Emerging Markets Rates and Currencies Handbook

140 Citi | Emerging Markets Currencies Handbook 2021 Source: Citi indicative information FX Spot FX Forwards NDFs FX Options Interest Rate Swap Interest Rate Options XCCY swaps Market Overview Onshore Offshore Onshore volume (MM USD daily) 0.5 — 2 Marginal N/A N/A N/A N/A N/A Offshore volume (MM USD daily) Marginal Marginal N/A N/A N/A N/A N/A Onshore max tenor (or typical tenor for spot) T + 2 1 year N/A N/A N/A N/A N/A Offshore max tenor (or typical tenor for spot) T + 2 1 year N/A N/A N/A N/A N/A Onshore typical deal size (MM USD) 0.25 — 1 0.25 — 1 N/A N/A N/A N/A N/A Offshore typical deal size (MM USD) 0.25 — 1 0.25 — 1 N/A N/A N/A N/A N/A CitiFX Pulse Capabilities Market opening hours and liquidity during the day 16.00 09.00 No Liquidity Moderate Liquidity Fixing (incl. ticker) No fixing available. Regulation Offshore restrictions There is no restriction for a local entity to trade/deal with an offshore entity. There is no restriction for an offshore entity to trade local currency with other offshore entities. Non-resident restrictions Non-resident (e.g. non-resident corporate) is permitted to transact FX with an onshore entity (e.g. onshore bank). License requirements License is not required for spot dealing. Requirements to open a foreign currency account There is no requirement to open foreign currency account. Deal Management Rollover: Yes. Settlement: Mark-to-mark at prevailing market rate or fixing of the day. Gross-settled/full-funds for FX spot. Unwinding: Yes. Settlement: Mark-to-mark at prevailing market rate or fixing of the day. Gross-settled/full-funds for FX spot. Early Maturity: Yes. Settlement: Mark-to-mark at prevailing market rate or fixing of the day. Gross-settled/full-funds for FX spot. Documentation Requirements Product specific No local law documentation requirements. Trade flows A license may be required depending on the nature of the trade (importation/exportation of goods/services). Capital flows/FDI A license may be required for capital flows, FDI and repatriation of funds. Citigroup Congo SA Coin des av. Colonel Lukusa et Ngongo Lutete B.P. 9999 Kinshasa — Gombe Republique Democratique du Congo FX Sales Contact: +2439 9603 0032 Czech Republic Democrati Republic of Congo Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources.