ANZ EMERGING MARKETS FOREIGN EXCHANGE GUIDE

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1 ANZ EMERGING MARKETS FOREIGN EXCHANGE GUIDE

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3 CONTENTS EMERGING MARKETS FX CAPABILITIES 04 ASIA Cambodian Riel KHR 06 Chinese Yuan (Renminbi) CNY 07 Chinese Yuan (Offshore Renminbi) CNH 09 Hong Kong Dollar HKD 10 Indian Rupee INR 11 Indonesian Rupiah IDR 12 (South) Korean Won KRW 13 Lao Kip LAK 14 Malaysian Ringgit MYR 15 Mongolian Tughrik MNT 16 Philippine Peso PHP 17 Singapore Dollar SGD 18 New Taiwan Dollar TWD 19 Thai Baht THB 21 Vietnamese Dong VND 22 PACIFIC Fiji Dollar FJD 23 Papua New Guinea Kina PGK 24 Solomon Islands Dollar SBD 25 Tongan Pa anga TOP 26 Vanuatu Vatu VUV 27 Samoa Tala WST 28 EMERGING EUROPE, MIDDLE EAST AND AFRICA (EEMEA) Czech Koruna CZK 29 Hungarian Forint HUF 29 Israeli Shekel ILS 30 Kuwaiti Dinar KWD 30 Polish Zloty PLN 31 Qatari Riyal QAR 32 Romanian Leu RON 32 Russian Rouble RUB 33 Saudi Arabian Riyal SAR 34 South African Rand ZAR 34 Turkish Lira TRY 35 UAE Dirham AED 35 LATIN AMERICA (LATAM) Brazilian Real BRL 36 Chilean Peso CLP 37 Colombian Peso COP 38 Mexican Peso MXN 38 Peruvian New Sol PEN 39 IMPORTANT INFORMATION 40 Australia and New Zealand Banking Group Limited (ABN ) and subsidiaries seek to or do conduct business with issuers and in relation to financial products referred to in this report. Please refer to the Important Information at the conclusion of this document. Publication date, May 2014.

4 EMERGING MARKETS FX CAPABILITIES 4 4 RUSSIAN ROUBLE POLISH ZLOTY CZECH KORUNA HUNGARIAN FORINT MONGOLIAN TUGHRIK TURKISH LIRA ISRAELI SHEKEL SAUDI ARABIAN RIYAL KUWAITI DINAR SOUTH AFRICAN RAND UAE INDIAN RUPEE DIRHAM THAI BAHT QATARI RIYAL SINGAPORE DOLLAR INDONESIAN RUPIAH SOUTH KOREAN WON CHINESE YUAN AND OFFSHORE YUAN NEW TAIWAN DOLLAR HONG KONG DOLLAR MEXICAN PESO LAO KIP PHILIPPINE PESO VIETNAMESE DONG CAMBODIAN RIEL COLOMBIAN PESO MALAYSIAN RINGGIT PACIFIC ISLANDS BRAZILIAN REAL - FIJI DOLLAR PERUVIAN NEW SOL - PAPUA NEW GUINEA KINA - SOLOMON ISLANDS DOLLAR - TONGAN PA'ANGA - VANUATU VATU CHILEAN PESO - SAMOA TALA Emerging Markets FX capabilities ANZ presence ANZ presence and trading hubs Hong Kong Singapore London Sydney New York ANZ AT A GLANCE > > Australia and New Zealand Banking Group Limited (ANZ) is one of the four largest banks in Australia, the largest bank in New Zealand, and one of the world s 25 largest listed banks by market capitalisation > > Top 4 Corporate Bank in Asia 1 > > Among the highest rated banks globally having retained an AA band credit rating with all three major ratings agencies > > Over 47,000 staff serving 10 million retail, commercial and institutional customers > > Presence in 33 markets across Asia Pacific, Australia, New Zealand, Europe, America and the Middle East > > Rated the world's most sustainable bank in the Dow Jones Sustainability Index 2013 > > One of the five largest listed companies in Australia, with market capitalization of AUD85 billion as of September 2013 > > #1 Most Sustainable Bank Globally 2 1 Greenwich 2013 Asian Large Corporate Banking Survey 2 Dow Jones Sustainability Index 2013

