Regeling van de Minister voor Wonen en Rijksdienst van 17 juni 2015, nr. 0000336120, houdende nieuwe nadere regels betreffende toegelaten instellingen volkshuisvesting ter uitvoering van hoofdstuk IV van de Woningwet en het Besluit toegelaten instellingen volkshuisvesting 2015 (Regeling toegelaten instellingen volkshuisvesting 2015)

• (b). Other documents to be delivered are: Please complete

• (a). Addresses for Notices.For the purpose of Section 12(a) of the Agreement: Address for notices or communications to Party A: Please complete Address for notices or communications to Party B: Please complete

• (b). Process Agent.For the purpose of Section 13(c) of the Agreement: Party A appoints as its Process Agent in England: Please complete Party B appoints as its Process Agent in England: Please complete

• (c). Offices.The provisions of Section 10(a) of the Agreement will apply.

• (d). Multibranch Party.For the purpose of Section 10(b) of the Agreement: Party A [is not a Multibranch Party.] [is a Multibranch Party and may enter into a Transaction through any of the following Offices: Please complete]

• (e). Calculation Agent.The Calculation Agent is Party A, unless otherwise specified in a Confirmation in relation to the relevant Transaction. Failure of the Party designated as Calculation Agent to perform, on a timely basis, any of its responsibilities as Calculation Agent shall not relieve the parties of their respective payment obligations under the Agreement and such failure shall not be considered an event which would permit the termination of this Agreement or any Transaction. If a Party (a ‘Disputing Party’) reasonably disputes the outcome of a calculation by the Calculation Agent, then the Disputing Party will notify the Calculation Agent thereof not later than the close of business on the Local Business Day following the relevant Payment Date. The parties will consult with each other in an attempt to resolve the dispute. If they fail to resolve the dispute by 5.00 p.m., CET, on the Local Business Day following the date on which the notice is given, the Calculation Agent will recalculate the disputed calculation by seeking four actual quotations at mid-market from third parties for purposes of making the relevant calculation, and taking the arithmetic average of those obtained; provided that if four quotations are not available for a particular Transaction, then fewer than four quotations may be used for that calculation, and if no quotations are available, then the Calculation Agent's original calculations will be used.

• (f). Credit Support Document. None.

• (g). The Credit Support Provider.[Not applicable/Means with respect to Party A: Please complete

• (h). Governing Law.This Agreement will be governed by and construed in accordance with [Dutch] [English] Law.

• (i). Netting of Payments. ‘Multiple Transaction Payment Netting’ [will not apply for the purpose of Section 2(c) of this Agreement.] [will apply for the purpose of Section 2(c) of this Agreement to [all Transactions payable on the same date and in the same currency.

• (j). ‘Affiliate’is not applicable.

• (k). No Agency. The provisions of Section 3(g) will apply to this Agreement.

• (a). Inconsistency Notwithstanding the provisions of Section 1(b) of the Agreement, in the event of any inconsistency between any of the following documents, the relevant document first listed below shall govern: (i) a Confirmation for the purpose of the relevant Transaction; (ii) the Schedule; (iii) the relevant ‘ISDA Definitions’ and (iv) the 2002 ISDA Master Agreement.

• (b). Change of Account Section 2(b) shall be amended in full to read as follows: ‘Change of Account. Either party may change its account within the same currency as specified for the relevant payment or delivery in the Transaction by giving notice to the other party at least five Local Business Days prior to the scheduled date for payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change, and provided that, if any new account of one party is not in the same jurisdiction as the original account, the other party shall not be obliged to pay any greater amount and shall not receive any lesser amount as a result of such change than would have been the case if such change had not taken place.’.

• (c). Financial Statements Section 3(d) shall be amended by adding before the full stop at the end of Section 3(d): ‘, provided that in the case of financial statements delivered by either party, the only representation being made is that such financial statements give a fair view of the state of affairs of the entities which they cover as at their date of publication.’

• (d). Failure to Pay or Deliver Section 5(a)(i) shall be amended by replacing ‘First Local Business Day’ and ‘First Local Delivery Day’ by ‘Third Local Business Day’ and ‘Third Local Delivery Day’ respectively’. Section 5(a)(i) shall be amended by adding at the end of Section 5(a)(i): ‘provided, however, that notwithstanding the foregoing, an Event of Default shall not occur if the failure to pay or deliver is caused by an error or omission of an administrative or operational nature and funds were available to such party to enable it to make the relevant payment or delivery when due and provided that such error or omission is remedied within three Local Business Days and/or three Local Delivery Days after notice of such failure being received.’

• (e). Default Under Specified Transaction Section 5(a)(v)(2) shall be amended by replacing ‘First Local Business Day’ by ‘Third Local Business Day’.

• (f). Events Section 5(a) and (b) shall be amended by adding Section 5(a)(ix): ‘Any act, and/or decision under or pursuant to the Dutch Housing Act (‘Woningwet’) regarding Party B will not qualify as an Event of Default.’ and Section 5(b)(vii): ‘Any act, and/or decision under or pursuant to the Dutch Housing Act (‘Woningwet’) regarding Party B will not qualify as a Termination Event.’. Section 5(a) and (b) shall be amended by adding Section 5(a)(x): ‘The mortgaging of Party B’s real estate or pledging of Party B’s rental revenues to the Stichting Waarborgfonds Sociale Woningbouw shall not qualify as an Event of Default.’ and Section 5(b)(viii): ‘The mortgaging of Party B’s real estate or pledging of Party B’s rental revenues to the Stichting Waarborgfonds Sociale Woningbouw shall not qualify as a Termination Event.’.

• (g). Severability In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal, or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. The parties shall endeavour, in good faith negotiations, to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

• (h). Confirmations. Notwithstanding anything to the contrary in the Agreement:

• (i). The parties hereto agree that with respect to each Transaction hereunder a legally binding agreement shall exist from the moment that the parties hereto agree on the essential terms of such Transaction, which the parties anticipate will occur by telephone.

• (ii). For each Transaction Party A and Party B agree to enter into hereunder Party A shall promptly send to Party B a Confirmation setting forth the terms of such Transaction (which Confirmations shall be in a form agreed to by the parties exchanged by mail, facsimile or other electronic means). Party B shall execute and return the Confirmation to Party A or request correction of any error within three Local Business Days of receipt. Failure of Party B to respond within such period shall not affect the validity or enforceability of such Transaction and shall be deemed to be an affirmation of such terms absent manifest error.

• (i). Additional Agreements. Each party agrees, upon learning of the occurrence of any event or commencement of any condition that constitutes (or that with the giving of notice or passage of time or both would constitute) an Event of Default or Termination Event with respect to such party, promptly to give the other party notice of such event or condition (or, in lieu of giving notice of such event or condition in the case of an event or condition that with the giving of notice or passage of time or both would constitute an Event of Default or Termination Event with respect to the party, to cause such event or condition to cease to exist before becoming an Event of Default or Termination Event).

• (j). Recording of Conversations. Each party (i) consents to the recording of telephone conversations between the trading, marketing and other relevant personnel of the parties in connection with this Agreement or any potential Transaction, (ii) agrees to obtain any necessary consent of, and give any necessary notice of such recording to, its relevant personnel and (iii) agrees, to the extent permitted by applicable law, that recordings may be submitted in evidence in any Proceedings.

