

                Name:

                Title:

5

Date: [] CONFIRMATION – CURRENCY SWAP – SERIES [] WST TRUST The purpose of this letter is to confirm the terms and conditions of the transaction entered into between us on the terms specified below (the "Transaction"). This letter constitutes a...

Document Metadata

Document Metadata

Table of Contents

To:	[*]	[*]
	as trustee of the Series [*] WST Trust
	[*]	Attention: [*]

	Attention: [*]

1.	Our Reference:

2.	Trade Date:	[*]

3.	Effective Date:	[*]

4.	Termination Date:	The earlier of:

		(a) the date on which the Class [*] Notes are redeemed in full in accordance with the Series Notice; and

		(b) Maturity Date,

		subject in each case to adjustment in accordance with the Applicable Business Day Convention

5.	Maturity Date	Payment Date falling in [*]

6.	Floating Amounts Payable by Party A

	US$ Floating Rate Payer:	Party A

	Calculation Amount:	The aggregate Invested Amount of the [*] Notes as at the first day of each Calculation Period.

	Payment Dates:	Each [], [], [] and [] from and including [*] to and including the Termination Date, subject to adjustment in accordance with the Applicable Business Day Convention

	Floating Rate Option:	USD-LIBOR-BBA

	Designated Maturity:	Three months (except that Linear Interpolation will apply in respect of the first Calculation Period)

	Spread:	[*]

	Floating Rate Day Count Fraction:	Actual/360

	Applicable Business Day Convention

	- Period End Dates	Modified Following Business Day Convention

	- Payment Date	Modified Following Business Day Convention

	- Termination Date	Modified Following Business Day Convention

	Business Days	[Sydney, London, New York]

	Reset Dates:	The first day of each Calculation Period

	Compounding:	Inapplicable

7.	Floating Amounts Payable by Party B

	A$ Floating Rate Payer:	Party B

	Calculation Amount:	The A$ Equivalent of the Calculation Amount applicable to Party A.

	Payment Dates:	Each [], [], [] and [], from and including [*] to and including the Termination Date, subject to adjustment in accordance with the Applicable Business Day Convention

	Floating Rate Option:	[Bank Bill Rate]

	Spread:	[*]

	Floating Rate Day Count Fraction:	Actual/365 (fixed)

	Applicable Business Day Convention

	- Period End Dates	Modified Following Business Day Convention

	- Payment Date	Modified Following Business Day Convention

	- Termination Date	Modified Following Business Day Convention

	Business Days	[Sydney, London, New York]

	Reset Dates:	The first day of each Calculation Period

	Compounding:	Inapplicable

	Floating payment reductions:	Party B's obligation to make payments under this Transaction will be limited to the extent it has funds available to make such payment as determined in accordance with the Series Notice. To the extent that, as a result of having insufficient funds available, Party B makes only a partial payment of any amount due to Party A, then Party A will reduce its corresponding payment obligation to Party B by the same percentage reduction, but otherwise will not be discharged from its obligations under this Transaction.

	Withholding tax:	To the extent that Party B is obliged to deduct or withhold any Tax from a Floating Amount payable by it under this Transaction, Party A will reduce its corresponding payment to Party B by the US$ Equivalent of the amount deducted or withheld by Party B, but otherwise will not be discharged from its obligations under this Transaction.

8.	Exchanges

	Initial Exchange:

	Initial Exchange Date:	Effective Date

	Party A Initial Exchange Amount:	The A$ Equivalent of the Party B Initial Exchange Amount, being A$[*].

	Party B Initial Exchange Amount:	The total of the Initial Invested Amounts of the Class [] Notes on the Note Issue Date, being US$[].

		Notwithstanding anything to the contrary in the Agreement, Party A must pay to Party B the Party A Initial Exchange Amount to Party B by 11.00am (Sydney time) on the Initial Exchange Date and Party B must pay to Party A the Party B Initial Exchange Amount (or procure the payment to Party A of the Party B Initial Exchange Amount) by 9.00am (New York time) on the Initial Exchange Date.

	Periodic Exchange:

	Periodic Exchange Date:	Each Payment Date (other than the Final Exchange Date)

	Party A Periodic Exchange Amount:	An amount equal to the US$ Equivalent of the Party B Periodic Exchange Amount actually paid by Party B to Party A on a Periodic Exchange Date.

	Party B Periodic Exchange Amount:	In respect of a Periodic Exchange Date means the A$ amount due to Party A pursuant to clause [5.10(a)(v),] 5.11(a)(ii)(B), 5.14(a)(ii)(A) or 5.15(a)(vi)(A).

	Final Exchange:

	Final Exchange Date:	Termination Date

	Party A Final Exchange Amount:	An amount equal to the US$ Equivalent of the Party B Final Exchange Amount actually paid by Party B to Party A.

	Party B Final Exchange Amount:	The A$ amount due to Party A pursuant to clause [5.10(a)(v),] 5.11(a)(ii)(B), 5.14(a)(ii)(A) or 5.15(a)(vi)(A) or as the case may be paid by Party B on the Final Exchange Date

9.	Exchange Rates:
	For the purpose of the definitions of "A$ Equivalent" and "US$ Equivalent":

	US$ Exchange Rate:	US$1.00 = A$[*]

	A$ Exchange Rate:	A$1.00 = US$[*]

10.	Account Details:

	Payments to Party A

	Account for payments in US$:	The account notified in writing by Party A to Party B in accordance with Section 2(f) of the Agreement.

	Account for payments in A$:	The account notified in writing by Party A to Party B in accordance with Section 2(f) of the Agreement

	Payments to Party B

	Account for payments in US$:	The account notified in writing by the Principal Paying Agent to Party A in accordance with Section 2(f) of the Agreement

	Account for payments in A$:	The account notified in writing by the Principal Paying Agent to Party A in accordance with Section 2(f) of the Agreement

11.	Offices:	The Office of Party A for this Transaction is [*].

		The Office of Party B for this Transaction is [*].

Confirmed as at the date first written
above:

SIGNED for and on behalf of
[] ABN []
as trustee of the SERIES [*] WST TRUST

By:
(Authorised Officer)

Name:

Title:

Date: [*] CONFIRMATION – CURRENCY SWAP – SERIES [*] WST TRUST The purpose of this letter is to confirm the terms and conditions of the transaction entered into between us on the terms specified below (the "Transaction"). This letter constitutes a...

Document Metadata

Date: [] CONFIRMATION – CURRENCY SWAP – SERIES [] WST TRUST The purpose of this letter is to confirm the terms and conditions of the transaction entered into between us on the terms specified below (the "Transaction"). This letter constitutes a...