CREDIT SUISSE INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.credit-suisse.com
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.csfb.com
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.csfb.com
Facsimile Cover Sheet
To:
U.S. Bank
National
Association,
not in its
individual
capacity but solely
as Trustee on behalf of Adjustable Rate Mortgage Trust 2006-1 under
the Pooling and Servicing Agreement
Attention:
Heakyung Chung, CSIN Marketer
Fax number:
To be hand delivered by Heakyung Chung
Date:
28 February 2006
Pages (including cover page):
8
Our Reference No: External ID: 53106414N3 / Risk ID: 447406255
Credit
Suisse
International
has
entered
into a
transaction
with
you as
attached.
Please
find
attached
a
letter
agreement
(the
"Confirmation")
which confirms the terms and conditions of the above transaction.
If you
agree
with
the
terms
specified
therein,
please
arrange
for the
Confirmation to be signed by your
authorised
signatories and return a signed
copy to this office to the facsimile listed below.
For Interest Rate Products:
For Equity Derivatives:
Telephone Numbers: (212) 538-9370
Telephone numbers: (212) 538-4437 /
Facsimile number: (917) 326-8603
(212) 538-8297 / (212) 325-5119
Email:
Facsimile number: (212) 325-8173
list.otc-inc-accept-ny@credit-suisse.com
For Credit Derivatives:
Telephone Numbers: (212) 538-9370
Facsimile number: (917) 326-8603
Email:
list.otc-inc-accept-ny@credit-suisse.com
We are delighted to have entered into this transaction with you.
CONFIDENTIALITY
NOTICE:
This
facsimile is intended
only for the use of the
individual
or entity to which it is
addressed
and may
contain
information
which is
privileged
and
confidential.
If the reader of this message is not
the intended
recipient or an employee or agent responsible for delivering the
message
to
the
intended
recipient,
you
are
hereby
notified
that
any
dissemination,
distribution
or copying
of this
communication
is
strictly
prohibited.
If you have received this
communication in error,
please notify
us
immediately
by telephone
and return the original
message to us by mail.
Thank you.
Registered Office as above
Registered with unlimited liability in England under No. 2500199
Authorised and Regulated by the Financial Services Authority
VAT No: GB 447 0737 41
CREDIT SUISSE INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.credit-suisse.com
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.csfb.com
CREDIT SUISSE FIRST BOSTON INTERNATIONAL
One Cabot Square,
Telephone 020 7888 8888
London E14 4QJ
www.csfb.com
28 February 2006
U.S. Bank National Association
Attention:
ARMT 2006-1
60 Livingston Avenue
EP-MN-WS3D
St. Paul, MN
55107
With a copy to:
Wells Fargo Bank, NA
9062 Old Annapolis Road
Columbia, Maryland
21045
Attn:
Diane TenHoopen
Fax:
410-715-2380
External ID: 53106414N3
______________________________________________________________________________
Dear Sirs,
The purpose of this letter agreement (this
"Confirmation")
is to confirm the
terms and
conditions of the Swap
Transaction
entered into between us on the
Trade
Date
specified
below
(the
"Swap
Transaction").
This
Confirmation
constitutes a "Confirmation" as referred to in the Agreement
specified below.
In
this
Confirmation
"CSIN"
means
Credit
Suisse
International
and
"Counterparty"
means U.S. Bank National
Association,
not in its
individual
capacity but solely as Trustee on behalf of
Adjustable
Rate
Mortgage
Trust
2006-1 under the Pooling and Servicing Agreement.
1.
The
definitions and provisions
contained in the 2000 ISDA
Definitions
(as published by the
International
Swaps and Derivatives
Association,
Inc.)
are
incorporated
into
this
Confirmation.
In the event of any
inconsistency
between
those
definitions
and
provisions
and
this
Confirmation,
this
Confirmation
will govern.
References
herein to a
"transaction"
shall be deemed to be references to a "Swap
Transaction"
for the purposes of the 2000 ISDA Definitions.
This
Confirmation
supplements,
forms part of, and is subject
to, the
Interest Rate and Currency
Exchange
Agreement
dated as of 28 February
2006 as amended and
supplemented
from time to time (the
"Agreement"),
between you and us. All
provisions
contained in the
Agreement
govern
this Confirmation except as expressly modified below.
CSIN and
Counterparty
each represents to the other that it has entered
into this
Swap
Transaction
in
reliance
upon
such tax,
accounting,
regulatory,
legal,
and financial
advice as it deems necessary and not
upon any view expressed by the other.
2.
The terms of the particular Swap Transaction to which this
Confirmation
relates are as follows:
Transaction Type:
Rate Cap Transaction
Notional Amount:
USD 279,471,000
subject to amortization
as set out in the Additional Terms
Trade Date:
14 February 2006
Effective Date:
28 February 2006
Termination Date:
25 December 2010,
subject to adjustment
in
accordance
with
the
Modified
Following Business Day Convention
Fixed Amounts:
Fixed Rate Payer:
Counterparty
Fixed Rate Payer
Payment Date:
28 February 2006,
subject to adjustment
in
accordance
with
the
Following
Business Day Convention
Fixed Amount:
USD 335,000
Floating Amounts:
Floating Amount Payer:
CSIN
Floating Rate
Period End Dates:
The 25th of each
month,
commencing
on
25
March
2006,
and
ending
on
the
Termination Date, inclusive,
subject to
adjustment
in
accordance
with
the
Following Business Day Convention.
Floating Rate
Payment Dates:
One Business Day prior to each
Floating
Rate Period End Date
Cap Rate:
See Additional Terms
Floating Rate Option:
USD-LIBOR-BBA,
subject
to
a
maximum
rate
Maximum Floating Rate:
See Additional Terms
Designated Maturity:
1 month
Spread:
None
Floating Rate
Day Count Fraction:
Actual/360
Reset Dates:
The
25th
day
of
each
Calculation
Period,
commencing on 28 February 2006,
and ending on the Termination Date
Compounding:
Inapplicable
Business Days:
New York
Calculation Agent:
CSIN
Account Details:
Payments to CSIN:
As advised separately in writing
Payments to Counterparty: Wells Fargo Bank, N.A.
San Francisco, CA
ABA:
121-000-248
Account Number:
3970771416
Account Name:
Corporate Trust Clearing
FFC:
50894602, ARMT 2006-1 Group 6
Interest Rate Cap Account
For the purpose of facilitating this Transaction,
an Affiliate of CSIN, which
is
organized
in the United
States of America
(the
"Agent"),
has acted as
agent
for
CSIN.
The
Agent
is
not
a
principal
with
respect
to
this
Transaction and shall have no
responsibility or liability to the parties as a
principal with respect to this Transaction.
Credit
Suisse
International
is
authorized
and
regulated by the Financial
Services
Authority and has entered into this
transaction
as principal.
The
time
at
which
the
above
transaction
was
executed
will be
notified
to
Counterparty on request.
ADDITIONAL TERMS
--------------------------------------------------------------------------
Notional Amount:
Payment Date scheduled to
(USD)
Maximum
occur in:
Cap Rate:
Floating Rate:
-
