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1 P.2 NIRA SWIFTNet P.29 P.33 NIRA CP CP P.41 NIRA 1

2 NIRA CP() 2

3 Treasury Management Liquidity Management LM= Working Capital Treasury ManagementLiquidity Management Liquidity Management Liquidity Management Working Capital CM CM Cash MGMT 3

4 CIO Cash Management

5 Oracle 5

6 CMS 80 SweepCover 6

7 CMS CMS CMS CMS FX for Non-Resident Source: HSBC, Cash and Treasury Managemen t in Asia Pacific 1) Required Documentary Evidence for Genuine Investment Flow & Trade 2) Free Forex Forward, but Forex Swap must be Traded under the Rule of MAS757 3) Free Hedge Trade in the Case of Actual Requirements for Economic Activity 4) Required Permission of Central Bank

8 CM W/H Tax TreatyW/H Tax) VAT Thin Capitalization=Debt to Equity Ratio Stamp Duty CFC -Controlled Foreign Company- Legislation Transfer Pricing FX Regulation) Central Bank Regulation & Reporting Requirements 8

9 Tax Thin CapitalizationDebt to Equity Ratio CFC 2003 Tax Tax Tax

10 Cash Management Service Cash ConcentrationZBA,Sweep/Cover Notional PoolingInterest OptimizationCross- Guarantees Reference Account Structure with cross-border ZBAHSBC P.29 Cash Concentration Zero Balance Account Sweep Cover Sweep / Cover UFJ Cash Concentration Cash Concentration Tax 10

11 Tax Notional Pooling NotionalPooling 100 BIS Notional Pooling Notional Pooling Reference Account Structure with cross-border In-House Bank Reference Account Structure HSBC 11

12 In-House Bank EUNotional PoolingCash Pool SPV In-House Banking In-House Bank Notional Pooling Cash Pool HSBC HSBC HSBC IT ERP ERP LMS STP 12

13 ERP BPR ERP ERP ERP ERP ERP IT IT IT 10 IT ERP IT 10 IT IT SE ERP - 13

14 IT CIO ERP BPR CIO BPR ERP BPR BPR ERP ERP EDP SAP ERP SAP R/3 Enterprise 14

15 ERP CIO IT CIO ERP CIO ERP ERP SAP R/3 Enterprise ERP SAP OracleProActive SAP ERP ERP Made in Japan ERP IT 15

16 ITCMLM ---- BPR ERP Trema Finance Kit Trema Finance Kit ASPApplication Service Provider Trema Finance Kit ASP IT Trema Finance Kit 16

17 Trema TTrade0 CP Trema Cash Management Trema 17

18 CMSCash Management Service CM ITERPTreasury SystemCM Cash Management Total Solution Cash Management Service 18

19 MTUFJ MTUFJ 19

20 Notional Pooling 1998 Treasury Management 20

21 21

22 CP CP 21 Liquidity Management 22

23

24 In-House Bank 24

25 Market drivers for Market drivers for Trema 25

26 Integrated Platform TremaTrema Bank to basics 1992 TremaFinance kit GE 26

27 TremaSAP Trema Trema 27

28 NIRA 28

29 SWIFTNet ERP STP SWIFTNet 3. ERPTMS 1 SWIFTNet 400% ROI GE 1 Treasury Management System ERP 29

30 3 SWIFTNet STP 2 SWIFTNet Availability99.99 IP GE 400 ROI 2005 SIBOS General ElectricSWIFTNetSWIFT SWIFTNet EDI SWIFTNet 2 Straight Through Processing end-to-end 3 SWIFT CUG(MA-CUG ) 2 GE SWIFTNet SWIFT Japan torhu.yoshimi@swift.com MA-CUG 30

31 % SWIFTNet GE SWIFTNet + 400% -SWIFTNet 1, SWIFTNet SAP R/3 CFM corporate finance management module SWIFTNet SAP CFM Microsoft BizTalk Microsoft Office InfoPath SharePoint SWIFTNet SWIFT XML SWIFT A A GE SWIFT SWIFTNet ERP TMS SWIFTNet GE BP, France Telecom, Louis VuittonCargil SWIFT MA-CUG SWIFTNet SWIFTNet FIN FileAct ERP/TMS Arcelor ROI 31

32 600%SWIFTNet SWIFT SWIFTNet SWIFT MA-CUG

33 -- -- NIRA

34 3 34

35 No.1 35

36 96 36

37 () 65 37

38

39 12 39

40 NIRA

41 CP CP NIRA CPCP 1987CP 4 CP CP CP CP CP 1 CP 4 41

42 CP CP CP CP 2 CP CP CP CP () 1020CP CP T+2T+0 DVPCP CP CPCP 42

43 CP CP CP CPCP CP CP CP CPCP CP 0.1 bp CP CP CP CP20 CP 43

44 CP CP 364 T()0 CP CP T2 T0 CP CP CP CP CP CP 44

45 T 0()CP DVP CPCP DVPDVP CP 3 CP CashCP Cash 5 45

46 CP CP CP CP CP CP CP CP CP CP CP IT21 46

47 4 CP CP CP 364 CP CP IPA CP CP CPCP CP 5. CP 6 47

48 CP CP T2 (Trade Date) T1 CP T0 CP CP IT 6. CP CP CP IT CP DVP 48

49 RTGS CP CP CP IPA DVP CSD

50 CP CP IT CP CPCP60% 4CP 7. CP CP CP CP IPA 50

51 51

52 52

53 CP IPA CP 6 CP 2002 CP CP CP 53

54 CP CP CP CP CP MTN

55 CP CP CP CP 55

56 CP CP CP CPCP CP CP CP CP CP CP CP CP CP CP

57 CP 5 20 CP CP CP CP CP CP CP CP CP bp 100,000 ( 2005 ) ISIN 0 ( 2005 ) 0 ( 2005 ) 100 FOP 50 CP CP , bp , CP 13 4, ,000 CP

58 CP CP 5000 / 4, bp , , CP CP CP CP CP 58

59 CP IPA CP

60 CP CP CP CP CP H19P.24 IPA IPA 3 4 CP 60

61 CP IPA IPA CPU T+T+0 CP CP IPA IPA IPA CP 61

62 2005CPCP CPCPCP (:) 62

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