Enron Mail

From: lmarshall@isda.org To: board@isda.org Subject: Memo to Board re Trading Practice Issues Cc: shigeru_asai@sanwabank.co.jp, chip.carver@gs.com, rainslie@isda.org,rmetcalfe@isda-eur.org Bcc: shigeru_asai@sanwabank.co.jp, chip.carver@gs.com, rainslie@isda.org,rmetcalfe@isda-eur.org Date: Mon, 24 Sep 2001 10:19:03 -0700 (PDT) In the wake of last week's disaster, we have had numerous requests for contingency decisions on issues of a trading practice nature. We are compiling a list of these questions for review by ISDA's Trading Practice Committee, chaired by Jonathan Moulds at Bank of America. If your firm has experienced or if you are aware of any such issues in relation to the market disruptions (eg: how to establish CMS/CMT rates for those days), please would you be prepared to raise them at tomorrow's Board Meeting. If necessary, ISDA may subsequently ask its Trading Practice Advisory Group to convene to address these issues. Louise Marshall Policy Director International Swaps and Derivatives Association 600 Fifth Ave, New York, NY 10020 Tel: 212 332 1214 Fax: 212 332 1212 lmarshall@isda.org