Asia Securities Industry & Financial Markets Association

1. Asia Securities Industry & Financial Markets Association Developing a Repo Best Practice Guide for Asian Markets Executive Summary

2. How Repo Markets Support the Real Economy Helps to establish a benchmark yield curve and improves price discovery and transparency across short- and long-term securities Deepens primary and secondary market liquidity and thus broadens investor demand Promotes cross-border mobility of assets which increases access to funding pools across the region The Real Benefits of Repo Markets Enables investors to access bond markets and transact in local currencies, facilitates pricing and valuation of securities Offers hedging tools that are critical to risk management

3. 3 Necessary Steps to Develop and Grow Asian Repo Markets

4. Next Steps

5. Annex I: Key Issues and Recommendations

6. Annex I: Key Issues and Recommendations (continued)

7. Annex II: Table of Contents of Repo Best Practice Guide – Section I

8. Annex II: Table of Contents of Repo Best Practice Guide – Section II

9. Annex III: Repo Markets Workshop – “Straw Man” Agenda