ISDA International Swaps and Derivatives Association, Inc.
600 Fifth Avenue 
Rockefeller Center - 27th floor
New York, NY 10020
USA

MEMO TO: 	ISDA Credit Derivatives Market Practice Committee 
FROM: 	Louise Marshall (LMarshall@isda.org ); Katia D'Hulster
(KDHulster@isda-eur.org); Kimberly Summe (KSumme@isda.org)
DATE: 	November 4, 2001 
RE: 		NOVEMBER 5 CREDIT DERIVATIVES MEETING

Please find attached blacklined copies of materials to be discussed at the
ISDA Credit Derivatives Market Practice Committee meeting of November 5 at
9am New York time/2pm London time. 
These are: the Supplement Relating to Convertible, Exchangeable and
Accreting Obligations and Commentary; the Successor Definition and
Memorandum; the Summary of Short-term Issues; and the Credit Derivatives
User's Guide.
These documents remain in draft form. Changes reflect comments received from
members since the documents were circulated to the committee during the past
several weeks. 

Agenda
Welcoming remarks and brief outline of the G6 work since May      

Work undertaken by the committee this year
Successor Definition and Memorandum  
Summary of Short-term Issues                             		
Convertible, Exchangeable and Accreting Obligations             	
Credit Derivatives User's Guide

Next Steps
The committee process and structure:
How ISDA will address future projects, such as a revised Definitions
booklet, loan settlement issues, and a review of modified Restructuring; 
Election of new subcommittee participants, including establishment of an
Emerging Markets subcommittee;
2002 ISDA Credit Derivatives Definitions;		
FAS 133 as it affects Credit Derivatives

Synthetics Task Force and other Basel-related projects

London Location:
Lehman Brothers
The Goldfish Bowl
Third Floor
One Broadgate
London EC2M 7HA

New York Location:
Swiss Re
55 East 52nd Street
44th Floor
New York
NY 10055

We strongly encourage members to attend in person.
For those who are unable to do so, dial-in details are:
Conference Name:  	ISDA CREDIT DERIVATIVES
US Dial-in Number:    	(800) 432-2192
International Dial-in:  (309) 671-1041
Participant Code:  	114393

PLEASE BRING THIS INVITATION WITH YOU TO SATISFY SECURITY REQUIREMENTS




 <<DVComparison_#25544 v4 - Supplement Relating to Convertible Obligations,
etc-#25544 v6 - Supplement Relating to Convertible Obligations, etc.DOC>>  
<<DVComparison_#25258 v7 - Commentary on Credit Derivatives Supplement
(Convertibles, etc)-#25258 v8 - Commentary on Credit Derivatives Supplement
(Convertibles, etc).DOC>>  <<Successor Memo.DOC>>  <<Successor
language.DOC>>  <<Summary of Short Term Nov 3.doc>>  <<Credit Derivatives
Definitions UG v4.doc>>