| Participating Banks and Quotes | Historical Rates |
| Survey Methodology dated July 10, 2001 | Request for CME/EMTA ARS Industry Survey |
| Methodology Reminder dated January 28, 2002 |
In early 2002, following the unavailability of the Argentine Official Rate, the Chicago Mercantile Exchange (CME) and EMTA began to publish a daily ARS/USD exchange rate quotation (the "CME/EMTA ARS Industry Rate”) as a back-up rate quotation for settlement of the ARS/USD NDF/NDO contracts. Effective January 2, 2003, following a consensus of market participants, the revised and renamed EMTA ARS Industry Survey Rate was formally adopted as the primary settlement rate option in the EMTA Template Terms for ARS Non-deliverable Foreign Exchange Transactions and this rate now appears on EMTA's website as the "EMTA ARS Industry Survey".
CME and EMTA disclaim liability for the CME/EMTA ARS Industry Survey Rate, and no representation or warranty, express or implied, is made concerning the rate (including, without limitation, the methodology for its determination and its suitability for any particular use).