Japan

The following tables show how much it costs to remit money from Japan to

- Brazil
- China
- India
- Korea
- Peru
- Philippines

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

FromTo

Find out by selecting sending and receiving countries below:

Remitting from Japan to Brazil

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	1500.00	0.91	8.80	1672.00	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	11.44	2173.60	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	11.44	2173.60	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	2000.00	0.91	11.44	2173.60	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	0.91	11.44	2173.60	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	2500.00	1.82	14.98	2846.20	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	2500.00	1.82	14.98	2846.20	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	5500.00	0.91	29.86	5673.40	6 days or more	Nationwide	Sep 16, 2009
Bank Average		2833.33	1.01	15.92	3024.80
MTO Average		2500.00	1.82	14.98	2846.20
Total Average		2800.00	1.09	15.83	3007.70
Total Average in First Quarter 2009		3583.33	2.65	19.71	3744.90

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	1500.00	0.91	4.03	1934.40	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	5.08	2438.40	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	2000.00	0.91	5.08	2438.40	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	2000.00	0.91	5.08	2438.40	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	0.91	5.08	2438.40	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	2500.00	1.82	7.03	3374.40	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	2500.00	1.82	7.03	3374.40	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	5500.00	0.91	12.37	5937.60	6 days or more	Nationwide	Sep 16, 2009
Bank Average		2833.33	1.01	6.91	3316.80
MTO Average		2500.00	1.82	7.03	3374.40
Total Average		2800.00	1.09	6.92	3321.60
Total Average in First Quarter 2009		3700.00	1.71	8.83	4238.40

Corridor note

In this corridor all RSPs send USD. At the point of collection, the money may be paid out in USD or converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	15.79	0.91	8.80	17.60	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	21.05	0.91	11.44	22.88	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	21.05	0.91	11.44	22.88	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	21.05	0.91	11.44	22.88	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	21.05	0.91	11.44	22.88	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	26.32	1.82	14.98	29.96	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	26.32	1.82	14.98	29.96	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	57.89	0.91	29.86	59.72	6 days or more	Nationwide	Sep 16, 2009
Bank Average		29.82	1.01	15.92	31.84
MTO Average		26.32	1.82	14.98	29.96
Total Average		29.47	1.09	15.83	31.66
Total Average in First Quarter 2009		34.13	2.65	19.71	39.42

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banco do Brasil	Bank	15.62	0.91	4.03	20.15	2 days	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	20.83	0.91	5.08	25.40	Next day	Nationwide	Sep 16, 2009
Banco Bradesco	Bank	20.83	0.91	5.08	25.40	2 days	Nationwide	Sep 16, 2009
Bank Itau	Bank	20.83	0.91	5.08	25.40	2 days	Nationwide	Sep 16, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	20.83	0.91	5.08	25.40	3-5 days	Nationwide	Sep 16, 2009
Japan Post Bank	Bank	26.04	1.82	7.03	35.15	6 days or more	Nationwide	Sep 16, 2009
Money Gram	MTO	26.04	1.82	7.03	35.15	Less than one hour	Nationwide	Sep 16, 2009
Citibank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 16, 2009
Suruga Bank	Bank	57.29	0.91	12.37	61.85	6 days or more	Nationwide	Sep 16, 2009
Bank Average		29.51	1.01	6.91	34.55
MTO Average		26.04	1.82	7.03	35.15
Total Average		29.17	1.09	6.92	34.60
Total Average in First Quarter 2009		35.58	1.71	8.83	44.15

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	2500.00	-1.46	10.45	2194.50	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	2500.00	2.25	14.16	2973.60	6 days or more	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.56	20.09	4218.90	3-5 days	Nationwide	Feb 09, 2009
Citibank Japan	Bank	4000.00	1.08	20.13	4227.30	3-5 days	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	2.25	26.06	5472.60	6 days or more	Nationwide	Feb 09, 2009
Suruga Bank	Bank	5500.00	1.20	27.39	5751.90	6 days or more	Nationwide	Feb 09, 2009
Bank Average		3800.00	3.47	21.57	4529.70
Bank/MTO Average		2500.00	-1.46	10.45	2194.50
Total Average		3583.33	2.65	19.71	4139.10
Total Average in 2008		2928.57	1.19	15.14	3179.40

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	3200.00	-1.46	4.70	2444.00	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	2500.00	2.25	7.06	3671.20	6 days or more	Nationwide	Feb 09, 2009
Citibank Japan	Bank	4000.00	1.08	8.77	4560.40	3-5 days	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	4.95	8.80	4576.00	3-5 days	Nationwide	Feb 09, 2009
Suruga Bank	Bank	5500.00	1.20	11.78	6125.60	6 days or more	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	2.25	11.87	6172.40	6 days or more	Nationwide	Feb 09, 2009
Bank Average		3800.00	2.35	9.66	5023.20
Bank/MTO Average		3200.00	-1.46	4.70	2444.00
Total Average		3700.00	1.71	8.83	4591.60
Total Average in 2008		3500.00	1.19	7.92	4118.40

