ISDA International Swaps and Derivatives Association, Inc.
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-1200
Facsimilie: (212) 332-1212
Website: www.isda.org <http://www.isda.org>


MEMO TO:		Latin American Committee

FROM:			Pedro D. Martinez

DATE:			October 2, 2001

RE:			Next Brazilian Subcommittee Meeting


Dear All,

Based on your responses our Next Brazilian Subcommittee Meeting will be held
on Thursday, October 4, 2001 at 11:00 am New York time at ISDA. As usual, we
will provide a call in number for people that are traveling or located
abroad.

ISDA is considering a visit to Brazil of several days in order to hold
meetings with the Central Bank as well as other regulators - NMC, e.g.,
market players, netting legislation contacts, lawyers working on master
agreement development, and others in order to further the agenda of the
Brazilian Subcommittee and to be able to prepare for the conference planned
for Brazil next year.

In preparation for our subcommittee meeting ISDA would like to obtain from
your institution by Thursday a list ("Wish List") of local OTC derivatives
market issues for ISDA to address as well as suggestions for meetings and
organizations with which ISDA might meet to address these issues. This "Wish
List" will be of enormous help to ISDA for purposes of having an adequate
and focused agenda for planning visits with a number of Brazilian
institutions and authorities. 

Please reply R.S.V.P. by email to Scott Marra (smarra@isda.org) if you would
like to attend.

If you have additional suggestions in terms of the topics to be included in
our agenda please do not hesitate to contact me. 

Best Regards,

Pedro Martinez - Delgado
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, NY 10020-2302
Direct: (212) 332-1207
Fax: (212) 332-1212
Email: pmartinez@isda.org