The purpose of the Guidelines for Conversion of Loan Terms for ADB’s Flexible Loan Product (FLP) (the Conversion Guidelines) is to set out the procedures for requesting, accepting and effecting conversions of FLP Loans as specified in the Loan Agreements for such Loans (each a Loan Agreement) between Asian Development Bank (ADB) and a Borrower. The Conversion Guidelines are referred to in the Loan Agreement and in the Ordinary Operations Loan Regulations Applicable to Regular Loans Made from ADB’s Ordinary Capital Resources dated 1 January 2022 as modified from time to time (the Loan Regulations). Wherever necessary, the relevant loan conversion provisions in the Loan Agreement and Loan Regulations are indicated in these Conversion Guidelines.