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RECOMMENDATION BY SFEMC ON THE SETTLEMENT OF THAI BAHT (THB) TRANSACTIONS

20 September 2006

All Treasury Managers,

RECOMMENDATION BY SFEMC ON THE SETTLEMENT OF THAI BAHT (THB) TRANSACTIONS

Following the announcement of an unscheduled Bank Holiday in Thailand today, the Singapore Foreign Exchange Market Committee recommends that THB transactions for value today (20 Sep 06) be rolled over to value 21 Sep 06. It is also recommended that payments of all currencies related to these transactions be similarly made on value 21 Sep 06.

SINGAPORE FOREIGN EXCHANGE MARKET COMMITTEE


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