Corridor note

In this corridor all RSPs send USD. At the point of collection, the money is converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	23.81	-1.46	10.45	20.90	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	23.81	2.25	14.16	28.32	6 days or more	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.56	20.09	40.18	3-5 days	Nationwide	Feb 09, 2009
Citibank Japan	Bank	38.10	1.08	20.13	40.26	3-5 days	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	47.62	2.25	26.06	52.12	6 days or more	Nationwide	Feb 09, 2009
Suruga Bank	Bank	52.38	1.20	27.39	54.78	6 days or more	Nationwide	Feb 09, 2009
Bank Average		36.19	3.47	21.57	43.14
Bank/MTO Average		23.81	-1.46	10.45	20.90
Total Average		34.13	2.65	19.71	39.42
Total Average in 2008		27.89	1.19	15.14	30.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	30.77	-1.46	4.70	23.50	Less than one hour	Nationwide	Feb 09, 2009
Japan Post Bank	Bank	24.04	2.25	7.06	35.30	6 days or more	Nationwide	Feb 09, 2009
Citibank Japan	Bank	38.46	1.08	8.77	43.85	3-5 days	Nationwide	Feb 09, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	4.95	8.80	44.00	3-5 days	Nationwide	Feb 09, 2009
Suruga Bank	Bank	52.88	1.20	11.78	58.90	6 days or more	Nationwide	Feb 09, 2009
Ogaki Kyoritsu Bank	Bank	48.08	2.25	11.87	59.35	6 days or more	Nationwide	Feb 09, 2009
Bank Average		36.54	2.35	9.66	48.30
Bank/MTO Average		30.77	-1.46	4.70	23.50
Total Average		35.58	1.71	8.83	44.15
Total Average in 2008		33.65	1.19	7.92	39.60

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	10.57	2219.70	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
MoneyGram	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Western Union	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	20.09	4218.90	2 days	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	27.23	5718.30	2-7 days	-	May 20, 2008
Bank Average		3100.00	1.25	16.01	3362.10
MTO Average		2500.00	1.04	12.95	2719.50
Total Average		2928.57	1.19	15.14	3179.40
First Quarter 2009		3583.33	2.65	19.71	4139.10

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	4.89	2542.80	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	4.89	2542.80	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	May 20, 2008
MoneyGram	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Western Union	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	11.62	6042.40	2-7 days	-	May 20, 2008
Bank Average		3100.00	1.25	7.21	3749.20
MTO Average		4500.00	1.04	9.70	5044.00
Total Average		3500.00	1.19	7.92	4118.40
First Quarter 2009		3700.00	1.71	8.83	4591.60

Corridor note

The exchange rate column reflects the fact that money is sent in USD. At the point of collection, the money is converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.05	1.04	10.57	21.14	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
MoneyGram	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Western Union	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.10	1.04	20.09	40.18	2 days	-	May 20, 2008
Suruga Bank	Bank	52.38	1.04	27.23	54.46	2-7 days	-	May 20, 2008
Bank Average		29.52	1.25	16.01	32.02
MTO Average		23.81	1.04	12.95	25.90
Total Average		27.89	1.19	15.14	30.28
First Quarter 2009		34.13	2.65	19.71	39.42

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.23	1.04	4.89	24.45	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.23	1.04	4.89	24.45	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	May 20, 2008
MoneyGram	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Western Union	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Suruga Bank	Bank	52.88	1.04	11.62	58.10	2-7 days	-	May 20, 2008
Bank Average		29.81	1.25	7.21	36.05
MTO Average		43.27	1.04	9.70	48.50
Total Average		33.65	1.19	7.92	39.60
First Quarter 2009		35.58	1.71	8.83	44.15

Corridor note

Remitting from Japan to China

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.00	7.89	1499.10	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.70	13.23	2513.70	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	2500.00	3.60	16.76	3184.40	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	3000.00	3.60	19.39	3684.10	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	4000.00	*0.00	*21.05	*3999.50	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	4000.00	2.70	23.76	4514.40	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	4000.00	2.70	23.76	4514.40	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	5000.00	3.60	29.92	5684.80	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	5500.00	2.70	31.65	6013.50	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	6000.00	1.85	33.43	6351.70	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	6000.00	1.98	33.56	6376.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		4200.00	2.55	24.65	4683.50
MTO Average		1500.00	0.00	7.89	1499.10
Total Average		3954.55	2.31	23.13	4394.70
Total Average in First Quarter 2009		3100.00	3.22	17.98	3416.20

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.00	3.12	1497.60	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.70	6.87	3297.60	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	4000.00	*0.00	*8.33	*3998.40	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	2500.00	3.60	8.81	4228.80	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	3000.00	3.60	9.85	4728.00	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	4000.00	2.70	11.04	5299.20	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	4000.00	2.70	11.04	5299.20	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	5000.00	3.60	14.02	6729.60	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	5500.00	2.70	14.16	6796.80	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	6000.00	1.85	14.35	6888.00	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	6000.00	1.98	14.48	6950.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		4200.00	2.55	11.30	5424.00
MTO Average		1500.00	0.00	3.12	1497.60
Total Average		3954.55	2.31	10.55	5064.00
Total Average in First Quarter 2009		3400.00	1.92	8.45	4056.00

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.79	0.00	7.89	15.78	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	21.05	2.70	13.23	26.46	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	26.32	3.60	16.76	33.52	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	31.58	3.60	19.39	38.78	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	42.11	*0.00	*21.05	*42.10	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	42.11	2.70	23.76	47.52	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	42.11	2.70	23.76	47.52	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	52.63	3.60	29.92	59.84	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	57.89	2.70	31.65	63.30	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	63.16	1.85	33.43	66.86	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	63.16	1.98	33.56	67.12	6 days or more	Nationwide	Sep 13, 2009
Bank Average		44.21	2.55	24.65	49.30
MTO Average		15.79	0.00	7.89	15.78
Total Average		41.63	2.31	23.13	46.26
Total Average in First Quarter 2009		29.52	3.22	17.98	35.96

