FYI - 
---------------------- Forwarded by Matthias Lee/SIN/ECT on 12/01/2000 03:12 
PM ---------------------------


"Nellie Lim" <nlim@isda.org> on 12/01/2000 12:22:33 PM
Please respond to <nlim@isda.org>
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cc: "Angela Papesch \(E-mail\)" <apapesch@isda.org>, 
<jeremy.walsh@sg.standardchartered.com>, <azam.mistry@hsbc.com>, 
<Chin.Chong.Liew@AllenOvery.com>, <Tricia.bowden@gs.com> 

Subject: SAFE AND OTHER ISSUES



Dear HK & SEA  Steering Committee and Legal & Regulatory Committee Members
?
As many of you are aware, ISDA has recently  received a reply from the 
StateAdministration of Foreign Exchange ("SAFE") of the People's Republic  f 
China to its previous request for  assistance in clarifying whether 
aderivative transaction with a PRC counterparty would require 
atransaction-specific approval from the SAFE. We  have now received a 
replyfrom the SAFE,  as you can see from the attached.
?
Also attached?are : i)?a memo in reference to Master  Agreement 
in?Confirmations;Change in?telerate listing pages for certain LIBOR  ratesand 
ii) Minutes of the Credit Derivatives  Documentation Task Force Restructuring 
Meeting held on 13 November 2000 in New  York.
?
Please do not hesitate to contact me should you  have any queries 
accessingthe attached  files.
?
Best  regards
Nellie  Lim
Office Manager, SEA
ISDA - International Swaps & Derivatives  Association, Inc
1 Robinson Road, #18-00 AIA Tower, Singapore  048542
Tel: +65 538 3879? Fax: +65 538  6942
email: nlim@isda.org?- http://www.isda.org
 - SafeMemo.pdf
 - SafeLtr.pdf
 - Gitic - Reply - 29Nov00.PDF
 - Gitic - ReplyTransl - 29Nov00.PDF
 - rmacmemo.pdf
 - Minutes on  Restructuring Meeting.doc