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p. 34 of 46 BACK | NEXT Section 1: Introduction Section 2: Procedures for Exercising Loan Conversion Options Section 3: Limitations, Restrictions and Establishment of Imprest Account Section 4: Basis for Executing Conversion Transactions A. Certain Definitions Relating to Conversion Transactions B. Conversion Dates C. Failure to Effect Conversion During Execution Period D. Types of Conversion Transactions E. Market Transactions F. Currency Conversion of Unwithdrawn Amounts G. Conversion of Withdrawn Amounts H. Partial Maturity Conversion of Withdrawn Amounts I. Interest Rate Cap or Collar J. Conditional Requests K. Notification of Conversion Transactions L. Interest Payments on Conversion Date Section 5: Specified Rate Fixing (SRF) Section 6: Transaction Fees Section 7: Rounding Convention Used in Conversions

Guidelines for Conversion of Loan Terms for ADB LIBOR-Based Loan Product : Section 4: Basis for Executing Conversion Transactions

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K. Notification of Conversion Transactions

4.37 Conversion Notice: Within three Business Days after the Execution Date of any Conversion, ADB will send to the Borrower a conversion notice setting out the terms obtained in the conversion, including:

1. the Execution Date of the Conversion;

2. whether a Market Transaction was entered into or a Screen Rate was used;

3. the new interest rate payable under an Interest Rate Conversion or a Currency Conversion (whether a Floating Rate or a Fixed Rate), including in the case of a Currency Conversion of an unwithdrawn amount, the Fixed Spread payable as part of the new Floating Rate that will be applicable to such amount once it is withdrawn;

4. (if applicable) the exchange rate used in effecting a Currency Conversion;

5. the Conversion Date determined in accordance with paragraph 4.1 above; and

6. the amount of any transaction fees, and if applicable, the amount of any premium payable by the Borrower in connection with the establishment of an Interest Rate Cap or Interest Rate Collar, and the due date for payment of such fees and premia.

4.38 Consolidated Statement of Financial Terms: As soon as practicable following the Execution Date of a Conversion, ADB will send to the Borrower, a consolidated statement of all the financial terms of the Loan showing the following information:

1. the total amount of the Loan and the Loan Currency (if the Loan is denominated in more than one currency, and/or if more than one interest rate applies to the Loan, the Loan will be shown as divided into portions (Loan Portions), reflecting the different currencies and interest rates applicable to each Loan Portion outstanding);

2. the interest rate applicable to each Loan Portion;

3. if applicable, the revised amortization provisions applicable to each Loan Portion;

4. to the extent any amount of the Loan is undisbursed, a revised withdrawal schedule (where applicable) showing the amount allocated to each disbursement category for each Loan Portion; and

5. to the extent any amount of the Loan is undisbursed, the currency of denomination and amount of the Loan which may be used for retroactive financing.

Back J. Conditional Requests	Next L. Interest Payments on Conversion Date