RE: Master Agreement Structural Issues Working Group Meeting, Wednesd ay, March 21 at 9:00 a.m. (NY time) 2:00 p.m. (London ti

Please find attached a slightly revised (by Joe Carrico) draft of the
ISDA/GMRA Insolvency Bridge, which takes the approach, if a Bankruptcy Event
of Default occurs, of deeming relevant repo transactions to be Transactions
under the ISDA Master Agreement. While we wish to focus our discussion
tomorrow on the draft "Cross-Agreement Bridge", we would be happy to hear
some further discussion on this type of approach.

<<GMRA insolvency bridge-20March01.doc<<

John Berry
International Swaps and Derivatives Association, Inc.
One New Change, London, EC4M 9QQ
Tel: +44 20 7330 3550
Fax: +44 20 7330 3555
e-mail: jberry@isda-eur.org
http://www.isda.org

-----Original Message-----
From: Cynthia Richards [mailto:CRICHARDS@isda.org]
Sent: 19 March, 2001 20:28
To: Angela Papesch; beat.gabathuler@zkb.ch;
charles.ross-stewart@ib.bankgesellschaft.de; David Benton; David Wysoki;
ernst.decker@bhf-bank.com; fcaputo@bci.it; gabriel.benincasa@msdw.com;
harvey@sbcm.com; John Berry; Kimberly Summe; lewis_david@jpmorgan.com; Mark
Taylor; Richard Tredgett; Robert Pickel; svenokur@lehman.com
Subject: Master Agreement Structural Issues Working
Group Meeting, Wednesd ay, March 21 at 9:00 a.m. (NY time) 2:00 p.m.
(London time)

In reference to the above mentioned subject, for those who
cannot attend
this meeting in person please note the call in information:

International call 865 544 0268

Domestic call 800 680 2473

Participation Code 409 685

Host Code 311 114

- GMRA insolvency bridge-20March01.doc