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.62	0.00	3.12	15.60	Less than one hour	Nationwide	Sep 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	20.83	2.70	6.87	34.35	3-5 days	Nationwide	Sep 13, 2009
Standard Chartered Bank*	Bank	41.67	*0.00	*8.33	*41.65	3-5 days	Nationwide	Sep 13, 2009
Japan Post Bank	Bank	26.04	3.60	8.81	44.05	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	62.50	3.60	9.85	49.25	3-5 days	Nationwide	Sep 13, 2009
Citibank	Bank	41.67	2.70	11.04	55.20	6 days or more	Nationwide	Sep 13, 2009
Suruga Bank	Bank	41.67	2.70	11.04	55.20	6 days or more	Nationwide	Sep 13, 2009
China Bank of Communications	Bank	52.08	3.60	14.02	70.10	Next day	Nationwide	Sep 13, 2009
Suruga Bank	Bank	57.29	2.70	14.16	70.80	6 days or more	Nationwide	Sep 13, 2009
Industrial and Commercial Bank of China (ICBC)	Bank	62.50	1.85	14.35	71.75	N/A	Nationwide	Sep 13, 2009
Bank of China	Bank	62.50	1.98	14.48	72.40	6 days or more	Nationwide	Sep 13, 2009
Bank Average		46.88	2.55	11.30	56.50
MTO Average		15.62	0.00	3.12	15.60
Total Average		44.03	2.31	10.55	52.75
Total Average in First Quarter 2009		32.69	1.92	8.45	42.25

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	1500.00	0.43	7.58	1591.80	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	2500.00	2.81	14.72	3091.20	6 days or more	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.56	20.08	4216.80	3-5 days	Nationwide	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	20.13	4227.30	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	5500.00	1.20	27.39	5751.90	6 days or more	Nationwide	Feb 12, 2009
Bank Average		3500.00	3.91	20.58	4321.80
Bank/MTO Average		1500.00	0.43	7.58	1591.80
Total Average		3100.00	3.22	17.98	3775.80
Total Average in 2008		2857.14	1.34	14.94	3137.40

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	3000.00	0.43	6.20	3224.00	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	2500.00	1.92	6.73	3499.60	6 days or more	Nationwide	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	8.77	4560.40	3-5 days	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	4.95	8.80	4576.00	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	5500.00	1.20	11.78	6125.60	6 days or more	Nationwide	Feb 12, 2009
Bank Average		3500.00	2.29	9.02	4690.40
Bank/MTO Average		3000.00	0.43	6.20	3224.00
Total Average		3400.00	1.92	8.45	4394.00
Total Average in 2008		3357.14	1.34	7.80	4056.00

Corridor note

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	14.29	0.43	7.58	15.16	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	23.81	2.81	14.72	29.44	6 days or more	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.56	20.08	40.16	3-5 days	Nationwide	Feb 12, 2009
Citibank Japan	Bank	38.10	1.08	20.13	40.26	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	52.38	1.20	27.39	54.78	6 days or more	Nationwide	Feb 12, 2009
Bank Average		33.33	3.91	20.58	41.16
Bank/MTO Average		14.29	0.43	7.58	15.16
Total Average		29.52	3.22	17.98	35.96
Total Average in 2008		27.21	1.34	14.94	29.88

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	28.85	0.43	6.20	31.00	Less than one hour	Nationwide	Feb 12, 2009
Japan Post Bank	Bank	24.04	1.92	6.73	33.65	6 days or more	Nationwide	Feb 12, 2009
Citibank Japan	Bank	38.46	1.08	8.77	43.85	3-5 days	Nationwide	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	4.95	8.80	44.00	3-5 days	Nationwide	Feb 12, 2009
Suruga Bank	Bank	52.88	1.20	11.78	58.90	6 days or more	Nationwide	Feb 12, 2009
Bank Average		33.65	2.29	9.02	45.10
Bank/MTO Average		28.85	0.43	6.20	31.00
Total Average		32.69	1.92	8.45	42.25
Total Average in 2008		32.28	1.34	7.80	39.00

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram	MTO	1500.00	1.04	8.18	1717.80	Instant	-	May 20, 2008
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
Western Union	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Japan Post Bank	Bank	2500.00	2.08	13.99	2937.90	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	20.09	4218.90	2 days	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	27.23	5718.30	2-7 days	-	May 20, 2008
Bank Average		3200.00	1.46	16.70	3507.00
MTO Average		2000.00	1.04	10.57	2219.70
Total Average		2857.14	1.34	14.94	3137.40
First Quarter 2009		3100.00	3.22	17.98	3775.80

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	4.89	2542.80	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
MoneyGram	MTO	3000.00	1.04	6.81	3541.20	Instant	-	May 20, 2008
Japan Post Bank	Bank	2500.00	2.08	6.89	3582.80	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	May 20, 2008
Western Union	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	11.62	6042.40	2-7 days	-	May 20, 2008
Bank Average		3200.00	1.46	7.61	3957.20
MTO Average		3750.00	1.04	8.25	4290.00
Total Average		3357.14	1.34	7.80	4056.00
First Quarter 2009		3400.00	1.92	8.45	4394.00