• (k). Amendment to Section 6(d)(ii).Section 6(d)(ii) of the Agreement is hereby amended by adding the following proviso at the end of the first sentence: ‘; provided, however, that if any amount calculated as being due in respect of an Early Termination Date which is designated as a result of an Illegality or a Force Majeure Event cannot be paid on such day by the Office specified in the Confirmation(s) relating to the Terminated Transaction(s) as a result of such event, then such amount will be payable by such Office on the day which is two Local Business Days after the day on which the Illegality or a Force Majeure Event, as the case may be, no longer exists or, if earlier, on the date on which an Event of Default occurs.

• (l). Timely Confirmation.

• (i). Section 9(e)(ii) is amended by:

• (A). replacing the word ‘practicable’ with the word ‘possible’ in the third line thereof; and

• (B). inserting ‘or by other method intended by the parties to be effective for the purpose of confirming or evidencing such Transaction’ immediately before the words ‘which in each case will be sufficient’.

• (ii). In respect of each Relevant Confirmation Transaction, Party A and Party B will use reasonable efforts acting in good faith and a commercially reasonable manner to ensure each Relevant Confirmation Transaction is confirmed by the Timely Confirmation Deadline.

• (iii). In respect of each Relevant Confirmation Transaction: If the Receiving Party delivers a Not Confirmed Notice to the Documenting Party by the Timely Confirmation Deadline, Party A and Party B will use reasonable efforts acting in good faith and a commercially reasonable manner, to attempt to resolve the difference and confirm the Relevant Confirmation Transaction as soon as possible.

• (A). the Documenting Party will deliver a Confirmation to the Receiving Party as soon as possible and at the latest by the Confirmation Delivery Deadline; and

• (B). following the delivery in (A) above, the Receiving Party will, use reasonable efforts acting in good faith and a commercially reasonable manner, either confirm the Confirmation or deliver to the Documenting Party a Not Confirmed Notice as soon as possible and at the latest by the Timely Confirmation Deadline.

• (iv). For the purposes of this Part 5(l): ‘CCP’ means a central clearing house authorised under Article 14 of EMIR or recognised under Article 25 of EMIR. ‘CCP Service’ means in respect of a CCP, an over-the-counter derivative clearing service offered by such CCP. ‘Cleared’ means, in respect of a Transaction, that such Transaction has been submitted (including where details of such Transaction are submitted) to a CCP for clearing in a relevant CCP Service and that such CCP has become a party to a resulting or corresponding transaction, as applicable, pursuant to such CCP's Rule Set. ‘Commission’ means the executive body of the European Union which is responsible for proposing legislation, implementing decisions, upholding the European Union's treaties and the day-to-day running of the European Union. ‘confirm’ means, with respect to a Confirmation provided by the Documenting Party to the Receiving Party, an acknowledgement in writing (whether by execution in counterpart of the Confirmation or otherwise) or electronically from the Receiving Party to the Documenting Party that the terms of such Confirmation reflect the terms of the Relevant Confirmation Transaction and ‘confirmed’ will be construed accordingly. ‘Confirmation Delivery Deadline’ means (i) 5:00 pm CET on the Local Business Day prior to the Timely Confirmation Deadline; or (ii) if the Timely Confirmation Deadline falls after the day that is the second Local Business Day following the Trade Date, 5:00 PM CET on the second Local Business Day immediately preceding the Timely Confirmation Deadline. Notwithstanding anything to the contrary in the Agreement, for this purpose ‘Local Business Day’ means, a day on which commercial banks and foreign exchange markets are generally open to settle payments in the city in which the office through which the Receiving Party is acting for the purposes of the Relevant Confirmation Transaction is located. ‘Documenting Party’ means Party A. ‘EMIR’ means Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012. European Union’ means the economic and political union established in 1993 by the Maastricht Treaty, with the aim of achieving closer economic and political union between member states that are primarily located in Europe. ‘Not Confirmed Notice’ means, with respect to a Confirmation provided by the Documenting Party, a written notice from the Receiving Party to the Documenting Party stating that the terms of such Confirmation do not accurately reflect the terms of the Transaction, which terms are inaccurate and what such terms should be, in the opinion of the Receiving Party. ‘Receiving Party’ means the party which is not the Documenting Party. ‘Relevant Confirmation Transaction’ means any Transaction which was not Cleared and entered into on or following the Timely Confirmation Start Date. ‘Rule Set’ means, with respect to a CCP Service, the relevant rules, conditions, procedures, regulations, standard terms, membership agreements, collateral addenda, notices, guidance, policies or other such documents promulgated by the relevant CCP and amended and supplemented from time to time. ‘Timely Confirmation Deadline’ means the end of the latest day by which such Relevant Confirmation Transaction must be confirmed in accordance with Article 12 of Chapter VIII of the Commission Delegated Regulation (EU) No 149/2013 published 23 February 2013 in the Official Journal of the European Union. If Party A to such Relevant Confirmation Transaction is not a ‘financial counterparty’ (as defined in EMIR), it will be deemed to be a financial counterparty solely for the purpose of determining such latest day. ‘Timely Confirmation Start Date’ means the twentieth day following the day of publication of Article 12 of Chapter VIII of the Commission Delegated Regulation (EU) No 149/2013 published 23 February 2013 in the Official Journal of the European Union. ‘Trade Date’ means the date of execution of the Transaction.

• (m). EMIR Reporting Obligation The Parties agree that any reporting obligation that Party B is subject to under Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012 is delegated to Party A.]6The parties may elect this Part 5 (m).

• (n). Incorporation and Interpretation of Definition Any definitions published by the International Swaps and Derivatives Association, Inc., as amended, supplemented and replaced from time to time which shall apply to this Agreement will be referred to in the relevant Confirmation. In the event and to the extent that the relevant Confirmation does not refer to any definitions, the following applies: Reference is made to the following definitions, where applicable which are hereby incorporated by reference herein: the 2006 ISDA Definitions (the ‘ISDA Definitions’); and any terms used and not otherwise defined in the Confirmation shall have the meaning set forth therein.

• (o). Form of Agreement The parties agree that the text of the body of this Agreement is intended to be the printed form of the ISDA 2002 Master Agreement as published and copyrighted by the International Swaps and Derivatives Association, Inc© (ISDA).

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

Party A	Party B
Date	Date
Signature	Signature
Name	Name
Function	Function

• (a). Base Currency and Eligible Currency

• (i). ‘Base Currency’ means euro.

• (ii). ‘Eligible Currency’ means the Base Currency.

• (b). Credit Support Obligations

• (i). Delivery Amount, Return Amount and Credit Support Amount

• (A). ‘Delivery Amount’ has the meaning specified in Paragraph 2(a).

• (B). ‘Return Amount’ has the meaning specified in Paragraph 2(b).

• (C). ‘Credit Support Amount’ has the meaning specified in Paragraph 10.

• (ii). Eligible Credit Support. The following items will qualify as ‘Eligible Credit Support’ for Party A: ¹ The parties may elect (B) and (C) together, not separately.

