5. Actions by Treasury Unit in preparation for rising interest rates

At SMBC, ブックメーカー凱旋門 Treasury Unit engaged in market operations. In March 2004, anticipating a future rise in interest rates, ブックメーカー凱旋門 unit began to implement a portfolio strategy, centered on investing in Japanese equity investment trusts and funds of funds. Deftly controlling such operations, ブックメーカー凱旋門 unit responded in a timely manner to ブックメーカー凱旋門 rise in Japanese stock prices that started in 2005, contributing to expanded revenues.

In April 2002, ブックメーカー凱旋門 Treasury Unit set up Asian sales desks in Tokyo, Hong Kong, and Singapore, with ブックメーカー凱旋門 aim of enhancing support of business operations of Japanese companies in Asia with foreign exchange transactions. In August 2002, ブックメーカー凱旋門 unit launched i-Deal, an online foreign exchange dealing system for use by customers. This represented ブックメーカー凱旋門 earliest of ブックメーカー凱旋門 subsequent efforts aimed at increasing capabilities to cater to our customers’ needs related to various market-based transactions.