The Fiscal Agent is not a trustee for the holders of the Bonds and does not have the same responsibilities or duties to act for such holder as would a trustee. The Republic may maintain deposit accounts and conduct other banking transactions in the ordinary course of business with the Fiscal Agent. // hier zB Venezuela...dürfte bei den ArgyBonds ähnlich lautend....das ist uA die Aufgabe der Provisionsagenten (10%) die die Pfändungsrotte engagiert hat dieses zu prüfen...lasst euch nicht für dumm verkaufen !!

DESCRIPTION OF THE BONDS The Bonds are to be issued under a fiscal agency agreement, dated as of July 25, 2001 (as amended by Amendment No. 1 to the Fiscal Agency Agreement dated as of September 19, 2003, Amendment No. 2 to the Fiscal Agency Agreement dated as of March 25, 2005 and Amendment No. 3 to the Fiscal Agency Agreement dated as of December 17, 2007, the “Fiscal Agency Agreement”), among the Republic, Banco Central de Venezuela, as official financial agent of the Republic, and Deutsche Bank AG and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as fiscal agents and principal paying agents. The following description provides the material provisions of the Bonds and the Fiscal Agency Agreement. The description may not contain all of the information that is important to you as a potential investor in the Bonds. Therefore, the Republic urges you to read the Fiscal Agency Agreement and the form of global bond, which are hereby incorporated by reference, in making your decision on whether to invest in the Bonds. Copies of these documents are available at the office of the Fiscal Agent in New York City. The Republic may replace the Fiscal Agent at any time, subject to the appointment of a replacement fiscal agent. The Fiscal Agent is not a trustee for the holders of the Bonds and does not have the same responsibilities or duties to act for such holder as would a trustee. The Republic may maintain deposit accounts and conduct other banking transactions in the ordinary course of business with the Fiscal Agent. General Terms of the Bonds The Bonds will:  be issued in an aggregate principal amount of U.S.$3,000,000,000;