5 INTRODUCING ANZ FOREIGN EXCHANGE 5 5 EMERGING MARKETS OPPORTUNITIES Emerging markets will continue to drive global growth in the coming years. Hence, knowing the peculiarities of these currencies and how to best deal in them is instrumental for successfully transacting in these markets. This guide provides a comprehensive overview of emerging markets regulations, market conventions and key facts to help you make the most of the opportunities that emerging markets currencies offer. WHY ANZ FOREIGN EXCHANGE? With our super regional footprint, distinguished research capability and true global coverage, ANZ is uniquely positioned to support your emerging markets foreign exchange activities. Our strong and growing presence in Asian and emerging markets means that no matter which currency markets you operate in, our multinational team can provide the insights and solutions you need to succeed. OUR STRENGTH IN ASIA AND EMERGING MARKETS A long established player in Australia, New Zealand and the Pacific, ANZ is building on its super regional strategy with a comprehensive range of operations in emerging countries, particularly in Asia. Our strong presence in 29 Asia Pacific economies, including the fast growing markets of China, India, Indonesia and the Greater Mekong, underscores our aspiration to be the best connected bank across the region for our clients. Since our last Emerging Markets FX Guide we have added three new currencies to our emerging markets coverage Mongolian Tughrik, Lao Kip, Cambodian Riel and added new FX products in our Pacific offering. ANZ'S SUPER REGIONAL ACCOLADES Asiamoney FX Poll 2013 > > #1 FX Provider in Asia Pacific as voted by Financial Institutions > > #1 Foreign Provider for FX Products and Services, and FX Research & Market Coverage, Vietnam, as voted by Corporates > > #1 Foreign Provider for FX Research & Market Coverage, Korea, as voted by Corporates > > #1 Foreign Provider for FX Options, Philippines, as voted by Corporates > > #1 Domestic Provider of FX Services, Australia, as voted by Financial Institutions and Corporates Euromoney FX Survey 2013 > > #1 for Asia Timezone Client Service FX Week Best Bank Awards > > Best Bank for the Australian Dollar Asiamoney Fixed Income Poll 2013 > > #1 Regional Best Team for Asian Macroeconomic Research AsiaRisk Commodity Rankings 2013 > > #1 for Gold PRODUCT CAPABILITIES Our goal to be a super regional bank is about creating new opportunities for our clients through our global products and services. Our foreign exchange capabilities extend across the full product suite: from FX spot, forward and options products in all major investment-grade currencies, to a comprehensive range of foreign exchange instruments on emerging markets currencies (including non-deliverable products). Speak to ANZ about how you can take advantage of our complete product offering on a 24/5 basis.

6 ASIA ASIA 6 CAMBODIAN RIEL KHR Deliverable and freely convertible by registered onshore firms. No restrictions. Offshore entities cannot deal local currency /NDFs FX forwards and FX swaps with maturities up to three years are freely available for hedging purposes for locally registered firms 8:00am 4:00pm Phnom Penh time USD15 million onshore spot

7 ASIA 7 CHINESE YUAN (RENMINBI) CNY /Swaps NDFs Deliverable spot is only available with documentary proof of an underlying transaction. Offshore entities can transact CNY for trade settlement purposes China s central bank (The People's Bank of China) maintains the currency in a managed float with reference to a basket of currencies. In the interbank market, the daily trading band of the CNY against the USD is +/- 2.0% FX forwards and swaps with maturities up to five years are available to onshore institutions to their FX exposure Non-deliverable forwards (NDFs) trade up to 12 months. NDFs are only available in offshore markets to offshore entities. PRC onshore entities are prohibited from dealing in NDFs Longer tenors possible but illiquid Crosses available against AUD, NZD and other major currencies Please check with your ANZ FX representative for the fixing convention please consult your ANZ FX representative prior to any transactions to onshore with proof of documents. Please consult your ANZ FX representative prior to any transactions larger parcels available Fixing Time Publication Site Publication Time Additional Comments Options 9:15am Beijing time Reuters SAEC Bloomberg NDFF Fixing two days prior to maturity/value date Fixing by PBoC Onshore options available only to onshore clients with trade related transactions. Restrictions applied on available option types, please consult your ANZ FX representative for details Offshore non-deliverable options (NDOs) available. NDOs are only available in offshore markets to offshore entities. PRC onshore entities are prohibited from dealing in NDOs Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money larger parcels available