Corridor note

The exchange rate column reflects the fact that money is sent in USD. At the point of collection, the money is paid out in USD or converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.29	1.04	8.18	16.36	Instant	-	May 20, 2008
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
Western Union	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Japan Post Bank	Bank	23.81	2.08	13.99	27.98	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.10	1.04	20.09	40.18	2 days	-	May 20, 2008
Suruga Bank	Bank	52.38	1.04	27.23	54.46	2-7 days	-	May 20, 2008
Bank Average		30.48	1.46	16.70	33.40
MTO Average		19.05	1.04	10.57	21.14
Total Average		27.21	1.34	14.94	29.88
First Quarter 2009		29.52	3.22	17.98	35.96

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.23	1.04	4.89	24.45	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
MoneyGram	MTO	28.85	1.04	6.81	34.05	Instant	-	May 20, 2008
Japan Post Bank	Bank	24.04	2.08	6.89	34.45	7 days to bank account	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	May 20, 2008
Western Union	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Suruga Bank	Bank	52.88	1.04	11.62	58.10	2-7 days	-	May 20, 2008
Bank Average		30.77	1.46	7.61	38.05
MTO Average		36.06	1.04	8.25	41.25
Total Average		32.28	1.34	7.80	39.00
First Quarter 2009		32.69	1.92	8.45	42.25

Corridor note

Remitting from Japan to India

Collection period for Third quarter 2009

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.67	8.57	1628.30	Less than one hour	Nationwide	Sep 17, 2009
Remit2india.com	MTO	1000.00	4.42	9.69	1841.10	N/A	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	2500.00	0.91	14.07	2673.30	6 days or more	Nationwide	Sep 17, 2009
Citibank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	4000.00	2.90	23.96	4552.40	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	5000.00	2.55	28.86	5483.40	6 days or more	Nationwide	Sep 17, 2009
Bank Average		3875.00	1.82	22.21	4219.90
MTO Average		1250.00	2.55	9.13	1734.70
Total Average		3000.00	2.06	17.85	3391.50

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.67	3.80	1824.00	Less than one hour	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	2500.00	0.91	6.12	2937.60	6 days or more	Nationwide	Sep 17, 2009
Remit2india.com	MTO	1000.00	4.42	6.51	3124.80	N/A	Nationwide	Sep 17, 2009
Citibank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	4000.00	2.90	11.24	5395.20	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	5000.00	2.55	12.97	6225.60	6 days or more	Nationwide	Sep 17, 2009
Bank Average		3875.00	1.82	9.89	4747.20
MTO Average		1250.00	2.55	5.15	2472.00
Total Average		3000.00	2.06	8.31	3988.80

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.79	0.67	8.57	17.14	Less than one hour	Nationwide	Sep 17, 2009
Remit2india.com	MTO	10.53	4.42	9.69	19.38	N/A	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	26.32	0.91	14.07	28.14	6 days or more	Nationwide	Sep 17, 2009
Citibank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	42.11	2.90	23.96	47.92	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	52.63	2.55	28.86	57.72	6 days or more	Nationwide	Sep 17, 2009
Bank Average		40.79	1.82	22.21	44.42
MTO Average		13.16	2.55	9.13	18.26
Total Average		31.58	2.06	17.85	35.70

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.62	0.67	3.80	19.00	Less than one hour	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	26.04	0.91	6.12	30.60	6 days or more	Nationwide	Sep 17, 2009
Remit2india.com	MTO	10.42	4.42	6.51	32.55	N/A	Nationwide	Sep 17, 2009
Citibank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	41.67	2.90	11.24	56.20	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	52.08	2.55	12.97	64.85	6 days or more	Nationwide	Sep 17, 2009
Bank Average		40.36	1.82	9.89	49.45
MTO Average		13.02	2.55	5.15	25.75
Total Average		31.25	2.06	8.31	41.55

Remitting from Japan to Korea

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	2.70	10.60	2014.00	Less than one hour	Nationwide	Sep 27, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	1.80	12.33	2342.70	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	14.96	2842.40	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	14.96	2842.40	6 days or more	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	3000.00	2.42	18.21	3459.90	Next day	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	3000.00	2.42	18.21	3459.90	3-5 days	Nationwide	Sep 27, 2009
Citibank	Bank	4000.00	1.80	22.85	4341.50	6 days or more	Nationwide	Sep 27, 2009
Suruga Bank	Bank	5500.00	1.80	30.75	5842.50	6 days or more	Nationwide	Sep 27, 2009
Resona Bank	Bank	6000.00	1.80	33.38	6342.20	3-5 days	Nationwide	Sep 27, 2009
Resona Bank	Bank	7500.00	1.80	41.28	7843.20	3-5 days	Nationwide	Sep 27, 2009
Bank Average		4000.00	1.94	22.99	4368.10
MTO Average		1500.00	2.70	10.60	2014.00
Total Average		3750.00	2.02	21.75	4132.50
Total Average in First Quarter 2009		3333.33	3.31	19.18	3644.20

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	2.70	5.83	2798.40	Less than one hour	Nationwide	Sep 27, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	1.80	5.97	2865.60	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	7.01	3364.80	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	7.01	3364.80	6 days or more	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	3000.00	2.42	8.67	4161.60	Next day	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	3000.00	2.42	8.67	4161.60	3-5 days	Nationwide	Sep 27, 2009
Citibank	Bank	4000.00	1.80	10.14	4867.20	6 days or more	Nationwide	Sep 27, 2009
Suruga Bank	Bank	5500.00	1.80	13.26	6364.80	6 days or more	Nationwide	Sep 27, 2009
Resona Bank	Bank	6000.00	1.80	14.30	6864.00	3-5 days	Nationwide	Sep 27, 2009
Resona Bank	Bank	7500.00	1.80	17.43	8366.40	3-5 days	Nationwide	Sep 27, 2009
Bank Average		4000.00	1.94	10.27	4929.60
MTO Average		1500.00	2.70	5.83	2798.40
Total Average		3750.00	2.02	9.83	4718.40
Total Average in First Quarter 2009		3333.33	2.15	8.56	4108.80

