With effect from the close of business on 19 March 2003, Cheviot Capital Limited ("Cheviot" or "the firm") will cease to use its Model B settlement arrangement with Pershing Securities Limited.
With effect from the start of business on 20 March 2003, Cheviot will self settle its business through CREST code 077.
Any outstanding transactions at the close of business on Wednesday 19 March 2003 will continue to settle under CREST Code 601.
Cheviot will continue to act as a broker dealer in a principal and agency capacity in UK domestic, international securities and gilts. The firm continues to have access to the SETS order book. Cheviot does not have access to the International Order Book.
|Issued by: Trader Sales and Access|
|Contact: 020 7797 3232 (STX 33232)|
|Issue date: 19 March 2003|
|Issue number: 2003/027|
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