SUMITOMO MITSUI TRUST BANK (THAI) PCL.
No. 98 Sathorn Square Office Tower 32nd Floor
North Sathorn Road, Silom, Bangrak, Bangkok, 10500
Tel. 0 2230 6100 Fax. 0 2230 6150
Registration No. 0107557000250

Guideline Practice of Foreign Exchange

November 05, 2020
1. Introduction•This guideline regarding foreign exchange (FX) transactions (hereinafter referred to asthis “Guideline”) aims to provide information that is particularly important forcustomers when Sumitomo Mitsui Trust Bank (Thailand) (hereinafter referred to as the“Bank”) engages in FX transaction business in accordance with the FX Global Code.

2. Relationship between Customers and the Bank in Transactions•The Bank is a dealer and a market maker in the FX market and thus engages in pricequotation for and the execution of transactions and other related activities. In relation
to FX transactions, the Bank will perform its businesses in good faith and will understandand comply with laws, rules and regulations that apply to the FX market.

3. Execution of Transactions•In relation to FX transactions, the Bank will perform its business in good faith and withtransparency and fairness; and will endeavor to enhance customers’ understanding ofFX transactions by providing useful information in a timely and appropriate manner.

•A customer may use telephone, emails, an electronic platform, or other means as ways
to contact and place orders with the Bank in relation to FX transactions.

•In transactions with customers, the Bank may use an electronic platform provided by an
external vendor and quote the exchange rates to customers based on the specificationsof such platform.

•When the Bank judges that the execution of FX order of a customer is completed, atransaction is deemed to be concluded, and the market risk transfers to the customer at
the time of the conclusion of the transaction.

•To meet customers’ requests on transactions, the Bank has reasonable discretion on
issues such as whether to handle the customer’s order concurrently with othercustomers’ orders, to handle orders in accordance with the time of each order, toexecute the order by electronic means or manually, to execute the order or not, whenand how to execute the order, and whether to execute the order in part or in whole,unless there is any specific agreement to that effect.

•A customer’s final transaction price will be a price of all-in rate which include markup ofspread or fee payable to the Bank in consideration for risks taken by the Bank. This will
be determined on the basis of the relevant currencies, the amount and period of thetransaction, the market environment (such as liquidity and events), the customer’s
credit status and transaction status and other relevant elements.

•The Bank does not perform pre-hedge on FX order.

4. Information Handling•The Bank considers it extremely important to protect customer information andendeavors to ensure customer information confidentiality and security. However, theBank may, as part of its obligations to supervisory and other authorities, disclose
customer information upon the request of these authorities.

•The Bank may utilize executed transactions for analysis purpose of risk management,
marketing, pricing for transactions or other relevant purposes.