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Attached is the ERMS Discounting Memo as of 9/26/01.
Please note that the 9/26/2001 balance is based on the new method of calculating the discounting amount. The changes that were made are as followed: Old method New method Physical contract 55 days 55 days Financial contract 55 days 5 days Financial calendar 55 days 38 days Please let me know if you have questions. Thanks Anita
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