We continue to improve the functions of  i-Deal , a system  which allows our clients to execute their foreign exchange  transactions on the Internet. The Treasury Unit continues to fully  support our clients by meeting their market transactional needs  and offering the highest level of services in the industry. to attend intensive educational training in Tokyo. Furthermore,  we continue to focus on the development of human resources in  Asia, where our business continues to develop tremendously, by  providing our national staff with seminars and e-learning programs  developed by the Asia Pacific Training Department, in order for  them to be able to offer the best solutions for our clients. SMBC is enhancing its initiatives for global environmental  businesses.  It has provided co-financing as the lead bank for the  commercial solar power generation business project which is  scheduled to start in the fiscal year 2014 in Spain. This financing  utilized the insurance system of Nippon Export and Investment  Insurance (“NEXI”), and was its first project to support Japanese  companies going overseas for the purpose of engaging in power  generation businesses utilizing renewable energies. We strive to perform appropriate ALM and trading opera- tions by responding to the changes in the financial market to  generate consistent earnings. The Treasury Unit pursues to maximize its earnings through the  ALM and trading operations, while controlling the market and  liquidity risks, by searching for trends in the various financial  markets. SMBC continues to strengthen its initiatives for renew- able energy businesses, and to proactively promote the  development of overseas environmental businesses. SMFG strives to offer increasingly high valued services to meet  more sophisticated and diverse needs of its clients for trans- actions in the money, foreign exchange, bond and derivatives  markets through the Treasury Unit of SMBC. In order to maintain  and further enhance profitability while managing risks appro- priately, the Treasury Unit focuses on the following three goals  of: (a) increasing volumes generated from clients’ transactions;  (b) strengthening its Asset-Liability Management (ALM) system  and trading skills; and (c) ensuring portfolio management of its  assets and liabilities. For the environmental changes in the foreseeable future, we  are taking measures to diversify the medium- to long-term  fund procurement channels. In January 2011, we again  issued the U.S. Dollar-denominated straight bonds in the  United States and other global markets, following the issu- ance in 2010. In order to meet our clients’ market transaction needs, we are increasing our line-up of foreign currencies, mainly Asian and  also other emerging-market currencies. We are also com- mitted to updating our clients with the information related to  the foreign exchange transactions by offering seminars con- ducted by economists specialized in Asian financial markets. SMBC offers solutions appropriate for the market transactional  needs of its clients by working with branches to present to its  corporate clients with the proposals for such as hedging trans- actions, reflecting the shifting trends in the financial markets. SMFG  2011 15 ◆  Expanded Offerings of Currencies of Asia and  Other Emerging Markets More Solutions and Services for Clients’  Market Transactions ◆  Issuance of U.S. Dollar-denominated Straight  Bonds in the Global Markets Topics  ■  Treasury Markets ◆ Overseas Environmental Business Opportunities Topics ALM and Trading Operations Customers Interbank Market Corporate Business Offices, Branches Customer order flow Treasury Unit Planning Dept. Planning and research Treasury Marketing Dept. Transactions with customers Enhance customer convenience by improving our services Trading Dept. Trading Efficient operations  based on  order-initiated trades  and ALM hedging Derivative  transactions CD, CP  transactions Bond  transactions Treasury Dept. International  Treasury Dept. ALM (Asset Liability Management) Precise ALM operations and liquidity management Deposits Loans Bonds Alternative  investments Fund and bond transactions ALM  operations Foreign exchange  transactions