		Party A	Party B	Valuation Percentage
(A)	Cash in an Eligible Currency	Yes	Yes	100%
(B)	Negotiable debt obligations issued by the Governments of the Euro-zone, the United States of America, and the United Kingdom having a remaining maturity of not more than five years from the Valuation Date and being rated at least AAA (S&P) or AAA (Fitch Ratings) or Aaa (Moody’s) on the Valuation Date and which settle through an Approved Clearing System.	Yes	Yes	97%
(C)	Negotiable debt obligations issued by the Governments of the Euro-zone, the United States of America, and the United Kingdom having a remaining maturity of five years or more from the Valuation Date and being rated at least AAA (S&P) or AAA (Fitch Ratings) or Aaa (Moody’s) on the Valuation Date and which settle through an Approved Clearing System.]¹	Yes	Yes	95%
(D)	Such other Eligible Collateral as may be agreed between the parties	Yes	Yes	As agreed between the parties.

• (iii). Thresholds

• (A). ‘Independent Amount’ means with respect to Party A: please complete ‘Independent Amount’ means with respect to Party B: None.

• (B). ‘Threshold’ means with respect to Party A: None. ‘Threshold’ means with respect to Party B: please complete

• (C). ‘Minimum Transfer Amount’ means with respect to Party A and Party B: The amount equivalent to 10,000 euro.

• (D). Rounding. The Delivery Amount and the Return Amount will be rounded up or down to the nearest integral multiple of 10,000 euro.

• (c). Valuation and Timing

• (i). ‘Valuation Agent’ means, for the purposes of Paragraphs 2 and 4, and for the purposes of Paragraph 5(c): Party A. The valuation of the Credit Support Amount shall be made pursuant to Paragraph 3(b) and pursuant to the following procedures:

• (A). Party A shall before the Notification Time report by email to Party B:

• (a). The market value of each collateralised transaction, denominated in euro.

• (b). The market value of the posted collateral to Party B, denominated in euro.

• (c). The Credit Support Amount, denominated in euro.

• (B). If Party A’s determination remains undisputed, Party B shall notify the Valuation Agent of the agreed Delivery Amount (if any) or the Return Amount (if any) by email.

• (C). If the Delivery Amount or the Return Amount, as the case may be, on a Local Business Day equals or exceeds the Minimum Transfer Amount, as the case may be, and if both parties agree, then Eligible Credit Support will be transferred pursuant to Paragraph 2.

• (ii). ‘Valuation Date means each Local Business Day.

• (iii). ‘Valuation Time’ means the close of business on the Valuation Date or date of calculation, as applicable; provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date.

• (iv). ‘Notification Time’ means 2.00 p.m., CET, on the Local Business Day following the applicable Valuation Date.

• (d). Exchange Date ‘Exchange Date’ has the meaning specified in Paragraph 3(c)(ii).

• (e). Dispute Resolution

• (i). ‘Resolution Time’ means 5.00 p.m., CET, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 4.

• (ii). ‘Value.’ For the purpose of Paragraphs 4(a)(4)(i)(C) and 4(a)(4)(ii), the Value of the outstanding Credit Support Balance or of any transfer of Eligible Credit Support or Equivalent Credit Support, as the case may be, will be calculated as follows: Disputes over value will be resolved by the Valuation Agent seeking four bid quotes as of the relevant Valuation Date or date of Transfer from parties that regularly act as nationally recognised principal market makers in the securities or other property in question. The Value will be the arithmetic mean of the quotes received by the Valuation Agent multiplied by the applicable Valuation Percentage.

• (iii). ‘Alternative.’ The provisions of Paragraph 4 will apply.

• (f). Distributions and Interest Amount

• (i). Interest Rate. The ‘Interest Rate’ with exception of the condition mentioned hereafter under (iv) will be EONIA. ‘EONIA’ for any day means the reference rate equal to the overnight rate as calculated on an actual / 360 day count by the European Central Bank and appearing on different publication media on the first TARGET Settlement Day following that day. For the purposes of this Annex, TARGET Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

• (ii). Transfer of Interest Amount. The transfer of the Interest Amount will be made on last Local Business Day of each calendar month and on any Local Business Day that a Return Amount consisting wholly or partly of cash is transferred to Party A pursuant to Paragraph 2(b).

• (iii). Alternative to Interest Amount. The provisions in Paragraph 5(c)(ii) will apply.

• (g). Addresses for Transfers

• (i). [In the case of securities: Party A and Party B: please complete in the case of cash:]8Will apply when Paragraph 11(b)ii)(B) and (C) are elected. Directly by Target to please complete

• (h). Amendments to the Annex

• (i). The terms of Paragraph 4(a)(4)(i)(B) are amended in their entirety as follows: ‘(B) calculating that part of the Exposure attributable to the Transactions in dispute by seeking four actual quotations at mid-market from third parties for purposes of calculating the relevant Close-out Amount, and taking the arithmetic average of those obtained; provided that if four quotations are not available for a particular Transaction, then fewer than four quotations may be used for that Transaction, and if no quotations are available for a particular Transaction, then the Valuation Agent's original calculations will be used for the Transaction; and’

• (ii). The terms of Paragraph 6 are amended to read in their entirety as follows: ‘If an Early Termination Date is designated or deemed to occur as a result of an Event of Default in relation to a party, an amount equal to the Value of the Credit Support Balance, determined as though the Early Termination Date were a Valuation Date, will be deemed to be an Unpaid Amount due to the Transferor (which may or may not be the Defaulting Party) for purposes of Section 6(e). For the avoidance of doubt, the Close-out Amount determined under Section 6(e) in relation to the Transaction constituted by this Annex will be deemed to be zero. For purposes of this Paragraph 6, the Value of the Credit Support Balance shall be determined on the basis that the Valuation Percentage applicable to each item of Eligible Credit Support is 100%.’

• (iii). The term ‘Exposure’ in Paragraph 10 of the Annex is hereby amended to read in its entirety as follows: ‘Exposure’ means, with respect to a party on a Valuation Date and subject to Paragraph 4 in the case of a dispute, the amount, if any, that would be payable to that party by the other party (expressed as a positive number) or by that party to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(1) of this Agreement if all Transactions (other than the Transaction constituted by this Annex) were being terminated as of the relevant Valuation Time, on the basis that (i) that party is not the Affected Party and (ii) the Base Currency is the Termination Currency; provided that the Close-out Amount will be determined by the Valuation Agent on behalf of that party using its estimates at mid-market of the amounts that would be paid for transactions providing the economic equivalent of (x) the material terms of the Transactions, including the payments and deliveries by the parties under Section 2(a)(i) in respect of the Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date (assuming satisfaction of the conditions precedent in Section 2(a)(iii)); and (y) the option rights of the parties in respect of the Transactions.

• (i). Other Provisions

• (i). [All references in this annex to the ‘Transferee’ shall be read as references to Party B, and all corresponding references to the ‘Transferor’ shall be read as references to Party A.]9Will apply when Paragraph 11(b)(ii)(B) and (C) are elected.

• (ii). Minimum Transfer Amount. Notwithstanding the provisions of Paragraph 11(b)(iii)(C), when the Credit Support Amount with respect to both parties on a Valuation Date is zero or provided, that if an Event of Default or Termination Event has occurred and is continuing, the Minimum Transfer Amount with respect to both parties will be zero.

