There are still certain jurisdictions where we are not offering the product: 
Germany and Canada come to mind.




David Forster
02/25/2000 04:10 PM
To: Mark Taylor/HOU/ECT@ECT
cc:  
Subject: Credit Derivatives

Mark,

I recall at one time, we were concerned that Credit Derivatives could be 
considered to be insurance, and therefore we would come under certain 
regulations. I assume this was resolved to our satisfaction?

Dave