We have received a notice dated 7/10/00 from Merrill Lynch International Bank  that it intends to transfer their FX business to Merrill Lynch International  Bank Ltd., a United Kingdom incorporated bank regulated by the SFA,   effective as of the fourth quarter of 2000.
We do have an ISDA Master  Agreement in place with Merrill Lynch International Bank.
I am sending a copy of the notice to Gary Hickerson & Tanya Rohauer (I am  also sending Tanya the financials of the new entity).
We will await Credit's  instructions as to how they would like to proceed after reviewing the  documentation.

Transfer of Merrill Lynch International Bank FX Business