Recommended Market Practice for Trades of Argentina's Sovereign Bonds The following is a clarification of the Market Practice recommendation dated July 31, 2014.

145. August 1, 2014

Recommended Market Practice for Trades of Argentina's Sovereign Bonds
The following is a clarification of the Market Practice recommendation dated July 
31, 2014.

Flat trading for the bonds referenced in the July 31 recommendation commenced 
on July 31, such that, unless otherwise agreed, buyers as of such date are 
entitled to all unpaid and accrued interest and related claims as of their trade 
date (both for the current interest period and for any previous interest period that 
is unpaid as of the trade date). This also means that, unless such buyers
retained the bonds, buyers prior to the default date of June 30, 2014 and buyers 
during the 30-day grace period do not have the right to any such accrued and 
unpaid interest.

EMTA

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