8 ASIA 8 CHINESE YUAN (RENMINBI) CNY (CONTINUED) Fixing Convention Currency pairs including: USD/CNY, AUD/CNY, EUR/CNY, GBP/CNY, JPY/CNY NDO cash settles to NDF Fixing 9:00am 5:00pm Beijing time USD1 2 billion NDF USD15 billion onshore spot

9 ASIA 9 CHINESE YUAN (OFFSHORE RENMINBI) CNH Renminbi deliverable in Hong Kong (aka CNH) is available for three types of transactions: (1) for personal RMB business, (2) for trade purposes, and (3) for general purposes The transfer of RMB between Hong Kong and onshore is subject to regulations and approval by mainland authorities. Please consult your ANZ FX representative Options CNH deliverable offshore forwards are available up to three years, illiquid over three year Longer tenors possible but illiquid Market less liquid outside of local hours Quoted up to three years Settlement: T+2 Currency pairs including: USD/CNH, AUD/CNH, EUR/CNH, GBP/CNH, JPY/CNH, NZD/CNH Cut Convention 11:00am Hong Kong time 9:00am 5:00pm Hong Kong time USD10 billion spot

10 ASIA 10 HONG KONG DOLLAR HKD Freely convertible trading band Linked to USD trading within a band of Options Deliverable forwards up to two years Ample liquidity generally available Quoted up to two years Settlement: T+2 Currency pairs including: USD/HKD, AUD/HKD, EUR/HKD, GBP/HKD, JPY/HKD, NZD/HKD, CHF/HKD, CAD/HKD, SGD/HKD Cut Convention 3:00pm Tokyo time 9:00am 5:00pm Hong Kong time USD5 billion spot

11 ASIA 11 INDIAN RUPEE INR Market participants are able to buy INR freely from any bank for transactions approved under the Foreign Exchange Management Act (FEMA). Approval is not required for most current account transactions. However, some types of transactions are subject to limits, where approval from the Reserve Bank of India (RBI) is necessary Selling lnr is restricted please consult your ANZ FX representative prior to transacting /NDFs Fixing Time Publication Site Publication Time Additional Comments Options Fixing Convention Onshore and offshore entities can access the local forward market, provided these contracts are used to cover genuine foreign exchange exposure Offshore non-deliverable forwards (NDFs) quoted up to 12 months Please check with your ANZ FX representative for the fixing convention Anytime between 11:45am 12:15pm Mumbai time, two days prior to maturity/value date Reuters page RBIB Bloomberg NDFF Two days prior to maturity/value date Fixing by bank poll Onshore options available Market liquid up to one year Longer tenor options are also quoted Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/INR, AUD/INR, EUR/INR, GBP/INR, JPY/INR, NZD/INR NDO cash settles to NDF fixing 9:00am 5:00pm Mumbai time USD1.5 billion NDF USD10 billion onshore spot

12 ASIA 12 INDONESIAN RUPIAH IDR /NDFs Non-convertible currency. IDR spot is only available onshore. Non-residents may only transfer funds in exceptional circumstances. Documentary evidence is required for buying foreign currency in excess of USD100,000 or equivalent in a month. Documentary evidence is required from non-residents selling foreign currency in excess of IDR500 million in a day There is an onshore forward market where market participants can buy IDR freely. Non-residents are allowed to sell USD forwards, with supporting documentation required. Documentary evidence threshold applies to forwards also Offshore non-deliverable forwards (NDFs) are quoted up to five years Onshore products are not covered by the deposit insurance scheme and offshore NDFs is only available through ANZ Banking Group please consult your ANZ FX representative prior to any transactions please consult your ANZ FX representative prior to any transactions Fixing Time Publication Site Publication Time Options 11:00am Singapore time Reuters page JISDOR Bloomberg NDFF 11:00am Singapore time Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/IDR, AUD/IDR, EUR/IDR, GBP/IDR, JPY/IDR, NZD/IDR Fixing Convention NDO cash settles to NDF fixing 9:00am 5:00pm Singapore time USD1.5 billion NDF USD1 billion onshore spot