• (iii). [‘Euro-zone’ means the region comprised of members states of the European Union that adopt the single currency in accordance to the EC Treaty (Treaty establishing the European Community (signed in Rome on 25th March, 1957), as amended by the Treaty on European Union (signed in Maastricht on 7th February, 1992).]10Will apply when Paragraph 11(b)(ii)(B) and (C) are elected.

• (iv). ‘Local Business Day’ means TARGET Settlement Day.

• (v). ‘Local Delivery Day’ means TARGET Settlement Day.

• (vi). [‘Approved Clearing System’ means the securities clearing system operated by Clearstream Banking S.A. or Euroclear System.]11Will apply when Paragraph 11(b)(ii)(B) and (C) are elected.

• (vii). Demands and Notices. Paragraph 9(c) of this Annex shall be deleted in its entirety and replaced with the following: All demands and notices given by a party under this Annex will be given as specified hereunder with regard to: Party A: please complete Party B: please complete

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

Party A	Party B
Date	Date
Signature	Signature
Name	Name
Function	Function

Bijlage 8. bij artikel 22e Regeling toegelaten instellingen volkshuisvesting 2015

Verklaring gemeente bij het verhuren van minder dan 50% van de verhuureenheden aan vergunninghouders

Het college van B&W van de gemeente ________, verder genoemd ‘college’, verklaart dat:

• •. Het ervan op de hoogte is dat toegelaten instelling of samenwerkingsvennootschap ___, of de met deze toegelaten instelling verbonden onderneming, verder genoemd ‘toegelaten instelling’, voornemens is in het gebouw aan adres _______, verder genoemd ‘gebouw’, in bezit van pandeigenaar ________, verder genoemd ‘pandeigenaar’ minder dan 50% van de aanwezige verhuureenheden te verhuren aan vergunninghouders;

• •. Het college het voor het voldoen aan de taakstelling, bedoeld in artikel 28 van de Huisvestingswet 2014, niet nodig acht dat ten minste 50% van de verhuureenheden wordt verhuurd aan vergunninghouders.

Datum: ________

Handtekening: __________

Naam: ________

Voor alle vermogensverschaffingen van € 250.000 of hoger stelt de accountant vast dat de vereiste ontheffing is verleend. Dit drempelbedrag geldt alleen voor de controle en de conclusie van de accountant. Voor de woningcorporaties gelden de normale wettelijke bepalingen.

De accountant stelt vast dat de woningcorporatie in het verslagjaar geen nieuwe garantstellingen aan haar verbindingen heeft verleend. Heeft de woningcorporatie wel nieuwe garantstellingen verleend? Dan stelt de accountant vast dat er ontheffing is verleend, zoals bedoeld in artikel 21a, lid 3 van de Woningwet. De controle op het verschaffen van garantstellingen aan verbindingen heeft betrekking op verbindingen als bedoeld in de Woningwet artikel 1, lid 2 onder a (dochtermaatschappij), b (deelneming in de zin van artikel 24c boek 2 van het BW) en c (duurzame band).

Om na te gaan of de verantwoording in onderdeel 5.1.3 van de dVi nauwkeurig en volledig is, stelt de accountant vast:

Op grond van de artikelen 104 tot en met 108 van het Btiv en artikel 41 en 43 van de Rtiv gelden de bepalingen voor derivaten en beleggingen zowel voor woningcorporaties als dochtermaatschappijen en verbonden ondernemingen. Om te bepalen of de verantwoording in onderdeel 5.1.5 van de dVi nauwkeurig en volledig is, controleert de accountant of de aangegane derivatentransacties in het verslagjaar zijn toegestaan volgens het reglement zoals bedoeld in artikelen 55 en 55a van de Woningwet en artikelen 105, 106 en 107 van het Btiv. De accountant stelt vast dat:

Bij de controle van de onderdelen a, b en c geldt een materialiteit van 0%, aangezien het hierbij gaat om het vaststellen van de aansluiting van de dVi-informatie met de (toelichting bij de) gecertificeerde jaarrekening. In dat geval is de uitkomst goed (geen verschil) of fout (wel verschil).

De accountant voert een deelwaarneming uit op het overzicht van 5.2.1a, 1b, 1c en 1d. Hierbij wordt 10% van het aantal toewijzingen beoordeeld met een minimumaantal van 25 en een maximumaantal van 50. De uitwerking van de deelwaarneming staat in onderdeel 9. De accountant zorgt bij de selectie van de posten voor een redelijke spreiding van de selectie over de aspecten huurgrenzen, huishoudsamenstelling (1-, 2-, of 3- en meerpersoonshuishoudens) en over inkomensgrenzen. Verder is het belangrijk dat de toewijzingen aan huurders van onzelfstandige woongelegenheden niet worden verantwoord onder 5.2.1. Uitzondering op deze regel zijn onzelfstandige woongelegenheden waarvoor geldt dat een verzoek van de woningcorporatie of intermediaire verhuurder aan de Belastingdienst is toegekend om deze woningen voor begeleid wonen (bijvoorbeeld Thomashuizen) of groepswonen voor ouderen te laten aanwijzen. Dat geldt ook voor studentenwoningen die in het verleden door de Belastingdienst in dit kader zijn aangewezen. Deze toewijzingen in de aangewezen complexen worden wel onder 5.2.1. verantwoord, omdat ze ook meetellen voor de passendheidsnorm.

In de benadering van de onzekerheid bepaalt de accountant de weging op basis van professional judgement. De toepassing van de bovenstaande tabel is per onderdeel aangegeven (zie onderdelen 7 en 8).

2. Rubriek A: de controleverklaring met betrekking tot de jaarrekening en het bestuursverslag

Hieronder staat per onderdeel een verdere toelichting waarbij ook wordt ingegaan op de nauwkeurigheid van de uit te voeren werkzaamheden.

Deze regeling zal met de toelichting in de Staatscourant worden geplaatst.

Bijlage 2. bij artikel 14 van de Regeling toegelaten instellingen volkshuisvesting 2015

4.2. Loonontwikkeling

5.2.7.4. Huuraanpassing bij mutatie

5.2.8. Sociale huurgrens (voormalige liberalisatiegrens)

5.2.22. Overige punten

6.2.8. Eindwaarde

6.2.9. Overdrachtskosten

7.2.5.1. Instandhoudingsonderhoud

8.1.8. Mutatie- en verkoopkans

9. Beleidswaarde

Bijlage 3. bij artikel 16 van de Regeling toegelaten instellingen volkshuisvesting 2015

Bijlage 4. bij artikel 17 van de Regeling toegelaten instellingen volkshuisvesting 2015

19. Bijlage 10: Vereisten interne waardering

2.2. Wet- en regelgeving die specifiek van toepassing is

20.2.1. Stap 0: marktwaarde in verhuurde staat

20.2.3.4. Correctie erfpacht

De accountant stelt vast dat de verantwoording in onderdeel 5.1.3 van de dVi nauwkeurig en volledig is. Daartoe stelt de accountant vast dat de woningcorporatie in het verslagjaar voldoet aan de regelgeving voor het vervreemden van woongelegenheden en gebouwen met een maatschappelijke gebruiksbestemming. Dit is beschreven in artikel 45, lid 2, onderdeel d van de Woningwet en bijlage 2 en 3 van het Btiv. En in artikel 27, lid 1, aanhef en onderdeel a, van de Woningwet, artikelen 22 tot en met 25 van het Btiv en artikelen 9 tot en met 12a van de Rtiv.

