Enron Mail

From:lucianosteve@intesabci.it
To:rpickel@isda.org
Subject:Re: ISMA study on derivatives use by governments
Cc:board@isda.org, rainslie@isda.org, esebton@isda-eur.org,rmetcalfe@isda-eur.org
Bcc:board@isda.org, rainslie@isda.org, esebton@isda-eur.org,rmetcalfe@isda-eur.org
Date:Tue, 6 Nov 2001 03:50:07 -0800 (PST)

Today's FT (page 6 of the European edition) reports fully and faithfully about
the debt management via swaps of the Italian Treasury, and about the Yen
transaction that was apparently singled out in the ISMA study. Eurostat has
always been aware of the transactions, that have been specifically approved. I
attach a Bloomberg release on the issue. It is interesting that the ISMA study
is no longer available on ISMA web site. Also, I don't see in today's news any
trace of the press conference announced in the ISMA press release.

Luciano Steve

Robert Pickel wrote:

< <<ISMA.pdf<< Attached is a copy of a press release from ISMA regarding a
< study that they are releasing regarding the use of derivatives by a European
< government allegedly to facilitate its entry into EMU. This was reported on
< in the newspapers today. We are checking on the nature of the study. Any
< information any of you can provide would be appreciated.
<
< Bob
<
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< Name: ISMA.pdf
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