Emerging Markets Rates and Currencies Handbook

certificate of incorporation, constitution, and particulars of directors, managers and secretaries). Deal Management Rollover: Rollovers are permitted by performing mark-to- market at prevailing market rates and with net settlement. Supporting documents may be required. Unwinding: Permitted by performing mark-to-market at prevailing market rates with net settlement, subject to the following conditions: 1. A request to unwind a trade for any of the following reasons: i. erroneous bookings, ii. residual value cancellations arising from bank charges or similar, or iii. for trades which were hedged based on “anticipatory basis”, All requests must be in writing and by authorized signatories stating the reasons for the request and providing details of the account to be debited/credited: 2. Where the trade was entered into based on a “firm commitment” and the unwinding request is on the basis that the “firm commitment” no longer exists or is not materializing, documentary evidence of the fact must be provided prior to dealing. The request must be in writing and signed by authorized signatories stating the reasons for the request and providing details of the account to be debited/credited. 3. Where the trade was entered into based on a “firm commitment” and the client wishes to unwind the trade notwithstanding that the “firm commitment” still exists, documentary evidence of the fact must be provided prior to dealing. The request must be in writing and signed by authorized signatories stating the reasons for the request and providing details of the account to be debited/credited. 4. Where approval from BNM is required under the relevant foreign exchange policy (FEP) regulations for a trade, the BNM approval must be provided prior to the trade. Please see the following link for information on FEP rules: https: //www.b nm.gov.my/fep Early Maturity: Permitted. Early utilization/maturity of deals to be settled at historical rate, plus/minus swap points. Supporting documents may be required. Documentation Requirements For FX transactions (spot or forwards), the client should ensure that relevant documents are available for verification of compliance with Malaysia’s FEP regulations. This request (which may be a request from BNM for such documents) may be made after the maturity date of the foreign exchange contract. The supporting documents that will be requested will be based on Client Due Diligence (CDD). Documents may be requested prior to the entry into the trade, during the tenure of the trade or after the maturity of the trade. A LOB may require documentary evidence for any request to enter into, extend or cancel a foreign exchange contract. A LOB may cancel a foreign exchange contract if its client fails to provide the requested documentary evidence or the commitment fails to materialize. Capital Flow and FDI Capital flows/FDI are generally allowed into Malaysia, with some restrictions in certain sectors. Please speak to the onshore sales team for further guidance. Citi Malaysia Corporate Sales & Solutions, Citibank Berhad Level 43 Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur, Malaysia fxmalaysia@citi.com FX Sales Contact: +603 2721 8888 /+603 2383 6688