13 ASIA 13 (SOUTH) KOREAN WON KRW Residents may sell/buy KRW; non-residents may hold KRW locally through bank accounts with some restrictions regarding deposits and disposal of funds onshore only Deliverable forwards possible Need a documented underlying exposure transaction onshore only NDFs Non-deliverable forwards (NDFs) quoted up to 12 months Longer tenors possible but illiquid Crosses available against AUD, NZD and other major currencies Please check with your ANZ FX representative for the fixing convention Fixing Time Publication Site Publication Time Options Fixing two days prior to maturity 3:10pm Seoul time [Sometimes called Calculation day (valuation) or MAR day ] A weighted average of calculation/valuation/mar day Market Average Rate [MAR] Reuters page KFTC18 Bloomberg NDFF Two days prior to maturity/value date Onshore options available only to onshore clients Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/KRW, AUD/KRW, EUR/ KRW, GBP/KRW, JPY/KRW, NZD/KRW Fixing Convention NDO cash settles in USD to NDF fixing 9:00am 3:00pm Seoul time USD5 billion NDF USD12 billion onshore spot

14 ASIA 14 LAO KIP LAK Available for onshore clients Other currencies: USD, THB, CNY, IDR, PHP, SGD, EUR, AUD, JPY 8:00am 4:00pm Vientiane time USD4 million onshore spot

15 ASIA 15 MALAYSIAN RINGGIT MYR Trading is restricted; offshore entities have limited access to the onshore spot market Documentation is required Please consult your ANZ FX representative /NDFs FX forward transactions are allowed for hedging purposes only, or else investors have to execute in the offshore non-deliverable forward (NDF) market Onshore forwards available through partner AmBank Group NDFs up to 12 months Longer tenors possible but illiquid Crosses available against AUD, NZD and other major currencies Please check with your ANZ FX representative for the fixing convention Fixing Time Publication Site Publication Time 11:10am Kuala Lumpur time. Fixing is two days prior to maturity/value date Reuters page MYRFIX= Bloomberg NDFF 11:10am Kuala Lumpur time, two days prior to maturity/ value date Options Onshore deliverable options available - through partner AmBank Group Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/MYR, AUD/MYR, EUR/MYR, GBP/MYR, JPY/MYR, NZD/MYR Fixing Convention NDO cash settles to NDF fixing 8:00am 12:00pm and 2:00pm 5:00pm Kuala Lumpur time USD800 million NDF USD1 1.2 billion onshore spot

16 ASIA 16 MONGOLIAN TUGHRIK MNT MNT is a free floating currency. A Foreign Exchange Auction is used as a policy instrument by Bank of Mongolia (BOM) to improve the transparency and efficiency of the foreign exchange market. The BOM holds foreign exchange auctions on Tuesdays and Thursdays. Eligible bidders of the auction are domestic commercial banks only Please consult your ANZ FX representative /NDFs Not currently available No non-deliverable forward (NDF) market Options Not currently available No Dealing Hours 9:00am 5:00pm Ulan Bator time Daily turnover of approximately USD100 million Can be illiquid, as auctions to provide liquidity are only held on Tuesdays and Thursdays No

17 ASIA 17 PHILIPPINE PESO PHP PHP remains only partially convertible and transactions are limited to trade related transactions and registered investments please consult your ANZ FX representative /NDFs Fixing Time Publication Site Publication Time Additional Comments Options Fixing Convention Limitations to trading in onshore forwards similar to FX spot Offshore non-deliverable forwards (NDFs) quoted up to 12 months Longer tenors possible but illiquid Crosses available against AUD, NZD and other major currencies Please check with your ANZ representative for the fixing convention 11:30am Manila time Fixing on Reuters PDSPESO Bloomberg NDFF One day prior to maturity/value date Weighted average of AM trades from 9:00am to 11:30am dealt in the Philippine dealing system Onshore options available only to onshore clients with trade related transactions Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+1 At expiry, options are automatically exercised if in the money Currency pairs including: USD/PHP, AUD/PHP, EUR/PHP, GBP/PHP, JPY/PHP, NZD/PHP NDO cash settles to NDF fixing 9:00am 12:00pm and 2:00pm 4:00pm Manila time USD750 million NDF USD600 million 1 billion onshore spot

