1-month foreign-currency time deposit with bonus interest PowerTrial (Otameshi Gaika)

Individual customers with PowerFlex accounts

From September 1, 2007 to September 28, 2007 (Only for customers who specify E-month foreign-currency time deposit with bonus interestEwhen making deposit under the conditions mentioned below.)

1 month (fixed)

• In principle, the maturity date corresponds to the day 1 month after deposit is made.
• If the deposit is made on the last day of the month, the maturity date is the last day of the following month in which the deposit was made.
• Rollover at maturity is an option at the time the deposit is initially made.

1. Deposit method: Lump sum deposit. However, deposits shall be made by transfers from PowerFlex Yen Savings Deposit during September 1, 2007 to September 28, 2007 (deposits by 9 p.m. on the final day).
2. Currency: US Dollar (USD), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD) and New Zealand Dollar (NZD).


3. Minimum deposit:
   
   

   Financial Centers or PowerCall (telephone banking)	1,000,000 yen equivalent or more
   PowerDirect (online banking)	100,000 yen equivalent or more



4. Maximum deposit:
   
   

   Financial Centers or PowerCall (telephone banking)	No limit.
   PowerDirect (online banking)	Weekdays: 5,000,000 yen equivalent or more
   	Weekends and Holidays: 2,000,000 yen equivalent or more

   
   (Weekdays are Tokyo time, Monday 6 a.m. to Saturday 5 p.m., and during opening hours of 1 or more of the foreign currency markets. Weekends and holidays are the hours other than the weekdays.)
5. Deposit unit: In 1 auxiliary unit of the currency.

There are 3 options.

• Principal rollover: Only the principal is reinvested in a new time deposit for the same term. Interest is credited to a savings account for the available corresponding currency.
• All rollover: Principal and interest (excluding the bonus interest) are reinvested in a new time deposit for the same term. Bonus interest is credited to the PowerFlex Yen Savings Deposit.
• Cancellation: Principal and interest are credited to a savings account for the available corresponding currency.
  
  The options for principal rollover and all rollover: The interest at the Bank's counters is applied on the rollover date. Please note that bonus interest does not apply.
  The choice must be made by 7 p.m. on the day before maturity.

1. Rates:

ERates displayed each day at Shinsei Financial Centers on the day of deposit will apply until maturity. Bonus interest is added at maturity as below.



Yen deposit amount	USD	EUR	CAD	AUD	NZD
100,000 yen or more , less than 1,000,000 yen	7.0% p.a.	8.50% p.a.	8.50% p.a.	11.50% p.a.	10.00% p.a.
1,000,000 yen or more , less than 3,000,000 yen	7.0% p.a.	8.50% p.a.	8.50% p.a.	11.50% p.a.	10.00% p.a.
3,000,000 yen or more	7.0% p.a.	8.50% p.a.	8.50% p.a.	11.50% p.a.	10.00% p.a.


Further details are available at the Bank's counters or from PowerCall (telephone banking).


2. Payments

EInterest is paid in a lump sum at maturity, depending on the option stated in item 6.


3. Calculation method

EThe term used for calculation is from the day the deposit is made to 1 day before maturity. Interest is applied to single units of the relevant currency calculated on a 365-days-a-year basis. Interest is rounded down to the nearest whole number. Interests at the Bank's branch counters and bonus interests are calculated separately.

Interest of payouts paid to customer after maturity depends on handling at maturity.

Principal rollover or all rollover: Interest rate as displayed in Shinsei Financial Centers on the day of rollover will apply. Refer to above 7. for payments.

Cancellation: After interest is credited to PowerFlex Yen Savings Deposit, interest rate of Savings Deposit for the corresponding currency is applied. For payments, refer to Product Description of PowerFlex Foreign Currency Savings Deposit.

• The Bank’s exchange rate (TTS / TTB) including exchange fee shall apply for deposits and withdrawals in Yen. Therefore, even without exchange rate fluctuations, the principal is not guaranteed.
• Exchange rate fee is 1 yen per 1 unit of the base currency. (As of September 1, 2007. The fee is subject to change)
• Exchange fee differs depending on the currency. Further details are available at the Bank’s counters or from PowerCall (telephone banking).

Foreign exchange forward contracts are not available.

If the account payouts are not converted to another currency, the principal is guaranteed. Should the payouts be converted to another available currency, the principal may be less than the original deposit amount.

An additional handling fee is required for foreign currency remittances. Please contact a Shinsei Financial Center or PowerCall (telephone banking) for further information.

Not covered by deposit insurance.

In principle, cancellation is not permitted before maturity.
However, should cancellation take place before maturity, no interest is paid. If the funds are cancelled before maturity and converted to Yen, the principal may not be guaranteed, depending on the exchange rate fluctuations. When the funds are converted to Yen, our Bank's exchange rate (TTB) including exchange fee shall apply. Therefore, even without exchange rate fluctuations, the principal may not be guaranteed.

20% withholding tax is deducted from the interest.
Exchange gains: Subject to comprehensive income taxation and should be declared as miscellaneous income on your tax return.
Exchange losses: Deducted from miscellaneous income.
Maruyu tax exemptions do not apply.

It is not possible to have an overdraft.

Bonus interest is paid in a lump sum on the maturity date. Please note that the interest rate indicated in the monthly account statement or online (PowerDirect) is the interest displayed at the Bank’s various branch counters, and will not include the bonus interest above.