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 Wednesday (July 28, 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 29-07-2004     Value 29-07-2004

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For  3 months and over but less than

     6 months     1.4200% PA                  2.1700%PA

For  6 months and over 0but less than

    12 months     1.7100% PA                 2.4600% PA

For 12 months     2.1800% PA                 3.0550% PA

For  2 years      2.1800% PA                 3.5550% PA

For  3 years      2.1800% PA                 3.8050% PA

For  4 years      2.1800% PA                 4.0550% PA

For  5 years      2.1800% PA                 4.1800% PA

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POUND STERLING    Value 28-07-2004     Value 28-07-2004

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For  3 months and over but less than

     6 months     4.6788% PA                 5.4288% PA

For  6 months and over but less than

    12 months     4.8425% PA                 5.5925% PA

For 12 months     5.0875% PA                 5.9625% PA

For  2 years      5.0875% PA                 6.4625% PA

For  3 years      5.0875% PA                 6.7125% PA

For  4 years      5.0875% PA                 6.9625% PA

For  5 years      5.0875% PA                 7.0875% PA

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EURO              Value 29-07-2004     Value 29-07-2004

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For  3 months and over but less than

     6 months     1.8684% PA                 2.6184% PA

For  6 months and over but less than

    12 months     1.9561% PA                 2.7061% PA

For 12 months     2.1536% PA                 3.0286% PA

For  2 years      2.1536% PA                 3.5286% PA

For  3 years      2.1536% PA                 3.7786% PA

For  4 years      2.1536% PA                 4.0286% PA

For  5 years      2.1536% PA                 4.1536% PA

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Japanese Yen      Value 29-07-2004     Value 29-07-2004

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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    -0.1861% PA                 0.5639% PA

For 12 months    -0.1569% PA                 0.7181% PA

For  2 years     -0.1569% PA                 1.2181% PA

For  3 years     -0.1569% PA                 1.4681% PA

For  4 years     -0.1569% PA                 1.7181% PA

For  5 years     -0.1569% PA                 1.8431% PA

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