Hong Kong Regulations

SECURITIES AND FUTURES (FINANCIAL RESOURCES) RULES - SCHEDULE 4

FINANCIAL COMMITMENTS

[sections 49 & 50]

TABLE 1

INTEREST RATE SWAP AGREEMENTS

Item Remaining term to maturity Percentage
%

1. Less than 3 months 0 2. 3 months or more but less than 1 year 0.05 3. 1
year or more but less than 2 years 0.1 4. Each year in addition to the period
referred to in item 3 0.1

TABLE 2

FOREIGN EXCHANGE AGREEMENTS

Item Description Percentage

1. The counterparty of the foreign exchange agreement is an authorized 
financial institution or an approved bank incorporated outside Hong Kong and
the remaining term to maturity is-

   (a)  less than 3 business days

   (b)  3 business days or more but less than 1 year

   (c)  1 year or more 0%
0.2%
0.5% where the remaining term to maturity of the agreement is less than 2
years, plus 0.3% for each additional full year after 1 year, subject to a
maximum of 5%

2. The counterparty of the foreign exchange agreement is a person other than a
person referred to in item 1 and the remaining term to maturity is-

   (a)  less than 3 business days

   (b)  3 business days or more 0%
5%