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.79	2.70	10.60	21.20	Less than one hour	Nationwide	Sep 27, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	21.05	1.80	12.33	24.66	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.32	1.80	14.96	29.92	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.32	1.80	14.96	29.92	6 days or more	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	31.58	2.42	18.21	36.42	Next day	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	31.58	2.42	18.21	36.42	3-5 days	Nationwide	Sep 27, 2009
Citibank	Bank	42.11	1.80	22.85	45.70	6 days or more	Nationwide	Sep 27, 2009
Suruga Bank	Bank	57.89	1.80	30.75	61.50	6 days or more	Nationwide	Sep 27, 2009
Resona Bank	Bank	63.16	1.80	33.38	66.76	3-5 days	Nationwide	Sep 27, 2009
Resona Bank	Bank	78.95	1.80	41.28	82.56	3-5 days	Nationwide	Sep 27, 2009
Bank Average		42.11	1.94	22.99	45.98
MTO Average		15.79	2.70	10.60	21.20
Total Average		39.47	2.02	21.75	43.50
Total Average in First Quarter 2009		31.75	3.31	19.18	38.36

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.62	2.70	5.83	29.15	Less than one hour	Nationwide	Sep 27, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	20.83	1.80	5.97	29.85	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.04	1.80	7.01	35.05	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.04	1.80	7.01	35.05	6 days or more	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	31.25	2.42	8.67	43.35	Next day	Nationwide	Sep 27, 2009
Korea Exchange Bank	Bank	31.25	2.42	8.67	43.35	3-5 days	Nationwide	Sep 27, 2009
Citibank	Bank	41.67	1.80	10.14	50.70	6 days or more	Nationwide	Sep 27, 2009
Suruga Bank	Bank	57.29	1.80	13.26	66.30	6 days or more	Nationwide	Sep 27, 2009
Resona Bank	Bank	62.50	1.80	14.30	71.50	3-5 days	Nationwide	Sep 27, 2009
Resona Bank	Bank	78.12	1.80	17.43	87.15	3-5 days	Nationwide	Sep 27, 2009
Bank Average		41.67	1.94	10.27	51.35
MTO Average		15.62	2.70	5.83	29.15
Total Average		39.06	2.02	9.83	49.15
Total Average in First Quarter 2009		32.05	2.15	8.56	42.80

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	1500.00	4.05	11.19	2349.90	Less than one hour	N/A	Feb 12, 2009
Japan Post Bank	Bank	2500.00	2.81	14.72	3091.20	6 days or more	N/A	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	20.13	4227.30	3-5 days	N/A	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.80	20.32	4267.20	3-5 days	N/A	Feb 12, 2009
Resona Bank	Bank	4500.00	-0.97	20.46	4296.60	6 days or more	N/A	Feb 12, 2009
Suruga Bank	Bank	5500.00	2.10	28.29	5940.90	6 days or more	N/A	Feb 12, 2009
Bank Average		3700.00	3.16	20.78	4363.80
Bank/MTO Average		1500.00	4.05	11.19	2349.90
Total Average		3333.33	3.31	19.18	4027.80
Total Average in 2008		3142.86	1.19	16.16	3393.60

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Japan Post Bank	Bank	2500.00	2.05	6.86	3567.20	6 days or more	N/A	Feb 12, 2009
MoneyGram (Banco Itau SA)	Bank/MTO	1500.00	4.05	6.93	3603.60	Less than one hour	N/A	Feb 12, 2009
Resona Bank	Bank	4500.00	-0.97	7.68	3993.60	6 days or more	N/A	Feb 12, 2009
Citibank Japan	Bank	4000.00	1.08	8.77	4560.40	3-5 days	N/A	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	5.21	9.06	4711.20	3-5 days	N/A	Feb 12, 2009
Suruga Bank	Bank	5500.00	1.47	12.05	6266.00	6 days or more	N/A	Feb 12, 2009
Bank Average		3700.00	1.77	8.88	4617.60
Bank/MTO Average		1500.00	4.05	6.93	3603.60
Total Average		3333.33	2.15	8.56	4451.20
Total Average in 2008		3428.57	1.04	7.64	3972.80

Corridor note

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	14.29	4.05	11.19	22.38	Less than one hour	N/A	Feb 12, 2009
Japan Post Bank	Bank	23.81	2.81	14.72	29.44	6 days or more	N/A	Feb 12, 2009
Citibank Japan	Bank	38.10	1.08	20.13	40.26	3-5 days	N/A	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.80	20.32	40.64	3-5 days	N/A	Feb 12, 2009
Resona Bank	Bank	42.86	-0.97	20.46	40.92	6 days or more	N/A	Feb 12, 2009
Suruga Bank	Bank	52.38	2.10	28.29	56.58	6 days or more	N/A	Feb 12, 2009
Bank Average		35.24	3.16	20.78	41.56
Bank/MTO Average		14.29	4.05	11.19	22.38
Total Average		31.75	3.31	19.18	38.36
Total Average in 2008		29.93	1.19	16.16	32.32