18 ASIA 18 SINGAPORE DOLLAR SGD Freely convertible NDFs Options Deliverable forwards up to two years Ample liquidity generally available Banks in Singapore cannot lend SGD to offshore financial institutions due to MAS restrictions (MAS 757) Lending includes FX swaps Offshore market no restrictions Onshore and offshore curves can diverge due to the regulation Delivery forwards up to two years Quoted up to two years Settlement: T+2 Currency pairs include: USD/SGD, AUD/SGD, EUR/SGD, GBP/SGD, JPY/SGD, NZD/SGD, CAD/SGD Cut Convention 3:00pm Tokyo time 8:00am 5:00pm Singapore time USD3 billion spot

19 ASIA 19 NEW TAIWAN DOLLAR TWD Supporting is required for any amount over onshore only TWD500,000 /NDFs Onshore forwards are available with restrictions similar to FX spot. TWD trades in the offshore market as USD settled non-deliverable forwards All onshore TWD (both buying and selling TWD) FX contracts require supporting documents to prove to Central Bank of China (CBC) the customer s genuine need for entering into the deal. Offshore entities cannot access onshore market Rollover could not use the original price but the market price at the time of rollover Non-deliverable forwards (NDFs) quoted up to 12 months Longer tenors possible but illiquid For NDF, counterparty should be restricted to Financial Institutions Rollover and early termination are not allowed Margin trading is not allowed Cash net settlement only at maturity date Crosses available against AUD, NZD and other major currencies Please check with your ANZ FX representative for the fixing convention onshore only Fixing Time Publication Site Publication Time Additional Comments 11:00am Taipei time Fixing on Reuters s page TAIFX1 Bloomberg NDFF Two days prior to maturity Fixing rate is the last traded rate before 11:00am

20 ASIA 20 NEW TAIWAN DOLLAR TWD (CONTINUED) Options Onshore options available only for residents with restrictions Counterparty should be Corporate Plain vanilla only, exotic is not allowed Offshore non-deliverable options (NDOs) available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/TWD, AUD/TWD, EUR/TWD, GBP/TWD, JPY/TWD, NZD/TWD - onshore only, NDOs not offered by ANZ Taiwan Fixing Convention NDO cash settles to NDF fixing 9:00am 12:00pm and 2:00pm 4:00pm Taipei time USD1.5 billion NDF USD800 million onshore spot

21 ASIA 21 THAI BAHT THB THB is a free floating currency with segregated domestic and offshore markets. Generally, THB is deliverable (onshore and offshore) and only the net size of the THB offshore holdings are restricted There are no general restrictions against a non-resident (offshore counterpart) entering into a spot FX transaction with a bank in Thailand. For any onshore FX transaction (for conversion of our USD funds to THB), this has to be carried out with an authorised bank in Thailand and has to fulfil the requirement for permitted transactions (otherwise Bank of Thailand (BoT) approval would be required). Permitted transactions include FX spot (regardless of underlying asset) and forward transactions, if there is an underlying asset. When meeting these conditions THB can be traded freely (buy and sell THB), without BoT approval Options Separate onshore and offshore deliverable forward markets exist, due to restrictions preventing forward USD purchases onshore without underlying assets. Cash settled/offshore products typically refer to the onshore fix Offshore deliverable options are also available Quoted up to two years Settlement: T+2 At expiry, options are automatically exercised if in the money Currency pairs including: USD/THB, AUD/THB, EUR/THB, GBP/THB, JPY/THB, NZD/THB offshore only Fixing Convention Settlement: T+2 Cut Convention Settlement 3:00pm Tokyo time 8:00am 5:00pm Bangkok time USD 1 billion spot Through NRBA account only

