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   ✗ ✗ ✗ ✗ ✗  Bespoke hedge dependent Bespoke hedge dependent N/A Bespoke hedge dependent Bespoke hedge dependent Bespoke hedge dependent Offshore Market    ✗ ✗ ✗ Onshore Volume (MM 40 100 - 200 N/A N/A N/A N/A USD Daily) Offshore Volume (MM USD Daily) 40 – 50 30 - 50 Bespoke hedge dependent N/A N/A N/A Onshore Max Tenor (Or Typical Tenor T+2 1 year N/A N/A N/A N/A For Spot) Offshore Max Tenor (Or Typical Tenor T + 2 2 years Bespoke hedge dependent N/A N/A N/A For Spot) Onshore Typical Deal Size (MM 0.25 - 0.75 1 – 5 N/A N/A N/A N/A USD) Offshore Typical Deal Size (MM USD) 1 – 3 1 – 5 Bespoke hedge dependent N/A N/A N/A CitiFX Pulse Capabilities   ✗ ✗ ✗ ✗ ✗ Source: Citi indicative information Market opening hours and liquidity during the day The currency is relatively liquid; average daily FX interbank volumes at approx. $40mm. Fixing No fixing. Regulation Offshore Restrictions: No restrictions. Non-Resident Restrictions: No restrictions. License Requirements None. Requirements to open a foreign currency account Standard KYC documentation is required. Deal Management Rollover: No restrictions. Gross settled. Unwinding: No restrictions. Gross settled. Early Maturity: No restrictions. Gross settled. Documentation Requirements No local law documentation requirements. Trade Flows No local law documentation requirements. Capital Flow and FDI No local law documentation requirements. Additional Comments Citibank Uganda Ltd is regulated by Bank of Uganda Customer deposits are protected by the Deposit Protection Fund up to UGX 10Million, Terms and Condition Apply. Citibank Uganda Limited Centre Court, 4 Ternan Avenue Nakasero, P.O Box 7505 Kampala, Uganda FX Sales Contact: +2564 14 305552