EFTA Document EFTA01379393

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Onshore MYR products FX spot Avg. ticket size: USD 5m Bid/Ask Spread: 20-40 pips (varies depending on market conditions) Avg. daily volume: USD 800mn Trading hours: 8:00am to 6.00pm, Kuala Lumpur/Singapore time EX Forward t,t,>:tt Ionct dataxi FX font:at:I Avg. ticket size: USD 50mn for below lweek, USD10m for term swaps Tenor: Up to 12 months Bid/ask spread: 10-40 pips Avg. daily volume: USD 2.0bn, approximately 80% of which is for below 1 week tenors FX option:, Avg. ticket size: USD 10mn Bid/ask spread: 1 vol Avg. daily volume: USD 10mn Fixing page: No fixing page for onshore Onshore CCS Avg. ticket size: USD 20mn Tenor: 1 - 10 years Bid/ask spread: 10 - 20bps Avg. daily volume: USD 20mn IRS ERA Liquidity: Fair Avg. ticket size: MYR 50mn Bid/ask spread: 5bp for 1 - 7Y, 10bp for > 7Y Avg. daily volume: USD 10-20K DVO1 Fixing page: Reuters page <KLIBOR>, 11.00am Singapore time Short term money market instruments (BA/CP/repot Liquidity: BNM is the key participant in the repo market. BNM uses the repo as a money market tool to manage liquidity. Avg. ticket size: CP: MYR 50mn; BA: MYR 0.5mn; Repo: MYR 50mn Bid/ask spread: 2 - 5bp Avg. daily volume: USD 200mn Page 30 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRI M. P. 6(e) DB-SDNY-0076833 CONFIDENTIAL SDNY_GM_00223017 EFTA01379393