C:\temp\C.Notes.Data\2003 April 5 GlobalDebtFacilityAgreement.Doc
FEDERAL HOME LOAN MORTGAGE CORPORATION
GLOBAL DEBT FACILITY AGREEMENT
AGREEMENT, dated as of April 4, 2003, among the Federal Home Loan Mortgage Corporation (“Freddie
Mac”) and Holders of Debt Securities (as hereinafter defined).
(a) Freddie Mac is a corporation duly organized and existing under and by virtue of the laws of the United
States (Title III of the Emergency Home Finance Act of 1970, as amended (the “Freddie Mac Act”)) and has full
corporate power and authority to enter into this Agreement and to undertake the obligations undertaken by it herein;
(b) Pursuant to Section 306(a) of the Freddie Mac Act, Freddie Mac is authorized, upon such terms and
conditions as it may prescribe, to borrow, to pay interest or other return, and to issue notes, debentures, bonds or
other obligations or securities; and
(c) To provide funds to permit Freddie Mac to engage in activities consistent with its statutory purposes,
Freddie Mac has established a Global Debt Facility (the “Facility”) and authorized the issuance, from time to time,
pursuant to this Agreement, of unsecured general obligations of Freddie Mac.
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, it is hereby
agreed that the following terms and conditions of this Agreement (including, as to each issue of the Debt Securities,
the applicable Supplemental Agreement, as hereinafter defined) shall govern the Debt Securities and the rights and
obligations of Freddie Mac and Holders with respect to the Debt Securities.
Whenever used in this Agreement, the following words and phrases shall have the following meanings,
unless the context otherwise requires.
Additional Debt Securities: Debt Securities issued by Freddie Mac with the same terms (other than Issue
Date, interest commencement date and issue price) and conditions as Debt Securities for which settlement has
previously occurred so as