Set out below is the replacement cost of contracts from customer in the following industries:  Set out below are the maturities and weighted average interest rates paid and received on derivative contracts: BMO FINANCIAL GROUP ANNUAL REPORT 2002 89 Transactions are conducted with counterparties in various geo- graphic locations and industries. Set out below is the replacement cost of contracts from customers located in the following countries based on country of ultimate risk:  2002 200 1 Canada $ 4,362 19% $ 4,639 20% United States 10,789 47 11,694 50 Other countries 7,978 34 7,203 30 Total $ 23,129 100% $ 23,536 100% 2002 Interest rate Foreign exchange Commodity Equity Credit contracts contracts contracts contracts contracts Financial institutions $ 15,324 86% $ 2,496 74% $  842 53% $ 115 42% $ 6 100% Other 2,552 14 876 26 756 47 162 58 — — Total $ 17,876 100% $ 3,372 100% $ 1,598 100% $ 277 100% $ 6 100% 2001 Interest rate Foreign exchange Commodity Equity Credit contracts contracts contracts contracts contracts Financial institutions $ 13,504 84% $ 2,590 71% $ 1,129 31% $ 100 58% $ — — Other 2,569 16 1,054 29 2,517 69 73 42 — — Total $ 16,073 100% $ 3,644 100% $ 3,646 100% $ 173 100% $ — — Term to maturity 2002 2001 Total Total Within 1 to 3 3 to 5 5 to 10 Over 10 notional notional 1 year years years years years amount amount Interest Rate Contracts Rate %  Rate %  Rate %  Rate %  Rate %  Fixed/Floating Swaps Canadian $ pay fixed $  39,697 4.05 $ 28,636 4.95 15,510 5.42 $ 10,824 5.62 $ 3,013 6.14 $  97,680 $ 79,835 Canadian $ receive fixed 31,581 4.41 35,467 4.88 26,822 5.13 17,290 5.49 2,982 6.07 114,142 96,027  US $ pay fixed 41,532 4.32 41,677 4.45 18,608 5.39 22,417 6.20 6,070 6.72 130,304 138,213  US $ receive fixed 39,694 3.77 32,704 4.78 18,876 5.30 23,063 5.93 5,790 6.78 120,127 109,069  Basis swaps 7,006 na 7,800 na 2,133 na 2,767 na — na 19,706 21,023  Other swaps 146,026 na 69,516 na 19,342 na 29,830 na 1,326 na 266,040 840,446  Total interest rate swaps 305,536 215,800 101,291 106,191 19,181 747,999 1,284,613  Forward rate agreements,  futures and options  549,786 na 100,346 na 26,634 na 37,422 na 2,423 na 716,611 854,632  Total Interest Rate Contracts 855,322 na 316,146 na 127,925 na 143,613 na 21,604 na 1,464,610 2,139,245  Foreign Exchange Contracts Cross-currency swaps 389 na 11,125 na 1,430 na 4,263 na 1,141 na 18,348 18,133  Cross-currency interest rate swaps 12,971 na 13,136 na 6,013 na 10,653 na 1,894 na 44,667 51,984  Forward foreign exchange  contracts, futures and options 327,725 na 8,214 na 800 na 299 na 25 na 337,063 297,187  Total Foreign Exchange Contracts 341,085 na 32,475 na 8,243 na 15,215 na 3,060 na 400,078 367,304  Commodity Contracts Swaps 10,984 na 4,774 na 849 na 349 na — na 16,956 17,159  Futures and options 18,551 na 3,284 na 53 na — na — na 21,888 29,369  Total Commodity Contracts 29,535 na 8,058 na 902 na 349 na — na 38,844 46,528  Total Equity Contracts 12,367 na 715 na 132 na 92 na 503 na 13,809 10,176 Total Credit Contracts 879 na 111 na 1,100 na — na — na 2,090 534 Total  $ 1,239,188 na $ 357,505 na 138,302 na $ 159,269 na $ 25,167 na $ 1,919,431 $ 2,563,787  Other swaps are contracts where the fixed side is denominated in a source currency other than Canadian $ or US $. na — not applicable as weighted average rates are not meaningful. US $ amounts are presented in Canadian $ equivalents. Basis swaps are floating interest rate swaps where amounts paid and received are based on different indices or pricing periods. Rates represent the weighted average interest rates which we are contractually committed to pay/ receive until the swap matures. The floating side of substantially all Canadian $ swaps is based on  the one-month or three-month Canadian BankersGLYPH<213> Acceptance Rate. For US $ swaps the floating side is generally based on the one-month, three-month or six-month London Interbank Offered Rate.