ATTENTION: MANAGING PARTNER/OFFICER, CASHIER, MANAGER REORGANIZATION DEPARTMENT,

As a result of recent tragic events, the following TEMPORARY CHANGES to NSCC processing will be in affect.

CNS BUY-INS  :

Under NSCC’s Buy In process, NSCC includes information regarding Buy-In Liability to short participants on the CNS Projection Report. 

Currently many NSCC Members are operating out of alternate operational facilities, and some have been experiencing communication difficulties with NSCC and our facilities manager, SIAC.

As a result, NSCC is concerned that notice of Buy-In Liability may not have been received by its Members.  As a result, NSCC will not permit Buy-In Executions when market trading resumes (i.e. on the day that trading resumes), nor on the day after. Any Notice of Intent to Buy-In submitted by Members effected by this notice must be resubmitted.

RECAPS:

The NSCC RECAP Cycle for scheduled for the week of September 17, 2001 has been postponed.  The next RECAP Cycle will take place in December, 2001 as previously scheduled.

CNS Corporate Actions:

In addition, Members are reminded that all CNS Corporate Actions (Voluntary and Mandatory) will be processed as directed by the terms of the Offer, unless extended or amended.

Members are urged to monitor the NSCC website at www.nscc.com for any additional Important Notices regarding changes to normal processing schedules.  

Kevin A. Brennan
Director,
Enterprise Service Center