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Japan Post Bank	Bank	24.04	2.05	6.86	34.30	6 days or more	N/A	Feb 12, 2009
MoneyGram (Banco Itau SA)	Bank/MTO	14.42	4.05	6.93	34.65	Less than one hour	N/A	Feb 12, 2009
Resona Bank	Bank	43.27	-0.97	7.68	38.40	6 days or more	N/A	Feb 12, 2009
Citibank Japan	Bank	38.46	1.08	8.77	43.85	3-5 days	N/A	Feb 12, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	5.21	9.06	45.30	3-5 days	N/A	Feb 12, 2009
Suruga Bank	Bank	52.88	1.47	12.05	60.25	6 days or more	N/A	Feb 12, 2009
Bank Average		35.58	1.77	8.88	44.40
Bank/MTO Average		14.42	4.05	6.93	34.65
Total Average		32.05	2.15	8.56	42.80
Total Average in 2008		32.97	1.04	7.64	38.20

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram	MTO	1500.00	1.04	8.18	1717.80	Instant	-	May 20, 2008
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
Western Union	MTO	2500.00	2.08	13.99	2937.90	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	20.09	4218.90	2 days	-	May 20, 2008
Resona Bank	Bank	4500.00	0.00	21.43	4500.30	2-7 days	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	27.23	5718.30	2-7 days	-	May 20, 2008
Bank Average		3600.00	1.04	18.18	3817.80
MTO Average		2000.00	1.56	11.09	2328.90
Total Average		3142.86	1.19	16.16	3393.60
First Quarter 2009		3333.33	3.31	19.18	4027.80

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram	MTO	1500.00	1.04	3.93	2043.60	Instant	-	May 20, 2008
Citibank Japan	Bank	2000.00	1.04	4.89	2542.80	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
Resona Bank	Bank	4500.00	0.00	8.65	4498.00	2-7 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	May 20, 2008
Western Union	MTO	4500.00	1.04	9.70	5044.00	Instant	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	11.62	6042.40	2-7 days	-	May 20, 2008
Bank Average		3600.00	1.04	7.96	4139.20
MTO Average		3000.00	1.04	6.81	3541.20
Total Average		3428.57	1.04	7.64	3972.80
First Quarter 2009		3333.33	2.15	8.56	4451.20

Corridor note

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.29	1.04	8.18	16.36	Instant	-	May 20, 2008
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
Western Union	MTO	23.81	2.08	13.99	27.98	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.10	1.04	20.09	40.18	2 days	-	May 20, 2008
Resona Bank	Bank	42.86	0.00	21.43	42.86	2-7 days	-	May 20, 2008
Suruga Bank	Bank	52.38	1.04	27.23	54.46	2-7 days	-	May 20, 2008
Bank Average		34.29	1.04	18.18	36.36
MTO Average		19.05	1.56	11.09	22.18
Total Average		29.93	1.19	16.16	32.32
First Quarter 2009		31.75	3.31	19.18	38.36

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.42	1.04	3.93	19.65	Instant	-	May 20, 2008
Citibank Japan	Bank	19.23	1.04	4.89	24.45	2-5 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
Resona Bank	Bank	43.27	0.00	8.65	43.25	2-7 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	May 20, 2008
Western Union	MTO	43.27	1.04	9.70	48.50	Instant	-	May 20, 2008
Suruga Bank	Bank	52.88	1.04	11.62	58.10	2-7 days	-	May 20, 2008
Bank Average		34.62	1.04	7.96	39.80
MTO Average		28.85	1.04	6.81	34.05
Total Average		32.97	1.04	7.64	38.20
First Quarter 2009		32.05	2.15	8.56	42.80

Corridor note

Remitting from Japan to Peru

Collection period for First quarter 2009 | 2008

See prices in JPY | USD

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	2500.00	0.60	12.50	2625.00	Less than one hour	Nationwide	Feb 13, 2009
Japan Post Bank	Bank	2500.00	2.05	13.95	2929.50	6 days or more	Nationwide	Feb 13, 2009
Citibank Japan	Bank	4000.00	0.30	19.35	4063.50	3-5 days	N/A	Feb 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	10.80	20.32	4267.20	3-5 days	Nationwide	Feb 13, 2009
Resona Bank	Bank	4500.00	-0.97	20.46	4296.60	6 days or more	N/A	Feb 13, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	1.41	25.22	5296.20	6 days or more	N/A	Feb 13, 2009
Suruga Bank	Bank	5500.00	1.47	27.66	5808.60	6 days or more	N/A	Feb 13, 2009
Bank Average		3916.67	2.51	21.16	4443.60
Bank/MTO Average		2500.00	0.60	12.50	2625.00
Total Average		3714.29	2.24	19.92	4183.20
Total Average in 2008		3214.29	1.04	16.35	3433.50

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	3200.00	0.60	6.75	3510.00	Less than one hour	Nationwide	Feb 13, 2009
Japan Post Bank	Bank	2500.00	2.05	6.85	3562.00	6 days or more	Nationwide	Feb 13, 2009
Resona Bank	Bank	4500.00	-0.97	7.69	3998.80	6 days or more	N/A	Feb 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	5.21	9.06	4711.20	3-5 days	Nationwide	Feb 13, 2009
Citibank Japan	Bank	4000.00	1.46	9.15	4758.00	3-5 days	N/A	Feb 13, 2009
Ogaki Kyoritsu Bank	Bank	5000.00	1.41	11.03	5735.60	6 days or more	N/A	Feb 13, 2009
Suruga Bank	Bank	5500.00	1.47	12.05	6266.00	6 days or more	N/A	Feb 13, 2009
Bank Average		3916.67	1.77	9.30	4836.00
Bank/MTO Average		3200.00	0.60	6.75	3510.00
Total Average		3814.29	1.60	8.94	4648.80
Total Average in 2008		3457.14	1.04	7.69	3998.80

