[15941]
April 24, 2003
TO: INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 18-03
RE: CANCELLATION OF MAY 7TH MEETING
We regret to inform you that the May 7, 2003 International Operations Advisory
Committee (IOAC) meeting to be held at the Fairmont Southampton Princess, in Bermuda has
been cancelled due to a limited number of expected attendees. Most of the committee members
unable to attend have cited budget constraints for this particular meeting venue. The clearing
and settlement organization presentations scheduled for the May 7th meeting (DTCC, Euroclear
and Clearstream) have been rescheduled for the September 18, 2003 IOAC meeting to be held in
Washington, D.C.
In lieu of conducting a formal meeting on May 7th we have scheduled an informal lunch
meeting for IOAC members who are in Bermuda, following the close of the IBA/ICI
Globalisation Conference, where we plan to discuss current international operations issues and
topics for future IOAC meetings. The IOAC lunch will be held in the Gardenia I meeting room
at the Fairmont Southampton Princess from 12:00 to 2:00 p.m. We will be contacting those
members who planned to attend the May 7th meeting to confirm attendance for the IOAC lunch.
If you have not confirmed your attendance for the May 7th meeting, and would like to attend the
IOAC lunch, please contact Meghan Graves at the ICI (202-326-5852 or mgraves@ici.org).
We are sorry for any inconvenience this may have caused you. Please contact either of
the undersigned if you have any questions or concerns.
Ghassan Hakim Kathleen C. Joaquin
Franklin Templeton Director – Transfer Agency
Chair & International Operations
International Operations Advisory Committee