Emerging Markets Rates and Currencies Handbook

FX Spot FX Forwards NDFs FX Options Interest Rate Swap Interest Rate Options XCCY swaps Market Overview Onshore Market   ✗ ✗ ✗ ✗  Offshore Market   ✗ ✗ ✗ ✗  Onshore Volume (MM USD Daily) N/A N/A N/A N/A N/A N/A N/A Limited liquidity, Offshore Volume (MM USD Daily) 20-40 50-100 N/A N/A N/A N/A fix-fix quotes available on RFQ basis Onshore Max Tenor (Or Typical T + 2 up to 6 months N/A N/A N/A N/A N/A Tenor For Spot) Offshore Max Tenor (Or Typical T + 2 2 years N/A N/A N/A N/A 2 years Tenor For Spot) Onshore Typical Deal Size (MM 2 - 5 10 - 25 N/A N/A N/A N/A N/A USD) Offshore Typical Deal Size (MM USD) 2 - 5 10 - 25 N/A N/A N/A N/A Limited liquidity, fix-fix quotes available on RFQ basis CitiFX Pulse Capabilities   ✗ ✗ ✗ ✗ ✗ Source: Citi indicative information Market opening hours and liquidity during the day Fixing No fix. Regulation Offshore Restrictions: Onshore entity (e.g. resident corporate) is permitted to transact FX with an offshore entity (e.g. offshore bank). Non-Resident Restrictions: Non-resident (e.g. non-resident corporate) is permitted to transact FX with an onshore entity (e.g. onshore bank). Requirements to open a foreign currency account No restrictions. Deal Management Rollover: Permitted. Unwinding: Permitted. Early Maturity: Permitted. Documentation Requirements No underlying documents are required – only settlement instructions. Trade Flows No local law documentation requirements. Capital Flow and FDI No local law documentation requirements. Qatar Financial Center Tower 1, 9th Floor, P.O. Box 20672, West Bay, Doha Qatar FX Sales Contact: +9714 604 0111