Het doel van de werkzaamheden van de accountant die leiden tot een assurance-rapport is om een redelijke mate van zekerheid te geven over de nauwkeurigheid en volledigheid van de opgave in onderdeel 5.1 (Verantwoording naleving specifieke wettelijke bepalingen) van de dVi.

Voor verslagjaar 2025 geldt dat de hieronder opgesomde regelgeving en toelichtingen daarop (voor zover deze niet al in de betreffende paragraaf van dit protocol zijn opgenomen) van toepassing zijn voor de werkzaamheden van de accountant:

Het assurance-rapport strekt zich uit over de genoemde 4 onderdelen. De accountant verstrekt per onderdeel een afzonderlijk oordeel. De accountant omschrijft en onderbouwt een afwijkend oordeel in het assurance-rapport.

Deze paragraaf beschrijft de controlewerkzaamheden met betrekking tot een aantal specifieke artikelen uit de geldende regelgeving. Het gaat om bepalingen wat betreft:

Over de naleving van deze wettelijke bepalingen heeft de woningcorporatie verantwoording afgelegd in onderdeel 5.1 (Verantwoording naleving specifieke wettelijke bepalingen) van de dVi.

De accountant stelt vast dat de woningcorporatie in het verslagjaar aan verbindingen geen aanvullend of ander vermogen heeft verschaft (Woningwet artikel 21a, lid 2). Heeft de woningcorporatie wel vermogen verschaft? Dan stelt de accountant vast dat er ontheffing is verleend zoals bedoeld in de Woningwet, artikel 21a, lid 3. De controle op het verschaffen van vermogen aan verbindingen, heeft betrekking op verbindingen zoals bedoeld in de Woningwet artikel 1, lid 2 onder a (dochtermaatschappij), b (deelneming in de zin van artikel 24c BW2) en c (duurzame band).

Dit is omdat de woningcorporatie niet alle belangrijke rechten op economische voordelen en alle belangrijkste risico’s heeft overgedragen aan de koper. Het is belangrijk om te vermelden dat dergelijke transacties in relatie tot de regelgeving wel kwalificeren als verkooptransactie. De ‘normale’ bepalingen wat betreft de correcte toepassing van de kortingspercentages, melding van verkopen en de bepaling van de waarde bij vervreemdingen zijn van toepassing.

4.2. Specifiek van toepassing zijnde regelgeving

Voor verslagjaar 2025 geldt dat de hieronder opgesomde regelgeving en toelichtingen daarop (voor zover deze niet al in de betreffende paragraaf van dit protocol zijn opgenomen) van toepassing zijn voor de werkzaamheden van de accountant:

Bijlage 5. bij artikel 19 van de Regeling toegelaten instellingen volkshuisvesting 2015

2. Rubriek A: de controleverklaring met betrekking tot de jaarrekening en het bestuursverslag

Is er sprake van intermediaire verhuur? Dan kan de controlerend accountant van de woningcorporatie als dat nodig is gebruik maken van de werkzaamheden van de accountant van de intermediair. De controlerend accountant van de woningcorporatie past dan alle relevante bepalingen uit standaard 600 (NV COS) toe.

De meest recente bestuursverklaring vindt u op de website van de Aw.

Bijlage 5. bij artikel 19 van de Regeling toegelaten instellingen volkshuisvesting 2015

Bijlage 6. bij art. 43 van de Regeling toegelaten instellingen volkshuisvesting 2015

Bijlage 9. bij artikel 22f, onder a, Regeling toegelaten instellingen volkshuisvesting 2015

Verklaring gemeente bij werkzaamheden door een toegelaten instelling of samenwerkingsvennootschap

Het college van B&W van de gemeente ________, verder genoemd ‘college’, verklaart dat:

• •. Zij op de hoogte is dat toegelaten instelling of samenwerkingsvennootschap ___, verder genoemd ‘toegelaten instelling’, voornemens is om werkzaamheden te verrichten in het gebouw aan adres _______, verder genoemd ‘gebouw’, in bezit van pandeigenaar ________, verder genoemd ‘pandeigenaar’;

• •. Zij ermee instemt dat de toegelaten instelling de werkzaamheden zoals opgenomen in de ontwerpovereenkomst tussen toegelaten instelling en de pandeigenaar van het betreffende gebouw, verricht;

• •. Het gebouw gebruikt zal worden voor het huisvesten van vergunninghouders, ten minste voor de helft van de woongelegenheden, zolang dit nodig is op grond van de taakstelling zoals geldend op basis van de Huisvestingswet 2014;

• •. Via algemene bekendmaking gedurende twee weken langs elektronische weg is nagegaan of anderen dan de toegelaten instelling werkzaamheden in het gebouw wensen te verrichten;

• •. Die algemene bekendmaking in elke vorm en in elk medium dezelfde informatie bevatte, waaronder in elk geval een omschrijving van het bewuste gebouw, het startmoment en duur van de opdracht en de wijze waarop het gebouw na afloop van de opdracht dient te worden opgeleverd.

Datum: ________

Handtekening: __________

Naam: ________

Bijlage 10. bij artikel 22f, onder b, Regeling toegelaten instellingen volkshuisvesting 2015

Verklaring gemeente bij werkzaamheden door een met een toegelaten instelling verbonden onderneming

Het college van B&W van de gemeente ________, verder genoemd ‘college’, verklaart dat:

• •. Zij op de hoogte is dat een met toegelaten instelling ___ verbonden onderneming, verder genoemd ‘verbonden onderneming’, voornemens is om werkzaamheden te verrichten in het gebouw aan adres _______, verder genoemd ‘gebouw’, in bezit van pandeigenaar ________, verder genoemd ‘pandeigenaar’;

• •. Zij ermee instemt dat de verbonden onderneming de werkzaamheden zoals opgenomen in de ontwerpovereenkomst tussen verbonden onderneming en de pandeigenaar van het betreffende gebouw, verricht;

• •. Het gebouw gebruikt zal worden voor het huisvesten van vergunninghouders, ten minste voor de helft van de woongelegenheden, zolang dit nodig is op grond van de taakstelling zoals geldend op basis van de Huisvestingswet 2014.

Datum: ________

Handtekening: __________

Naam: ________

Bijlage 11. bij artikel 22c, onderdeel a, van de Regeling toegelaten instellingen volkshuisvesting 2015

Verklaring gemeente bij werkzaamheden door een toegelaten instelling of samenwerkingsvennootschap

Het college van B&W van de gemeente ________, verklaart dat:

• •. Het op de hoogte is dat toegelaten instelling of samenwerkingsvennootschap ___, verder genoemd ‘toegelaten instelling’, voornemens is om werkzaamheden te verrichten in het gebouw aan adres _______, verder genoemd ‘gebouw’, in bezit van pandeigenaar ________, verder genoemd ‘pandeigenaar’;

• •. Via algemene bekendmaking gedurende vier weken langs elektronische weg is nagegaan of anderen dan de toegelaten instelling werkzaamheden in het gebouw wensen te verrichten;

• •. Die algemene bekendmaking in elke vorm en in elk medium dezelfde informatie bevatte, waaronder in elk geval een omschrijving van het bewuste gebouw, het startmoment en duur van de opdracht en de wijze waarop het gebouw na afloop van de opdracht dient te worden opgeleverd.

