Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Saturday (October 23, 2004).

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INTEREST PAYABLE ON FE DEPOSITS

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                    BBA BID               MAXIMUM RATES

                    RATES                FOR PAYMENT OF

                                            INTEREST BY

                                             AUTHORISED

                                                DEALERS

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US Dollars          Value 26-10-2004   Value 26-10-2004

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For  3 months and over but less than

     6 months       1.8600% PA               2.6100% PA

For  6 months and over but less than

    12 months       1.9931% PA               2.7431% PA

For 12 months       2.2200% PA               3.0950% PA

For  2 years        2.2200% PA               3.5950% PA

For  3 years        2.2200% PA               3.8450% PA

For  4 years        2.2200% PA               4.0950% PA

For  5 years        2.2200% PA               4.2200% PA

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POUND STERLING      Value 25-10-2004   Value 25-10-2004

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For  3 months and over but less than

     6 months       4.6475% PA               5.3975% PA

For  6 months and over but less than

    12 months       4.6938% PA               5.4438% PA

For 12 months       4.7513% PA               5.6263% PA

For  2 years        4.7513% PA               6.1263% PA

For  3 years        4.7513% PA               6.3763% PA

For  4 years        4.7513% PA               6.6263% PA

For  5 years        4.7513% PA               6.7513% PA

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EURO                Value 26-10-2004   Value 26-10-2004

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For  3 months and over but less than

     6 months       1.8950% PA               2.6450% PA

For  6 months and over but less than

    12 months       1.9334% PA               2.6834% PA

For 12 months       2.0334% PA               2.9094% PA

For  2 years        2.0334% PA               3.4094% PA

For  3 years        2.0334% PA               3.6594% PA

For  4 years        2.0334% PA               3.9094% PA

For  5 years        2.0334% PA               4.0344% PA

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Japanese Yen        Value 26-10-2004   Value 26-10-2004

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For  3 months and over but less than

     6 months      -0.1975% PA               0.5525% PA

For  6 months and over but less than

    12 months      -0.1850% PA               0.5650% PA

For 12 months      -0.1575% PA               0.7175% PA

For  2 years       -0.1575% PA               1.2175% PA

For  3 years       -0.1575% PA               1.4675% PA

For  4 years       -0.1575% PA               1.7175% PA

For  5 years       -0.1575% PA               1.8425% PA

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