Financial institutions, which support to distribute CDS Reference Rates for the infrastructure development of CDS market, are the following 15 financial institutions:

Designated Financial Institutions

Barclays Capital Japan Limited

Credit Suisse Securities (Japan) Limited

Deutsche Securities Inc.

JP Morgan Securities Japan Co., Ltd.

Merrill Lynch Japan Securities Co., Ltd

Mitsubishi UFJ Securities Co., Ltd.

Mizuho Corporate Bank, Ltd.

Mizuho Securities Co., Ltd.

Morgan Stanley Japan Limited

Nikko Citigroup Limited

Sumitomo Mitsui Banking Corporation

UBS Securities Japan Ltd.

(as of 24th October, 2008; 12 companies; in alphabetical order)