DAIWA SECURITIES GROUP

financial services, namely trading, buying and selling securities, securities brokerage, and underwriting securities for others; management of customer accounts for securities; securities trustee services, namely holding and managing ownership of securities for others; securities investment custodial services; performing swap transactions for others; issuance and sales of pass-through and mortgage securities for others; and financial management services for subsidiary companies; management services for the pension plans for employees of subsidiary companies