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From: scarey@isda.org To: usregcomm@isda.org Subject: Background Memo - Sections 23A and 23B Cc: Bcc: Date: Wed, 16 May 2001 06:25:00 -0700 (PDT) Attached is the Sullivan & Cromwell backghround memo. Stacy Carey Policy Director International Swaps and Derivatives Association 600 5th Avenue, 27th Floor Rockefeller Center New York, NY 10020 (212) 332-1202 ph (212) 332-1212 fax (917) 543-9622 cell scarey@isda.org - gpm5177.pdf