Datum: ________

Handtekening: __________

Naam: ________

Bijlage 12. bij artikel 22c, onderdeel b, van de Regeling toegelaten instellingen volkshuisvesting 2015

Verklaring openbaar lichaam bij werkzaamheden door een toegelaten instelling of samenwerkingsvennootschap

Het orgaan dat is belast met het dagelijks bestuur in het openbaar lichaam ________, verklaart dat:

• •. Het op de hoogte is dat toegelaten instelling of samenwerkingsvennootschap ___, verder genoemd ‘toegelaten instelling’, voornemens is om werkzaamheden te verrichten in het gebouw aan adres _______, verder genoemd ‘gebouw’, in bezit van pandeigenaar ________, verder genoemd ‘pandeigenaar’;

• •. Via algemene bekendmaking gedurende vier weken langs elektronische weg is nagegaan of anderen dan de toegelaten instelling werkzaamheden in het gebouw wensen te verrichten;

• •. Die algemene bekendmaking in elke vorm en in elk medium dezelfde informatie bevatte, waaronder in elk geval een omschrijving van het bewuste gebouw, het startmoment en duur van de opdracht en de wijze waarop het gebouw na afloop van de opdracht dient te worden opgeleverd.

Datum: ________

Handtekening: __________

Naam: _______

Bijlage 13. bij artikel 40a, onderdeel c, van de Regeling toegelaten instellingen volkshuisvesting 2015

3.1. Doel

Blijken uit de deelwaarneming fouten in de verantwoording? Dan worden deze fouten vertaald naar de massa van de genoemde deelgroep. De accountant bepaalt wat de impact van deze fouten is op de totale hoeveelheid woningtoewijzingen. Dit leidt mogelijk tot een aanvullende deelwaarneming.

3.2. Regelgeving die specifiek van toepassing is

In de sector zijn diverse initiatieven in ontwikkeling om de woningtoewijzing deels of geheel te automatiseren. Zowel de reguliere manier van woningtoewijzing als deze nieuwe initiatieven kunnen naast elkaar bestaan. Dit kan betekenen dat een deel van de woningtoewijzing op de reguliere manier gaat, terwijl een ander deel via een geautomatiseerde toewijzing gebeurt. De reguliere toewijzingen toetst de accountant door de deelwaarneming. De accountant kan voor het geautomatiseerde deel van de toewijzingen kiezen voor een systeemgerichte controle, inclusief gebruik maken van een assurance-rapportage van een accountantsorganisatie bij initiatieven om woningtoewijzingen te automatiseren, waaronder bijvoorbeeld inkomenstoetsing. De accountant kan ook kiezen voor de reguliere gegevensgerichte controle.

De woningcorporatie blijft in alle gevallen verantwoordelijk voor de compliance. Uitgangspunt is dat de accountant dezelfde mate van assurance geeft over de totale woningtoewijzing, ongeacht op welke manier dit gaat.

Model voor de raamovereenkomst inzake het aantrekken van financiële derivaten

Als kader voor de werkzaamheden bij het aspect volledigheid van de accountant geldt dat:

3.4. Oordelen in het assurance-rapport

Bij verhuur door intermediaire verhuurders blijven de eisen voor inkomenstoetsing en verantwoording onverkort van kracht. Woningcorporaties moeten met hen hierover (contractuele) afspraken maken. Het onderscheid tussen gebruik en verhuur staat in de toelichting op de modelverklaring.

Artikel 5

Artikel 3

Artikel 5

Inhoudsopgave

Hoofdstuk 1 – Algemeen

1.1 – Algemene gegevens

Hoofdstuk 2 – Activiteiten

2.1 – Activiteitenoverzicht

2.2 – Projecten nieuwbouw

2.3 – Prognose ontwikkeling bezit

Deze regeling zal met de toelichting in de Staatscourant worden geplaatst.

Bijlage 2. bij artikel 14 van de Regeling toegelaten instellingen volkshuisvesting 2015

2. Inleiding

4.1. Prijsinflatie

7.2.5. Exploitatiekosten

8.1.7. Technische splitsingskosten

8.1.9. Bijzondere uitgangspunten

8.2. De Rol van opdrachtverlening aan externe taxateur

9.2.2. Stap 1: beschikbaarheid (doorexploiteren)

9.2.5. Stap 4: beheer

1. Inleiding

1. Inleiding

Bijlage 4. bij artikel 17 van de Regeling toegelaten instellingen volkshuisvesting 2015 (verslagjaar 2023)

20.2.3. Stap 2: betaalbaarheid (huur)

20.2.4.1. Definitie onderhoud

‘Verkoop van een woning door de woningcorporatie met een terugkoopplicht en verkoop met een terugkooprecht tegen een prijs die significant lager is dan de verwachte reële waarde op het terugkoopmoment.’

Op grond van de artikelen 104 tot en met 108 van het Btiv en artikel 41 en 43 van de Rtiv gelden de bepalingen voor derivaten en beleggingen zowel voor woningcorporaties als dochtermaatschappijen en verbonden ondernemingen. Om te bepalen of de verantwoording in onderdeel 5.1.5 van de dVi nauwkeurig en volledig is, controleert de accountant of de aangegane derivatentransacties in het verslagjaar zijn toegestaan volgens het reglement zoals bedoeld in artikelen 55 en 55a van de Woningwet en artikelen 105, 106 en 107 van het Btiv. De accountant stelt vast dat:

Voor verslagjaar 2024 geldt dat de hieronder opgesomde regelgeving en toelichtingen daarop (voor zover deze niet al in de betreffende paragraaf van dit protocol zijn opgenomen) van toepassing zijn voor de werkzaamheden van de accountant:

2.3. Materialiteit (betrouwbaarheid en nauwkeurigheid)

3.4. Oordelen in het assurance-rapport

De werkzaamheden van de accountant zijn gericht op alle woongelegenheden in eigendom van de woningcorporatie, dus ongeacht of de woningcorporatie deze zelf verhuurt of door een derde laat verhuren (intermediaire verhuur). De accountant stelt op basis van de huuradministratie (inclusief de intermediaire verhuur) de volledigheid vast van de aantallen aangegane huurovereenkomsten die in het verslagjaar zijn opgenomen in onderdeel 5.2.2. De accountant stelt dit vast voor wat betreft het totaal van de huurovereenkomsten met betrekking tot de woongelegenheden met een huurprijs die bij aanvang van de bewoning niet hoger is dan € 900,07, voor wat betreft de 3 (inkomens)groepen. Biedt de huuradministratie (inclusief de intermediaire verhuur) daarvoor onvoldoende zicht? Dan vertaalt de accountant dat naar een oordeel. De tabel ‘Vertaling naar oordeel’ is hierop van toepassing.

