EMTA BRL INDUSTRY SURVEY (not currently quoted)
In early 2004, EMTA made available to the marketplace a rate quotation service for the BRL/USD exchange rate (the "EMTA BRL Industry Survey"). This survey was designed as a back-up rate quotation service to be initiated at the request of EMTA members in the event the primary rate quotation is not available due to a market disruption.
Pursuant to the BRL Industry Survey Methodology, once initiated, the BRL Industry Survey will operate for a period of 10 consecutive Business Days in Brazil (a "Survey Period"). For purposes of the Survey, a "Brazil Business Day" means a day that banks are open for business in any of Rio de Janeiro, Brasilia and São Paulo. Sequential Survey Periods may be activated.
EMTA and its service provider, Thomson Reuters, disclaim liability for the EMTA BRL 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).
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