22 ASIA 22 VIETNAMESE DONG VND Non-convertible State Bank of Vietnam (SBV) sets the daily reference USD/VND exchange rate onshore only Deliverable / Swaps Publication Site trading band for USD/VND is currently set at +/- 1% of the reference rate Foreign currency buying must be supported by a legitimate purpose Offshore clients can transact spot VND with onshore banks for legitimate purposes Maximum tenor up to one year Offshore clients cannot access the onshore deliverable forwards/swaps market Reuters page VNDFIX=VN Options Not possible No Non-deliverable Can be quoted on a case-by-case basis using onshore fixing 9:00am 12:00pm and 1:30pm 5:00pm Hanoi time USD700 million onshore spot market USD1,500 million onshore swap market onshore only offshore

23 PACIFIC PACIFIC 23 FIJI DOLLAR FJD Convertible subject to liquidity. Quote limit is approximately FJD1 million during trading hours Only approved transactions under exchange control act Deliverable forwards are liquid up to 12 months Sales of FJD to clients are not restricted Purchases of FJD from clients are regulated by the Reserve Bank of Fiji refer to your ANZ FX representative Longer tenors subject to availability Options Product not available No Not limited to mentioned limits. Reserve Bank of Fiji will consider Investment Related Projects 9:00am 4:00pm Fiji time/settlement T+2 please consult your ANZ FX representative USD10 million

24 PACIFIC 24 PAPUA NEW GUINEA KINA PGK Options Can freely purchase PGK Sale of PGK requires documentation as per Exchange Control Deliverable forwards up to 12 months Longer tenors on request subject to liquidity Plain vanilla options available only to onshore clients Currency pairs: Main currencies (USD, AUD, NZD, EUR, GBP, JPY) all against PGK Quoted up to 12 months Illiquid interbank market accessed by authorised dealers only. No speculative transactions allowed. The traded related transactions does not require tax clearance. Non trade transactions require tax clearance from PNG's Internal Revenue Commission please consult your ANZ FX representative 9:00am 4:00pm PNG time. After hours pricing on request please contact your ANZ FX representative Market turnover approximately USD60 million per day. Transactions over USD10 million may need to be dealt on a per order basis

25 PACIFIC 25 SOLOMON ISLANDS DOLLAR SBD Limited to in-country liquidity SBD purchases need approval from the Central Bank of Solomon Islands (CBSI) for amounts above SBD100,000. No restrictions apply to SBD sales however limited ability to transact after cut off time i.e. 3:00pm Solomon Islands time, 12:00pm Singapore time, with deals restricted to USD1 million in AUD and USD require CBSI approval on 'forward rate' before ANZ can proceed to confirm deal with customer Advice of the Forward Exchange Contract (FEC) and forward rate quotes is ed to CBSI by ANZ; we receive approval from CBSI, before we can proceed to confirm deal back to customer No CBSI approval is required to deal forwards in other currencies against SBD Options Product not available No 9:00am 3:00pm Solomon Islands time USD1.5 million spot. Limited liquidity please contact your ANZ FX representative, but only for SBD sales with maximum tenor out to one year. Limited liquidity for longer terms, maximum deal size USD1 million outside dealing hours but restricted to SBD sales

26 PACIFIC 26 TONGAN PA ANGA TOP Only trade related FX deals are permitted with Exchange Control documentation required TOP/USD regulated by National Reserve Bank of Tonga (NRBT) Any purchase of TOP > 100,000 requires NRBT approval No restrictions on sale of TOP Deliverable forwards are liquid up to 12 months Longer tenors possible but illiquid Market illiquid outside of local hours Options Product not available No 9:00am 3:00pm Tonga time TOP/USD spread is regulated by the NRBT NRBT can only cover spot deal transactions NRBT cut off time is 3:00pm Tonga time USD2 million spot during our ANZ trading hours, with no quotes after hours

27 PACIFIC 27 VANUATU VATU VUV Convertible subject to in-country liquidity Deliverable forward transactions available but subject to liquidity Maximum tenor for six months Longer tenor on request and subject to liquidity Options Product not available No Dealing Hours 9:00am 4:00pm Vanuatu time Market turnover approximately USD1.5 million per day No exchange controls from the Reserve Bank of Vanuatu