De bestuursverklaring van de intermediaire verhuurder is belangrijk. Hierop mag de accountant zich baseren, om de volledigheid van de verantwoording over de toewijzing van de betreffende woongelegenheden vast te stellen.

Aan de hand van de aanwijzingen uit bijlage 1 van de Rtiv moeten inkomens uit 2023 en 2024 zijn geactualiseerd.

De uitgangspunten in de Rtiv zijn als volgt:

De deelwaarneming kan bestaan uit:

1 Dit aflossingsschema niet opnemen indien er sprake is van een bijgevoegd aflossingsschema.

4. Rubriek C: het assurance-rapport met betrekking tot de dVi over het verslagjaar (cijfermatige verantwoording)

4.2. Specifiek van toepassing zijnde regelgeving

Bijlage 7. bij artikel 43 van de Regeling toegelaten instellingen volkshuisvesting 2015

Financiële derivaten mogen uitsluitend worden aangetrokken onder de in de bijlage genoemde modelovereenkomst. Niet in de bijlage als zodanig opgenomen onderdeel van deze modelovereenkomst is het ISDA Master Agreement 2002. Deze Master Agreement 2002 is een gestandaardiseerd contract opgesteld door de International Swaps and Derivatives Association (ISDA), een organisatie voor handelaren in onderhandse derivaten wereldwijd en gevestigd in New York. De ISDA (en daarmee het Master Agreement 2002) zijn bereikbaar via website www.isda.org.

Dated as of .....................

between

Please fill in the name laid down by statute (‘Party A’)

and

[toegelaten instelling] (‘Party B’),

As of the date of this Agreement, all Transactions entered into from that date between the parties to this Agreement (and the respective rights and obligations of the parties in respect of those Transactions) shall be governed by, subject to, and determined in accordance with, the terms and conditions set out in this Agreement and the related Confirmations.

Party B is a Dutch housing association (‘toegelaten instelling’) and its main purpose is the stimulation of social housing in the Netherlands by means of public funding. As a result, Party B is supervised by the Dutch government and any supervisory bodies and institutions. In respect of this Agreement, Party B shall be considered as a non-professional investor, in accordance with the Dutch Wet op het financieel toezicht. Regarding these Transactions, Party A shall act as an advisor for Party B. All of the above is incorporated in the independent agreement governed by Dutch law, as referred to in article 6 of the Dutch Beleidsregels gebruik financiële derivaten door toegelaten instellingen volkshuisvesting.

In this Agreement:

• (a). ‘Specified Entity’does not apply.

• (b). ‘Specified Transaction’ will have the meaning specified in Section 14 of the Agreement.

• (c). The ‘Cross-Default’ provisions of Section 5(a)(vi) of the Agreement will apply to Party A and will not apply to Party B provided, however, that notwithstanding the foregoing, an Event of Default shall not occur under either Section 5(a)(vi)(1) or (2) if (a) the event or condition referred to in Section 5(a)(vi)(1) or the failure to pay referred to in Section 5(a)(vi)(2) is a failure to pay caused by an error or omission of an administrative or operational nature; and (b) funds were available to such party to enable it to make the relevant payment when due; and (c) such relevant payment is made within three Local Business Days following receipt of written notice from an interested party of such failure to pay. If such provisions apply:

• −. ‘Specified Indebtedness’ will have the meaning specified in Section 14.

• −. ‘Threshold Amount’ means with respect to Party A, an amount equal to one percent (1%) of its total equity share capital (as specified from time to time in its most recent Annual Report containing consolidated financial statements, prepared in accordance with accounting principles that are generally accepted for institutions of its type in the jurisdiction of its organization and certified by independent public accountants), or its equivalent in any other currency.

• (d). The ‘Credit Event Upon Merger’provisions of Section 5(b)(v) of the Agreement will apply to Party A and will apply to Party B.

• (e). The ‘Automatic Early Termination’ provision of Section 6(a) of the Agreement will apply, provided that Automatic Early Termination shall not apply upon the occurrence of an Event of Default with respect of Party B specified in Section 5(a)(vii) (3), (6) or, to the extend analogous thereto.

• (f). ‘Termination Currency’means Euro or the currency selected by the Non-defaulting Party or the Non-affected Party, or in the circumstance where there are two Affected Parties, agreed by Party A and Party B, and failing such agreement the Termination Currency shall be Euro.

• (g). ‘Additional Termination Event’ will apply. The following will constitute an Additional Termination Event: For any reason the status of Party B as ‘toegelaten instelling’ is withdrawn in accordance with article 70 of the Dutch Housing Act (‘Woningwet’).

• (a). Payer Representations. For the purposes of Section 3(e), Party A and Party B will make the following representation: It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under X Section 9(h) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement and (iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, except that it will not be a breach of this representation where reliance is placed on clause (ii) above and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

• (b). Payee RepresentationsParty A and Party B make no Payee Tax representation.

For the purpose of Section 4(a)(i) and 4(a)(ii) of the Agreement, each party agrees to deliver the following documents, covered by Section 3(d) of this Agreement, as applicable:

• (a). Tax forms, documents or certificates to be delivered are: Each party agrees to complete, accurately and in a manner reasonably satisfactory to the other party, and to execute, arrange for any required certification of, and deliver to the other party (or to such government or taxing authority as the other party reasonably directs), any form or document that may be required or reasonably requested in order to allow the other party to make a payment under this Agreement without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate, promptly upon the earlier of (i) reasonably demand by the other party and (ii) learning that the form or document is required.

• (b). Other documents to be delivered are: Please complete

• (a). Addresses for Notices.For the purpose of Section 12(a) of the Agreement: Address for notices or communications to Party A: Please complete Address for notices or communications to Party B: Please complete

• (b). Process Agent.For the purpose of Section 13(c) of the Agreement: Party A appoints as its Process Agent in England: Please complete Party B appoints as its Process Agent in England: Please complete

• (c). Offices.The provisions of Section 10(a) of the Agreement will apply.

• (d). Multibranch Party.For the purpose of Section 10(b) of the Agreement: Party A [is not a Multibranch Party.] [is a Multibranch Party and may enter into a Transaction through any of the following Offices: Please complete]

• (e). Calculation Agent.The Calculation Agent is Party A, unless otherwise specified in a Confirmation in relation to the relevant Transaction. Failure of the Party designated as Calculation Agent to perform, on a timely basis, any of its responsibilities as Calculation Agent shall not relieve the parties of their respective payment obligations under the Agreement and such failure shall not be considered an event which would permit the termination of this Agreement or any Transaction. If a Party (a ‘Disputing Party’) reasonably disputes the outcome of a calculation by the Calculation Agent, then the Disputing Party will notify the Calculation Agent thereof not later than the close of business on the Local Business Day following the relevant Payment Date. The parties will consult with each other in an attempt to resolve the dispute. If they fail to resolve the dispute by 5.00 p.m., CET, on the Local Business Day following the date on which the notice is given, the Calculation Agent will recalculate the disputed calculation by seeking four actual quotations at mid-market from third parties for purposes of making the relevant calculation, and taking the arithmetic average of those obtained; provided that if four quotations are not available for a particular Transaction, then fewer than four quotations may be used for that calculation, and if no quotations are available, then the Calculation Agent's original calculations will be used.

