8705 Qualification System for CIÉ Foreign Exchange Services

for fuel in the CIÉ Group. The amount required will depend on the forecasted fuel usage. CIÉ Tours International is a wholly owned subsidiary of CIÉ and is the largest inbound tour operator in Ireland. CIÉ Tours generate revenue in USD, CAD and these currencies are sold against EUR. CIÉ Tours also

pay GBP to UK based suppliers for clients travelling in the UK. The CIÉ Group may also have a requirement to buy at spot rate to meet the needs of its activities.