Paragraph 5

In the formula in paragraph 3 the correction factor K_y shall be the amount of money, whether positive or negative, given by the following formula—

K_{y} = [(D_{y - 1}^{'} - D_{y - 1}^{"}) - (\frac{R_{y - 1}}{100} \times (X_{y - 1}^{'} - X_{y - 1}^{"})) \times (\frac{r_{y - 1} - R_{y - 1}}{100} \times X_{y - 1}^{"})] \times [1 + \frac{I_{y - 1}}{100}] + [(D_{y - 2} - D_{y - 2}^{'}) - (\frac{R_{y - 2}}{100} \times (X_{y - 2} - X_{y - 2}^{'}))] \times [1 + \frac{I_{y - 2}}{100}] \times [1 + \frac{I_{y - 1}}{100}]

where—

I_y—₁ is the arithmetic average of the LIBOR rates on the last day of each of the first six months in period y—1; and
I_y—₂ is the arithmetic average of the LIBOR rates on the last day of each of the first six months in period y—2.