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EMTA ARS Indicative Survey

EMTA ARS INDICATIVE SURVEY (not currently quoted)

Today's Rate Historical Rates
Participating Banks and Quotes Survey Methodology dated January 2, 2003

The EMTA ARS Indicative Survey is intended to be activated in times of market disruption following the failure of the ARS Industry Survey to produce a rate for a period of not less than 30 consecutive calendar days.

EMTA disclaims liability for the EMTA ARS Indicative 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).