I attach detailed advice on Canada as requested.

Regards.



Paul






   
	
	
	From:  Mark Taylor                           15/05/2000 19:54
	

To: Paul Simons/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:  

Subject: Bankruptcy Swaps with Canadian Reference Entities

The Houston desk has asked me to prepare a form of confirm for a credit 
derivative based on the bankruptcy of a Canadian reference entity.  Before I 
talk to Canadian counsel about the bankruptcy laws there I thought I should 
check with you guys and make sure you haven't done this already - any issues 
you know of?
Thanks, Mark