Fiscal Year 2022 Application for position as JBA TIBOR Reference Bank

October 1, 2021

General Incorporated Association JBA TIBOR Administration

On April 1, 2014, JBA TIBOR Administration ("JBATA") commenced the "JBA TIBOR (Tokyo Interbank Offered Rate)" calculation and publication operations, which was transferred from the Japanese Bankers Association ("JBA"). JBATA has been calculating and publishing the "Japanese Yen TIBOR" and "Euroyen TIBOR" (hereinafter referred as "JBA TIBOR") since then.

JBA TIBOR Operational Rules (Appendix A) Article 35 provides that JBATA shall recruit and select reference banks for rate submissions every year, taking into account factors such as market trading volume (trading volume in the Japanese unsecured call money market for Japanese Yen TIBOR or the volume in the Japanese Offshore Market for Euroyen TIBOR).

In order to be newly selected as a reference bank, establishment of internal rules including provisions pertaining to the matters set out in paragraphs (1) to (12) described in JBA TIBOR Code of Conduct ("Code of Conduct") will be required. Furthermore, compliance to the Code of Conduct will need to be examined by JBATA.

Upon understanding of these requirements, if you wish to be selected as a reference bank, please review and agree with the four statements on the second page of Appendix 1. Then, please submit Appendix 1,Appendix 2,Appendix 3 and Appendix 4 to JBATA by registered mail (※1) or e-mail as electronic files (Word, PDF) (※2)) to be delivered no later than noon on Friday, December 17, 2021.

In the selection process, after examining the submitted documents, JBATA will inform you of the results by the end of March, 2022. Please be advised that any information submitted to JBATA will be kept under the strictest confidentiality.

Further, please be informed that once you are selected as a reference bank, submitting rates to JBATA, you will be required to pay utmost attention to avoid engaging in any activities, which may constitute a violation of the Antimonopoly Law and Financial Instruments and Exchange Act (See Attachment 3 of JBA TIBOR Code of Conduct).

(Appendix A) JBA TIBOR Operational Rules
(Appendix B) JBA TIBOR Code of Conduct
(Appendix 1) JBA TIBOR Reference Bank Application Form
(Appendix 2) Questionnaire regarding Japanese Yen TIBOR
(Appendix 3) Questionnaire regarding Euroyen TIBOR
(Appendix 4) Draft internal rules submission Form

(※1)Mailing address:

3-1, Marunouchi 1-chome,Chiyoda-ku, Tokyo

100-0005, Japan

JBA TIBOR Administration

(※2)E-mail address: