Publications

	Table of Contents
p. 35 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Types of Conversion Transactions E. Market Transactions F. Currency Conversion of Unwithdrawn Amounts G. Conversion of Withdrawn Amounts H. Partial Maturity Conversion of Withdrawn Amounts I. Interest Rate Cap or Collar J. Conditional Requests K. Notification of Conversion Transactions L. Interest Payments on Conversion Date Section 5: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

---

L. Interest Payments on Conversion Date

4.39 The Conversion Period will always commence on the Conversion Date. For all conversions other than Currency Conversions of unwithdrawn amounts, this will always fall on an Interest Payment Date. As interest accrues in arrears, any interest payable on a Conversion Date will be payable at the rate applicable immediately prior to the Conversion. Any principal payable on a Conversion Date will not form part of the amount converted and will, in the case of a Currency Conversion, be payable in the currency in which the principal was payable immediately prior to such Conversion.

4.40 The Conversion Period of a Currency Conversion is extended (solely for the purpose of making payments of principal and interest and not for the calculation of the interest payment due) by one day to include the Interest Payment Date and, if applicable, the Principal Payment Date immediately following the final Interest Period of the Conversion Period. Thus, on such Principal/Interest Payment Date, payment of principal and interest will be made in the Approved Currency (i.e., the currency into which the amount of the loan was converted during the Conversion Period).

Back K. Notification of Conversion Transactions	Next Section 5: Specified Rate Fixing (SRF)