hsi.chang and other OW FTers,

Just got off the phone with a lovely agent at BA Budapest and acquired the most recent pricing for OWE ex-BUD.

C F
3 704,600 1,050,000
4 845,300 1,260,000
5 971,300 1,449,000
6 1,115,200 1,666,400 (HUF)

As of September 1, 2000, the FX is at 1USD=294HUF. (HUF is highly correlated with EUR and accordingly continues to weaken against the dollar substantially.)

I'm pretty sure Hungary is one of the most cheapest places to originate an OWE, other than India, Seychelles, Mauritius and Korea. France and Germany come relatively close.

I'm sure we'll all appreciate if anyone can post their experience when they have issued an OWE in Hungary.