*  *  *  Assistance provided by Smt. Theresa Karunakaran in preparation of this address is gratefully acknowledged.
The well-prepared financial institution will have completed steps (i) to (iii). It will now be engaged in step (iv) -- renovating systems and applications. The recommended completion date for this work, to allow sufficient time for testing, is the end of 1998. The renovation of critical systems should be finished by the middle of 1998.