Emerging Markets Rates and Currencies Handbook

Convertibility Full convertibility. FX Spot FX Forwards NDFs FX Options Interest Rate Swap Interest Rate Options XCCY swaps Market Overview Availability of the instrument Volume (MM USD Daily)  1250 - 1750  750 - 1250 ✗ N/A  100 - 300  300-500  N/A  50 - 100 Max Tenor (Or Typical Tenor For Spot) T+2 2 years N/A 3 years 30y 5 years (10y maturity for swaption underlying swap) 30 years Typical Deal Size (MM USD) 25-50 50-100 N/A 20 - 40 50-75 5 — 20 50 -100 CitiFX Pulse Capabilities   ✗ ✗ ✗ ✗ ✗ Source: Citi indicative information Market opening hours and liquidity during the day Fixing Main fixing rate for ILS is Bank of Israel official rate, fixing sampled between 13.15 - 15.15 local time, published at 15.25 local time Monday-Thursday. Fridays sample 10.15 - 12.15 and published at 12.25. Published on Reuters: ILS2= (the last quote is the recent published rate). Also available on BOI web site: boi.org.il . Regulation Non-Resident Restrictions: No restriction. Offshore Restrictions: No restriction. License Requirements Licensing requirement apply for financial services. Client should be aware which Citi Legal Vehicle is executing the transaction. Requirements to open a foreign currency account For sub account opening we require signed letter request to open an additional subaccount under the Account opening documentation including for AML purposes will be required as part of the Base account opening process. The requirements to open an account are subject to local regulations and Citi’s procedures. Deal Management Rollover: Permitted, gross or net settled. Unwinding: Permitted, gross or net settled. Early Maturity: Permitted, gross or net settled. Documentation Requirements Phone instructions for FX transactions are granted based on the counterparty’s Board approval, required identification documents and name screening results. All pursuant to local law and Citi procedures. Trade Flows No local law documentation requirements. Capital Flow and FDI No local law documentation requirements. Citibank, N.A., Israel Branch Azrieli Sarona Building 121 Menachem Begin st, 17th floor Tel-Aviv 6701203 FX Sales Contact: +972 3684 2525 existing base. The letter should be signed according to customer BR by designate person that can sign on account opening docs.