14. FSM decided to purchase “Diesel” to mitigate difficulties of energy sector
15.
16. Progress status (as of OCT. 14, 2010) All JNPGA fund already drawn at August end, 2010 Agent fee: 58.4 (k$) Diesel (CIF): 1,894.8 Total: 1,953.3 (= 200MYen) Interest saving benefit for FSMPC 1,894.8 x 7.5%p.a. x 1/12 = 11.8 k$/mo. Usage of diesel stock (FOB: 1,444.6k$) Deposit to Counterpart Account (C/A): 722.3 - 1,444.6* Remainder to be handled by States: 722.3 - 0.0 total: 1,444.6 - 1,444.6* Next step action FSM to establish C/A at Bank FSM to develop Depositing plan through Jan. 2012 FSM to decide C/A fund utilization Need to consider “equal benefit” Fund utilization to be discussed with Japan (* FSMPC’s handling fee to be deducted)