28 PACIFIC 28 SAMOA TALA WST WST/USD fixed and regulated by Central Bank of Samoa and is fixed from 9:00am 4:30pm Samoa time Central Bank and Exchange Control regulates all outflow of funds Import trade transactions > WST10,000 must provide supporting documentation or a central bank approval All WST or USD funds leaving the country for the purposes of profit/dividend repatriation or of a capital nature, must have Central Bank of Samoa approval Deliverable forward transactions available Maximum tenor of six months Longer tenor on request and subject to liquidity Import trade transactions > WST10,000 must provide supporting documentation or a central bank approval All WST or USD funds leaving the country for the purposes of profit/dividend repatriation of capital nature must have Central Bank of Samoa approval Options Product not available No 9:00am 3:30pm Samoa time No transaction after 3:30pm Samoa time estimation WST10 million

29 EMERGING EUROPE, MIDDLE EAST AND AFRICA EEMEA 29 CZECH KORUNA CZK Freely convertible please contact your ANZ FX representative Deliverable forwards up to 12 months Longer tenors possible but illiquid Market less liquid outside of local hours 8:00am 4:00pm London time USD1 2 billion spot HUNGARIAN FORINT HUF Freely convertible please contact your ANZ FX representative Deliverable forwards up to 12 months Longer tenors possible but illiquid Market less liquid outside of local hours 8:00am 4:00pm London time USD1 2 billion spot

30 EEMEA 30 ISRAELI SHEKEL ILS Freely convertible may decrease on Fridays when domestic banks close early Deliverable forwards possible up to 12 months Longer tenors possible but illiquid Market is most liquid during local spot hours 8:00am 6:00pm Tel Aviv time Fridays only half day USD1 2 billion spot KUWAITI DINAR KWD Freely convertible Best during local market hours Deliverable forwards possible up to 12 months Market less liquid outside of local hours 8:00am 5:00pm Kuwait time

31 EEMEA 31 POLISH ZLOTY PLN Freely convertible please contact your ANZ FX representative Deliverable forwards up to 12 months Longer tenors possible but illiquid Market less liquid outside of local hours 8:00am 4:00pm London time USD3 4 billion spot

32 EEMEA 32 QATARI RIYAL QAR QAR is fully convertible with market transactions primarily for commercial purposes Offshore forward market quotes up to 12 months Longer tenors possible but illiquid There is no clearing on Fridays and Saturdays ROMANIAN LEU RON RON is fully convertible and deliverable. There is good No liquidity when the local market is open Deliverable forwards are fairly liquid, although liquidity is highly dependent on local conditions No

33 EEMEA 33 RUSSIAN ROUBLE RUB NDFs Freely convertible lntraday turnover has contracted from USD15 billion to USD5 billion Check with your local ANZ representative for the local settlement conventions Managed float vs. basket composed of approximately 55% USD and 45% EUR Deliverable forwards up to 12 months Longer tenors possible but illiquid Market less liquid outside of local hours While still favoured by clients, the non-deliverable forward (NDF) market currently represents only 5% of interbank RUB market Crosses available against AUD, NZD and other major currencies at 12 month tenors Check with your ANZ FX representative for the fixing convention Please consult your ANZ FX representative prior to any transactions Fixing Time Publication Time Publication Site 12:00pm 12:25pm Moscow time. EMTA RUB industry survey rate one day prior to maturity/value date 12:30pm 1:00pm Moscow time one day prior to maturity/value date 7:00am 3:00pm London time USD7 9 billion in NDF and spot

34 EEMEA 34 SAUDI ARABIAN RIYAL SAR Freely convertible please contact your ANZ FX Pegged to the USD at representative are liquid up to 12 months Longer tenors possible up to two years but illiquid Market less liquid outside of local hours Market is most liquid from 8:00am 5:00pm Jeddah time USD1 2 billion spot SOUTH AFRICAN RAND ZAR Freely convertible offshore There is a well-developed forward market for ZAR. The currency is deliverable and traded even in longer tenors, though the best liquidity is in tenors of two years or less 8:00am 3:00pm London time USD2 3 billion spot