• (f). Credit Support Document. None.

• (g). The Credit Support Provider.[Not applicable/Means with respect to Party A: Please complete

• (h). Governing Law.This Agreement will be governed by and construed in accordance with [Dutch] [English] Law.

• (i). Netting of Payments. ‘Multiple Transaction Payment Netting’ [will not apply for the purpose of Section 2(c) of this Agreement.] [will apply for the purpose of Section 2(c) of this Agreement to [all Transactions payable on the same date and in the same currency.

• (j). ‘Affiliate’is not applicable.

• (k). No Agency. The provisions of Section 3(g) will apply to this Agreement.

• (a). Inconsistency Notwithstanding the provisions of Section 1(b) of the Agreement, in the event of any inconsistency between any of the following documents, the relevant document first listed below shall govern: (i) a Confirmation for the purpose of the relevant Transaction; (ii) the Schedule; (iii) the relevant ‘ISDA Definitions’ and (iv) the 2002 ISDA Master Agreement.

• (b). Change of Account Section 2(b) shall be amended in full to read as follows: ‘Change of Account. Either party may change its account within the same currency as specified for the relevant payment or delivery in the Transaction by giving notice to the other party at least five Local Business Days prior to the scheduled date for payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change, and provided that, if any new account of one party is not in the same jurisdiction as the original account, the other party shall not be obliged to pay any greater amount and shall not receive any lesser amount as a result of such change than would have been the case if such change had not taken place.’.

• (c). Financial Statements Section 3(d) shall be amended by adding before the full stop at the end of Section 3(d): ‘, provided that in the case of financial statements delivered by either party, the only representation being made is that such financial statements give a fair view of the state of affairs of the entities which they cover as at their date of publication.’

• (d). Failure to Pay or Deliver Section 5(a)(i) shall be amended by replacing ‘First Local Business Day’ and ‘First Local Delivery Day’ by ‘Third Local Business Day’ and ‘Third Local Delivery Day’ respectively’. Section 5(a)(i) shall be amended by adding at the end of Section 5(a)(i): ‘provided, however, that notwithstanding the foregoing, an Event of Default shall not occur if the failure to pay or deliver is caused by an error or omission of an administrative or operational nature and funds were available to such party to enable it to make the relevant payment or delivery when due and provided that such error or omission is remedied within three Local Business Days and/or three Local Delivery Days after notice of such failure being received.’

• (e). Default Under Specified Transaction Section 5(a)(v)(2) shall be amended by replacing ‘First Local Business Day’ by ‘Third Local Business Day’.

• (f). Events Section 5(a) and (b) shall be amended by adding Section 5(a)(ix): ‘Any act, and/or decision under or pursuant to the Dutch Housing Act (‘Woningwet’) regarding Party B will not qualify as an Event of Default.’ and Section 5(b)(vii): ‘Any act, and/or decision under or pursuant to the Dutch Housing Act (‘Woningwet’) regarding Party B will not qualify as a Termination Event.’. Section 5(a) and (b) shall be amended by adding Section 5(a)(x): ‘The mortgaging of Party B’s real estate or pledging of Party B’s rental revenues to the Stichting Waarborgfonds Sociale Woningbouw shall not qualify as an Event of Default.’ and Section 5(b)(viii): ‘The mortgaging of Party B’s real estate or pledging of Party B’s rental revenues to the Stichting Waarborgfonds Sociale Woningbouw shall not qualify as a Termination Event.’.

• (g). Severability In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal, or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. The parties shall endeavour, in good faith negotiations, to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

• (h). Confirmations. Notwithstanding anything to the contrary in the Agreement:

• (i). The parties hereto agree that with respect to each Transaction hereunder a legally binding agreement shall exist from the moment that the parties hereto agree on the essential terms of such Transaction, which the parties anticipate will occur by telephone.

• (ii). For each Transaction Party A and Party B agree to enter into hereunder Party A shall promptly send to Party B a Confirmation setting forth the terms of such Transaction (which Confirmations shall be in a form agreed to by the parties exchanged by mail, facsimile or other electronic means). Party B shall execute and return the Confirmation to Party A or request correction of any error within three Local Business Days of receipt. Failure of Party B to respond within such period shall not affect the validity or enforceability of such Transaction and shall be deemed to be an affirmation of such terms absent manifest error.

• (i). Additional Agreements. Each party agrees, upon learning of the occurrence of any event or commencement of any condition that constitutes (or that with the giving of notice or passage of time or both would constitute) an Event of Default or Termination Event with respect to such party, promptly to give the other party notice of such event or condition (or, in lieu of giving notice of such event or condition in the case of an event or condition that with the giving of notice or passage of time or both would constitute an Event of Default or Termination Event with respect to the party, to cause such event or condition to cease to exist before becoming an Event of Default or Termination Event).

• (j). Recording of Conversations. Each party (i) consents to the recording of telephone conversations between the trading, marketing and other relevant personnel of the parties in connection with this Agreement or any potential Transaction, (ii) agrees to obtain any necessary consent of, and give any necessary notice of such recording to, its relevant personnel and (iii) agrees, to the extent permitted by applicable law, that recordings may be submitted in evidence in any Proceedings.

• (k). Amendment to Section 6(d)(ii).Section 6(d)(ii) of the Agreement is hereby amended by adding the following proviso at the end of the first sentence: ‘; provided, however, that if any amount calculated as being due in respect of an Early Termination Date which is designated as a result of an Illegality or a Force Majeure Event cannot be paid on such day by the Office specified in the Confirmation(s) relating to the Terminated Transaction(s) as a result of such event, then such amount will be payable by such Office on the day which is two Local Business Days after the day on which the Illegality or a Force Majeure Event, as the case may be, no longer exists or, if earlier, on the date on which an Event of Default occurs.

• (l). Timely Confirmation.

• (i). Section 9(e)(ii) is amended by:

• (A). replacing the word ‘practicable’ with the word ‘possible’ in the third line thereof; and

• (B). inserting ‘or by other method intended by the parties to be effective for the purpose of confirming or evidencing such Transaction’ immediately before the words ‘which in each case will be sufficient’.

• (ii). In respect of each Relevant Confirmation Transaction, Party A and Party B will use reasonable efforts acting in good faith and a commercially reasonable manner to ensure each Relevant Confirmation Transaction is confirmed by the Timely Confirmation Deadline.

• (iii). In respect of each Relevant Confirmation Transaction: If the Receiving Party delivers a Not Confirmed Notice to the Documenting Party by the Timely Confirmation Deadline, Party A and Party B will use reasonable efforts acting in good faith and a commercially reasonable manner, to attempt to resolve the difference and confirm the Relevant Confirmation Transaction as soon as possible.

• (A). the Documenting Party will deliver a Confirmation to the Receiving Party as soon as possible and at the latest by the Confirmation Delivery Deadline; and

• (B). following the delivery in (A) above, the Receiving Party will, use reasonable efforts acting in good faith and a commercially reasonable manner, either confirm the Confirmation or deliver to the Documenting Party a Not Confirmed Notice as soon as possible and at the latest by the Timely Confirmation Deadline.