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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