How big a presence is National Power in the market?  Are they analogous to a 
dealer?   Mark
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 02/14/2000 
01:31 PM ---------------------------


Mary Cunningham <MCUNNINGHAM@isda.org> on 02/11/2000 04:57:40 PM
To: ISDA BOARD <BOARD@isda.org>, Richard Grove <RGROVE@isda.org>
cc: Robert Pickel <RPICKEL@isda.org>, Ruth Ainslie <RAinslie@isda.org>, Nick 
Collier <ncollier@isda-eur.org>, Susan Hinko <SHINKO@isda.org>, Camille Irens 
<cirens@isda-eur.org>, Corrinne Greasley <CGREASLEY@isda.org> (bcc: Mark E 
Haedicke/HOU/ECT)
Subject: Member Applications



We have received applications for membership from the following five
institutions.  They will go for approval at the next Executive Committee
meeting on Wednesday, February 23.

Please let me know if you know International Financial Systems, Prudential
Banking or HBK Investment.

Thanks,
Mary

Associate:
1.  International Financial Systems - a software company.  System is known
as MarginMan and clients include ABN Amro, Deutsche and Dresdner

Non-Dealer Subscriber:
2.  Prudential Banking PLC - a UK retail bank
3.  Britannia Building Society

Subscriber:
4.  National Power PLC - power/energy gerneration and supplier
5.  HBK Investments L.P. - a hedge fund headquartered in Dallas.  Was formed
in 1991 by Harlan B. Korenvaes, a former Managing Director in the equity
division at Merrill Lynch