Taiwan Transport and Tourism Basket
On June 13 2008, Taiwan's Straits Exchange Foundation (SEF) and China's Association for Relations across the Taiwan Straits (ARATS) signed an agreement regarding the arrangement of cross-strait tourism policies and direct, cross-strait chartered flights began on the weekend of July 4 2008. Additionally, the SEF and ARATS have agreed to set unrepresentative offices on both sides of the Strait to facilitate normalized relations. It is expected that steps will be taken to develop direct, cross-strait chartered cargo flights and shipping routes. These moves may help to boost the flow of goods across the Strait and reduce import/export costs. Hotels, airlines and shipping are expected to benefit from these 'directlinks' with China.
Linked to the price performance of below component shares:
- 1 ordinary share of The Ambassador Hotel, Ltd. (Bloomberg code: 2704 TT)
- 1 ordinary share of Formosa International Hotels Corporation (Bloomberg code: 2707 TT)
- 1 ordinary share of Eva Airways Corporation (Bloomberg code:2618 TT);
- 1 ordinary share of China Airlines Ltd. (Bloomberg code:2610 TT);
- 1 ordinary share of Yang Ming Marine Transport Corp. (Bloomberg code:2609 TT)
Summary
| Name | Taiwan Transport and Tourism |
| Bloomberg Code | RBTK1 |
| Listing | Singapore Stock Exchange (SGX) |
| Issuer | Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ("Rabobank"), acting through its Hong Kong branch |
| Rating | Standard & Poor's: AAA; Moody's: Aaa |
| Launch Date | 1st August, 2008 |
| Expected Listing Date | 11th August, 2008 |
| Expiry Date | 27th September, 2008 |
| Underlying Basket Reference Price | USD21.84 (as of 30th June, 2008) |
| Issue Price | USD Basket closing price on Launch Date x (1+2%) / Conversion Ratio |
| Exercise Price | USD 0.0001 |
| Conversion Ratio | 10 Certificates relates to 1 Basket Unit |
| Reference Currency | Taiwan Dollar ("TWD") |
| Trading Currency | US Dollars ("USD") |
| Settlement Currency | US Dollars ("USD") |
| Exchange Rate | The rate of exchange between the relevant Reference Currency and the Settlement Currency on the Launch Date at or about 2:15 p.m. Singapore time as determined by the Issuer by reference to such source(s) as the Issuer may reasonably determine to be appropriate at such time. |
| Valuation Date | Each of the 5 Exchange Business Days immediately preceding the Expiry Date |
| Cash Settlement Amount | (Settlement Price in USD - Exercise Price) / Conversion Ratio - Exercise Expense (if any); where the Settlement Price is the arithmetic mean of the Closing Prices of the Certificate of each of the 5 Valuation Dates |
| Board Lot | 1,000 Certificates |
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