With effect from 6 August 2001, MMA provides a Lombard
facility to banks for their short-term liquidity needs, the terms
and conditions of which are decided by MMA on a case-by-case basis.
The basic terms prevalent at present are a maximum interest rate
of 5 percentage points above the highest rate of interest prevailing
in the banking industry, and a duration not exceeding the longer
of 90 days or the remaining maturity period of MMA CDs secured against