FEATURES Distributed by NEX Data and published at 15:15PM JST, the EBS JPY Benchmark provides a direct comparison between USD and JPY and acts as a reliable reference in what has fast become a growing global currency. The EBS JPY Benchmark employs an automated process using the primary OTC venue for JPY execution globally, EBS Market, to form an accurate reference rate, transparent to third parties. DESIGN PRINCIPLES • The only JPY Benchmark that uses rates from executed trades to calculate a transparent USD/JPY reference rate • The data is taken from the award-winning central limit order book - EBS Market • Benchmark rate is used to calculate the FX margin ratio by FFAJ. PUBLICATION • The EBS JPY Benchmark is published at 15:15PM JST. The EBS JPY Benchmark is the first JPY daily reference rate that supports accurate and transparent benchmarking in the global derivatives and currency markets. EBS JPY Benchmark All information contained herein (“Information”) is for informational purposes only, is confidential and is the intellectual property of NEX Group plc and/or one of its group companies (“NEX”). The Information is directed to Eligible Counterparties and Professional Customers only and is not intended for Retail Clients (as each term is defined by the rules of the Financial Conduct Authority ("FCA")) or equivalent in a relevant jurisdiction. This Information is not, and should not be construed as, an offer or solicitation to sell or buy any product, investment, security or any other financial instrument or to participate in any particular trading strategy. The Information is not to be relied upon and is not warranted, either expressly or by implication, as to completeness, timeliness, accuracy, merchantability or fitness for any particular purpose. All representations and warranties are expressly disclaimed. Access to the Information by anyone other than the intended recipient is unauthorised and any disclosure, copying or redistribution is prohibited without NEX’s prior written approval. If you receive this information in error, please immediately delete all copies of it and notify the sender. In no circumstances will NEX be liable for any indirect or direct loss, or consequential loss or damages including without limitation, loss of business or profits arising from the use of, any inability to use, or any inaccuracy in the Information. NEX and the NEX logo are trademarks of the NEX group. Certain NEX group companies are regulated by regulatory authorities. For further regulatory information, please see www.NEX.com. ©NEX Group plc 2017 FIND OUT MORE To find out more about this service email [email protected] or contact your local NEX Data office. EMEA US SINGAPORE HONG KONG W www.nexdata.com +44 20 7818 9911 + 1 212 704 5470 +65 6831 0991 +85 2 2878 6068 NEX-Data-EBS JPY-FS-050417 ©2016 NEX Data. A GROUP BUSINESS TERMS OF USE The EBS JPY Benchmark is free to use for personal, internal purposes and for non- commercial activity. All commercial usage and redistribution is subject to a licence. For further information, please see the Disclaimer on the website. GET IN TOUCH For information relating to the calculation of the benchmark please contact [email protected] For information relating to JPY on EBS please contact [email protected]. The EBS JPY Benchmark is used to calculate the foreign exchange (FX) margin ratio currently used in the Japanese FX market.

EBS JPY Benchmark - NEX DataTERMS OF USE The EBS JPY Benchmark is free to use for personal, internal purposes and for non-commercial activity. All commercial usage and redistribution

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Page 1: EBS JPY Benchmark - NEX DataTERMS OF USE The EBS JPY Benchmark is free to use for personal, internal purposes and for non-commercial activity. All commercial usage and redistribution

FEATURES

Distributed by NEX Data and published at 15:15PM JST, the EBS JPY Benchmark provides a direct comparison between USD and JPY and acts as a reliable reference in what has fast become a growing global currency.

The EBS JPY Benchmark employs an automated process using the primary OTC venue for JPY execution globally, EBS Market, to form an accurate reference rate, transparent to third parties.

DESIGN PRINCIPLES

• The only JPY Benchmark that uses rates fromexecuted trades to calculate a transparentUSD/JPY reference rate

• The data is taken from the award-winningcentral limit order book - EBS Market

• Benchmark rate is used to calculate the FX margin ratio by FFAJ.

PUBLICATION

• The EBS JPY Benchmark is published at15:15PM JST.

The EBS JPY Benchmark is the first JPY daily reference rate that supports accurate and transparent benchmarking in the global derivatives and currency markets.

EBS JPY Benchmark

All information contained herein (“Information”) is for informational purposes only, is confidential and is the intellectual property of NEX Group plc and/or one of its group companies (“NEX”). The Information is directed to Eligible Counterparties and Professional Customers only and is not intended for Retail Clients (as each term is defined by the rules of the Financial Conduct Authority ("FCA")) or equivalent in a relevant jurisdiction. This Information is not, and should not be construed as, an offer or solicitation to sell or buy any product, investment, security or any other financial instrument or to participate in any particular trading strategy. The Information is not to be relied upon and is not warranted, either expressly or by implication, as to completeness, timeliness, accuracy, merchantability or fitness for any particular purpose. All representations and warranties are expressly disclaimed. Access to the Information by anyone other than the intended recipient is unauthorised and any disclosure, copying or redistribution is prohibited without NEX’s prior written approval. If you receive this information in error, please immediately delete all copies of it and notify the sender. In no circumstances will NEX be liable for any indirect or direct loss, or consequential loss or damages including without limitation, loss of business or profits arising from the use of, any inability to use, or any inaccuracy in the Information. NEX and the NEX logo are trademarks of the NEX group. Certain NEX group companies are regulated by regulatory authorities. For further regulatory information, please see www.NEX.com. ©NEX Group plc 2017

FIND OUT MORE To find out more about this service email [email protected] or contact your local NEX Data office.

EMEA US SINGAPORE HONG KONG W www.nexdata.com +44 20 7818 9911 + 1 212 704 5470 +65 6831 0991 +85 2 2878 6068

NEX-Data-EBS JPY-FS-050417

TERMS OF USEThe EBS JPY Benchmark is free to use for personal, internal purposes and for non-commercial activity.

All commercial usage and redistribution is subject to a licence. For further information, please see the Disclaimer on the website.

GET IN TOUCHFor information relating to the calculation of the benchmark please contact [email protected]

For information relating to JPY on EBS please contact [email protected].

The EBS JPY Benchmark is used to calculate the foreign exchange (FX) margin ratio currently used in the Japanese FX market.