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FX

FX

In the event of a dispute around spot FX rates, the rate should be obtained using the default BGN. Bloomberg FX Generic source, and should be using the number of decimal places displayed on the screen (which is 5 characters, e.g. 12.345 or 1.2345). Between any American or European currencies - Close of business previous day. Between any American or European currencies and Asia Pacific currencies - Close of business previous day. Between any Asia Pacific currencies - Close of business same day. Where appropriate prices should be rounded UP to the nearest cent. For UK assets, both bonds and equities, the CREST closing prices will supersede all other price sources including Bloomberg and Reuters. (IBP-129 UNDER ISLA REVIEW)

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