1. Which are the best banks in Taiwan DollarBonds and which services are the most important to you when choosing your Counterparties for Secondary Market Trades?

/ Which services are important in your selection of counterparties?
E = Essential U = Useful M = Marginal X = Not at all
1st bank / 2nd bank / 3rd bank
Macroeconomic Research
Credit Research
Government Bonds and Rates Research
Derivatives & Structured Product solutions
Pricing
Sales Service
Corporate Primary Issues – Quality and Number
Government Primary Issues – Access to acceptable Number and Quality of issues
Trade Ideas from Sales/Trading teams
Bond Inventory/Ability to Source Bonds Quickly
Relationship with Bank
Back Office Efficiency

2. Secondary Market Trading. In terms of your total trades executed in Taiwan DollarBonds over the past year, which are your Tier 1, Tier 2 and Tier 3 counterparties in the secondary market?

Corporate Bonds
Indicate your Tier 1, 2 or 3 banks.
NB: Tier 1 is the top tier / Government Bonds
Indicate your Tier 1, 2 or 3 banks.
NB: Tier 1 is the top tier
Barits
Capital Securities
China Trust
Citi
Deutsche Bank
Fubon Bank
Grand Cathay
IBT Securities
KGI
Masterlink
Nomura
Polaris Securities
President Securities
RBS (ABN AMRO)
SCB
Taiwan Post
Taiwan Securities
Yuanta Securities
Other (Please Name)
Secondary Market Trades / Corporate Bonds / Government Bonds
What % of trades with your Tier 1 group of counterparties? / % / %
What % of trades with your Tier 2 group of counterparties? / % / %
What % of trades with your Tier 3 group of counterparties? / % / %

3. Your Local Currency Bond Portfolio Profile- 1

Assets under Management. What is the Total Value of your Taiwan Dollar Bond portfolio in TWD and USD Equivalent? / TWD Mio / USD Mio
Turnover. What is the Total Annual Secondary Market Turnover of your Taiwan DollarBond portfolio in USD Equivalent? /
USD Mio
Primary Bond Issues. What was the total value of Primary Bond Issues in Taiwan Dollaryou subscribed to in 2011? /
USD Mio
How many Primary Bond Issues in Taiwan Dollar did you subscribe to in 2011?

4. Your Local Currency Bond Portfolio Profile - 2

What is the proportion of Corporate bonds in your portfolio? / %
How many Credits(individual issuers) do you have in your Taiwan Dollar Bond portfolio?
What is the targetedaverage durationof bonds in your portfolio in 2012? (years)
What is theNotionalValue of the structured products in your portfolio (TWD Mio)

5. Issuers. Which are the best issuers in Taiwan? using the criteria that are important to you as an investor (e.g. credit worthiness, corporate governance, track record, liquidity of bonds etc.)?

Which are the best issuers? /
1.
/
2.
/
3.

6. Bestbank Individuals. Who are the bestsellside individuals in Taiwan DollarBonds

Name /
Bank
/ Function (eg Trader, Salesperson, Analyst, Economist) / Contact Telephone Number / E-mail

Note: All nominations are strictly confidential. All nominated sellside individuals will be invited to vote for their

astute investors

7. Your Product needs. Which products are you investing in or planning to invest in?

Which other products are you planning to invest in, or already investing in? / Assessing / Already investing / Bestbank?
Asian Local Currency bonds ex TWD
Non Asian Bonds
Credit Derivatives
Interest Rate Derivatives
Other / Please specify

8.Respondent Details

Name / Institution
Institution Type /  Trust Department of Bank  Commercial Bank/Consumer Bank
 Asset Manager  Insurance Company
 Pension Fund  Hedge Fund/Absolute Return Fund
Would you be interested to attend The Asset’s Bond Summit?
Would you like a Trial Subscription to The Asset magazine

That completes our survey, thank you very much for your participation

Asian Currency Bond Benchmark Survey 20121 Setting the Standard