FEAS Yearbook FEAS Yearbook 2008

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008 BAKU INTERBANK CURRENCY EXCHANGE OFFICIAL 6 MONTH STATISTICS US$ millions Total Volume Average Daily Volume # Shares millions Total Volume Average Daily Volume Stocks Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Bonds Jan-08 0.00 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 164.23 221.81 314.23 211.13 210.42 491.69 1613.50 8.64 10.56 20.95 9.60 10.52 25.88 14.36 0.16 0.22 0.31 0.21 0.21 0.49 1.61 0.01 0.01 0.02 0.01 0.01 0.03 0.01 Market Capitalization (US$ millions) Index Jan-08 n/a n/a Feb-08 n/a n/a Mar-08 n/a n/a Apr-08 n/a n/a May-08 n/a n/a Jun-08 n/a n/a PRACTICES & PROCEDURES Trading Days Hours Monday-Friday Morning session 10:00-12:00 Day time session 14:15-17:00 Market segmentation N/A System Automated, Bourse E-System of Trades (BEST) Mechanisms Call auction Market-maker/Specialists Yes Instruments Currency, interbank credit. currency swap Currency Local Real time information System under development Clearing & Settlement Central Depository Period Registered Settlement Clearing DVP Clearing Institution Risk Sharing Margin/Lending Custodians Yes T+0 Yes Book entry Netting Yes, full DVP Yes Yes No Exchange members Taxes Cash Dividends Interest Income Capital Gains 15% N/A N/A Structure & Regulations Legal Regulation Securities market regulations Trading rules Surveillance Corporate actions Trading halts regulations Investor protection N/A Self Regulator and exchange w/ regulator approval Government institution Yes, electronic Centralized N/A Yes Foreign Participation Foreign investors Investment limitations Repatriation Allowed, No restrictions No limitations No restrictions PAGE 11

FEAS Yearbook FEAS Yearbook 2008 | Page 11