35 EEMEA 35 TURKISH LIRA TRY Freely convertible USD/TRY spot T+1 EUR/TRY spot T+2 TRY forwards trade on a deliverable basis with non-residents granted unrestricted access to the local market. The best liquidity is in tenors of two years or less 7:00am 3:30pm London time USD2 3 billion spot UAE DIRHAM AED Freely convertible Pegged to USD at Deliverable forwards possible up to 12 months Tenors possible up to two years but illiquid Market less liquid outside of local hours 8:00am 2:00pm London time There is no clearing on Fridays and Saturdays USD500 million 1 billion spot

36 LATIN AMERICA LATAM 36 BRAZILIAN REAL BRL BRL is a floating currency but not fully convertible FX spot transactions can only be carried out onshore and must be registered with the central bank No /NDFs Onshore forwards are heavily restricted. In the offshore market non-deliverable forwards (NDFs) are commonly traded and the market is generally liquid, with the best liquidity in tenors up to 12 months and concentrated during New York hours No. ANZ can quote offshore FWDs via NDFs Fixing Time Publication Site Publication Time The valuation takes place two business days in advance of the settlement date, and is seen on screen after the market closes that day Fixing page on Reuters BRLPTAX=CBBR, at 1:00pm Sao Paulo time Two days prior to maturity/value date Most liquid during outcry hours: 8:00am 11:00am, 12:30pm 2:00pm Electronic trading hours: 7:00am 8:00am, 11:00am 12:30pm After hours session: 2:45pm 4:00pm All New York time USD15 20 billion (Onshore spot+ndf+bmf)

37 LATAM 37 CHILEAN PESO CLP CLP is a floating non-deliverable currency Restrictions apply please consult your FX spot transactions can only be carried out onshore ANZ FX representative /NDFs A conventional onshore forward market exists, but is only available to residents. In the offshore market, CLP can only be traded via non-deliverable forwards (NDFs) Offshore NDF liquid up to 12 months; longer tenors available but less liquid Fixing Time Publication Site Publication Time Additional comments Fixing takes place two business days before settlement day Reuters USDCLPFIX=BCCH Fixing announced day after fixing date Fixing through Central Bank Observado rate on Reuters USDCLPFIX=BCCH 9:00am 1:30pm New York time (EST) USD million NDF USD1.2 billion onshore spot

38 LATAM 38 COLOMBIAN PESO COP Banco de la República, the Colombian central bank, operates a managed float currency regime and COP trades on a strictly non-deliverable basis in the offshore market No Non-deliverable forwards are traded both onshore and offshore Offshore non-deliverable forward (NDF) liquid up to 12 months; longer tenors available but less liquid offshore NDFs Fixing Time Publication Site Publication Time Additional comments Fixing takes place two business days before settlement day Reuters page CO/COL03 Announced day after fixing day Rate published by Banco de la República 9:00am 2:00pm New York time (EST) USD million NDF/USD million onshore spot MEXICAN PESO MXN MXN offers the only fully deliverable spot and forward market offshore in Latin America. Foreign institutions are allowed to participate in spot trading of MXN. Local regulation allows only domestic entities to trade MXN onshore There are no restrictions for foreign entities to operate MXN instruments offshore. The market is open to forward and swap operations Good liquidity up to 12 months 8:00am 4:00pm New York time (EST) Traded globally 24 hours on limited liquidity USD14 17 billion spot

39 LATAM 39 PERUVIAN NEW SOL PEN PEN is fully convertible with no restrictions on trading FX, although the market is not particularly deep due to a limited number of participants No /NDFs Fixing Time Publication Site Publication Time Additional comments In Peru, the onshore market consists of deliverable forwards and non-deliverable forwards (NDFs). While the offshore market is mainly traded via NDFs, deliverable forwards are negotiable. Please consult your ANZ FX representative The most liquid maturities in NDFs are those with shorter tenors, up to 12 months Fixing takes place two business days before settlement day Reuters page PEBCR05 Announced one day prior to settlement day Fixing, weighted average rate of whole day 10:30am 2:30pm New York time (EST) USD million NDF USD million onshore spot Offshore FWDs via NDFs only

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