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EMU Greek Protocol Attracts 138 Adherents.


Business Editors

LONDON--(BUSINESS WIRE)--Dec. 20, 2000

The International Swaps and Derivatives Association, Inc. (ISDA ISDA - Idaho State Department of Agriculture
ISDA - Il Signore Degli Anelli (Italian: Lord of the Rings)
ISDA - Indiana State Department of Agriculture
ISDA - Industrial Designers Society of America
ISDA - International Sport Divers Association
ISDA - International Swaps and Derivatives Association, Inc.
ISDA - International Systems Dealers Association
ISDA - Israel Stamp Dealers Association (Tel Aviv, Israel)
) announced today that a total of 138 dealers and end-user entities signed on to the EMU Protocol (Greece) by the December 15, 2000 deadline.

All three of ISDA's Greek dealers, Alpha Bank, EFG EFG - Early Flank Gate
EFG - Earth Federation Government (Mobile Suit Gundam)
EFG - Earth Fixed Geocentric
EFG - East Flower Garden Bank (Texas, USA)
EFG - Edge-defined Film-fed Growth
EFG - Egyptian Financial Group
EFG - Electric Field Gradient
EFG - Electronic Field Gathering
EFG - European Federation of Geologists
EFG - Evil Freakin' Grin (polite form)
 Eurobank
Eurobank
A financial institution that readily accepts foreign currency denominated deposits and makes foreign currency loans.

Notes:
The emergence of eurobanks has facilitated trade and investment between countries, which were difficult in the past for lack of intermediaries that would accept foreign currencies.
See also: Eurobond, Eurocurrency, Eurodollar
 and National Bank of Greece, signed the Protocol. The majority of firms elected all six annexes covering continuity of contract, price sources, payment netting, EMU-related definitions, bond options and equity derivatives.

The supporting English law and New York law legal opinions (provided by Allen & Overy and Cravath, Swaine & Moore, respectively) are now displayed on the dedicated EMU Protocol (Greece) section of ISDA's website. The full text of the Protocol is also displayed on the website.

ISDA is the global trade association representing leading participants in the privately negotiated derivatives industry. ISDA was chartered in 1985, and today has more than 500 member institutions from 40 countries on five continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the association's web site, www.isda.org.
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Publication:Business Wire
Date:Dec 20, 2000
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