Corridor note

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	23.81	0.60	12.50	25.00	Less than one hour	Nationwide	Feb 13, 2009
Japan Post Bank	Bank	23.81	2.05	13.95	27.90	6 days or more	Nationwide	Feb 13, 2009
Citibank Japan	Bank	38.10	0.30	19.35	38.70	3-5 days	N/A	Feb 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	10.80	20.32	40.64	3-5 days	Nationwide	Feb 13, 2009
Resona Bank	Bank	42.86	-0.97	20.46	40.92	6 days or more	N/A	Feb 13, 2009
Ogaki Kyoritsu Bank	Bank	47.62	1.41	25.22	50.44	6 days or more	N/A	Feb 13, 2009
Suruga Bank	Bank	52.38	1.47	27.66	55.32	6 days or more	N/A	Feb 13, 2009
Bank Average		37.30	2.51	21.16	42.32
Bank/MTO Average		23.81	0.60	12.50	25.00
Total Average		35.37	2.24	19.92	39.84
Total Average in 2008		30.61	1.04	16.35	32.70

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	30.77	0.60	6.75	33.75	Less than one hour	Nationwide	Feb 13, 2009
Japan Post Bank	Bank	24.04	2.05	6.85	34.25	6 days or more	Nationwide	Feb 13, 2009
Resona Bank	Bank	43.27	-0.97	7.69	38.45	6 days or more	N/A	Feb 13, 2009
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	5.21	9.06	45.30	3-5 days	Nationwide	Feb 13, 2009
Citibank Japan	Bank	38.46	1.46	9.15	45.75	3-5 days	N/A	Feb 13, 2009
Ogaki Kyoritsu Bank	Bank	48.08	1.41	11.03	55.15	6 days or more	N/A	Feb 13, 2009
Suruga Bank	Bank	52.88	1.47	12.05	60.25	6 days or more	N/A	Feb 13, 2009
Bank Average		37.66	1.77	9.30	46.50
Bank/MTO Average		30.77	0.60	6.75	33.75
Total Average		36.68	1.60	8.94	44.70
Total Average in 2008		33.24	1.04	7.69	38.45

Corridor note

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	10.57	2219.70	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	10.57	2219.70	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	11.61	2438.10	3 days	-	May 20, 2008
MoneyGram	MTO	2500.00	1.04	12.95	2719.50	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	20.09	4218.90	2 days	-	May 20, 2008
Resona Bank	Bank	4500.00	0.00	21.43	4500.30	2-7 days	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	27.23	5718.30	2-7 days	-	May 20, 2008
Bank Average		3333.33	1.04	16.91	3551.10
MTO Average		2500.00	1.04	12.95	2719.50
Total Average		3214.29	1.04	16.35	3433.50
First Quarter 2009		3714.29	2.24	19.92	4183.20

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	2000.00	1.04	4.89	2542.80	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	2000.00	1.04	4.89	2542.80	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	2000.00	2.08	5.93	3083.60	3 days	-	May 20, 2008
Resona Bank	Bank	4500.00	0.00	8.65	4498.00	2-7 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	4000.00	1.04	8.73	4539.60	2 days	-	May 20, 2008
MoneyGram	MTO	4200.00	1.04	9.12	4742.40	Instant	-	May 20, 2008
Suruga Bank	Bank	5500.00	1.04	11.62	6042.40	2-7 days	-	May 20, 2008
Bank Average		3333.33	1.04	7.45	3874.00
MTO Average		4200.00	1.04	9.12	4742.40
Total Average		3457.14	1.04	7.69	3998.80
First Quarter 2009		3814.29	1.60	8.94	4648.80

Corridor note

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.05	1.04	10.57	21.14	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.05	1.04	10.57	21.14	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.05	2.08	11.61	23.22	3 days	-	May 20, 2008
MoneyGram	MTO	23.81	1.04	12.95	25.90	Instant	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.10	1.04	20.09	40.18	2 days	-	May 20, 2008
Resona Bank	Bank	42.86	0.00	21.43	42.86	2-7 days	-	May 20, 2008
Suruga Bank	Bank	52.38	1.04	27.23	54.46	2-7 days	-	May 20, 2008
Bank Average		31.75	1.04	16.91	33.82
MTO Average		23.81	1.04	12.95	25.90
Total Average		30.61	1.04	16.35	32.70
First Quarter 2009		35.37	2.24	19.92	39.84

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Citibank Japan	Bank	19.23	1.04	4.89	24.45	2-5 days	-	May 20, 2008
Ogaki Kyoritsu Bank	Bank	19.23	1.04	4.89	24.45	3-7 days	-	May 20, 2008
Lloyds Remittance Service (Go Lloyds)	Bank	19.23	2.08	5.93	29.65	3 days	-	May 20, 2008
Resona Bank	Bank	43.27	0.00	8.65	43.25	2-7 days	-	May 20, 2008
Citibank Japan (Telegram Express)	Bank	38.46	1.04	8.73	43.65	2 days	-	May 20, 2008
MoneyGram	MTO	40.38	1.04	9.12	45.60	Instant	-	May 20, 2008
Suruga Bank	Bank	52.88	1.04	11.62	58.10	2-7 days	-	May 20, 2008
Bank Average		32.05	1.04	7.45	37.25
MTO Average		40.38	1.04	9.12	45.60
Total Average		33.24	1.04	7.69	38.45
First Quarter 2009		36.68	1.60	8.94	44.70

Corridor note

Remitting from Japan to Philippines

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	2.41	10.30	1957.00	Less than one hour	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	2000.00	4.13	14.66	2785.40	Same day	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	2000.00	4.13	14.66	2785.40	3-5 days	Nationwide	Sep 27, 2009
Metro Bank	Bank	2000.00	4.23	14.76	2804.40	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	14.96	2842.40	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	14.96	2842.40	6 days or more	Nationwide	Sep 27, 2009
Bank Average		2200.00	3.22	14.80	2812.00
MTO Average		1500.00	2.41	10.30	1957.00
Total Average		2083.33	3.08	14.05	2669.50
Total Average in First Quarter 2009		2000.00	2.48	12.01	2281.90

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	2.41	5.53	2654.40	Less than one hour	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	7.01	3364.80	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	2500.00	1.80	7.01	3364.80	6 days or more	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	2000.00	4.13	8.30	3984.00	Same day	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	2000.00	4.13	8.30	3984.00	3-5 days	Nationwide	Sep 27, 2009
Metro Bank	Bank	2000.00	4.23	8.40	4032.00	3-5 days	Nationwide	Sep 27, 2009
Bank Average		2200.00	3.22	7.80	3744.00
MTO Average		1500.00	2.41	5.53	2654.40
Total Average		2083.33	3.08	7.43	3566.40
Total Average in First Quarter 2009		2375.00	2.48	7.05	3384.00

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.79	2.41	10.30	20.60	Less than one hour	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	21.05	4.13	14.66	29.32	Same day	Nationwide	Sep 27, 2009
PNB (Philippine National Bank)	Bank	21.05	4.13	14.66	29.32	3-5 days	Nationwide	Sep 27, 2009
Metro Bank	Bank	21.05	4.23	14.76	29.52	3-5 days	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.32	1.80	14.96	29.92	6 days or more	Nationwide	Sep 27, 2009
Japan Post Bank	Bank	26.32	1.80	14.96	29.92	6 days or more	Nationwide	Sep 27, 2009
Bank Average		23.16	3.22	14.80	29.60
MTO Average		15.79	2.41	10.30	20.60
Total Average		21.93	3.08	14.05	28.10
Total Average in First Quarter 2009		19.05	2.48	12.01	24.02

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	1500.00	1.53	8.68	1822.80	Less than one hour	N/A	Feb 12, 2009
PNB (Philippine National Bank)	Bank	2000.00	3.17	12.70	2667.00	Same day	N/A	Feb 12, 2009
PNB (Philippine National Bank)	Bank	2000.00	3.17	12.70	2667.00	3-5 days	N/A	Feb 12, 2009
Japan Postal Bank	Bank	2500.00	2.05	13.95	2929.50	6 days or more	N/A	Feb 12, 2009
Bank Average		2166.67	2.80	13.12	2755.20
Bank/MTO Average		1500.00	1.53	8.68	1822.80
Total Average		2000.00	2.48	12.01	2522.10
Total Average in 2008		2000.00	2.88	12.41	2606.10

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram (Banco Itau SA)	Bank/MTO	14.29	1.53	8.68	17.36	Less than one hour	N/A	Feb 12, 2009
PNB (Philippine National Bank)	Bank	19.05	3.17	12.70	25.40	Same day	N/A	Feb 12, 2009
PNB (Philippine National Bank)	Bank	19.05	3.17	12.70	25.40	3-5 days	N/A	Feb 12, 2009
Japan Postal Bank	Bank	23.81	2.05	13.95	27.90	6 days or more	N/A	Feb 12, 2009
Bank Average		20.63	2.80	13.12	26.24
Bank/MTO Average		14.29	1.53	8.68	17.36
Total Average		19.05	2.48	12.01	24.02
Total Average in 2008		19.05	2.88	12.41	24.82

2100052000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
MoneyGram	MTO	1500.00	1.36	8.50	1785.00	Instant	-	May 20, 2008
Western Union	MTO	2500.00	2.04	13.95	2929.50	Instant	-	May 20, 2008
PNB (Philippine National Bank)	Bank	2000.00	5.25	14.77	3101.70	Same day to PNB account, otherwise 3-5 days	-	May 20, 2008
Bank Average		2000.00	5.25	14.77	3101.70
MTO Average		2000.00	1.70	11.22	2356.20
Total Average		2000.00	2.88	12.41	2606.10
First Quarter 2009		2000.00	2.48	12.01	2522.10

Corridor note

Due to the rounding up of decimal places for website compatibility, differences between the exchange rate charged and the interbank exchange rate may not be apparent in the table. The relevant RSPs do offer slightly different exchange rates, which are reflected in the exchange rate margin.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	14.29	1.36	8.50	17.00	Instant	-	May 20, 2008
Western Union	MTO	23.81	2.04	13.95	27.90	Instant	-	May 20, 2008
PNB (Philippine National Bank)	Bank	19.05	5.25	14.77	29.54	Same day to PNB account, otherwise 3-5 days	-	May 20, 2008
Bank Average		19.05	5.25	14.77	29.54
MTO Average		19.05	1.70	11.22	22.44
Total Average		19.05	2.88	12.41	24.82
First Quarter 2009		19.05	2.48	12.01	24.02

Corridor note