With effect from the start of business on Monday 18 July 2005, Louis Capital Markets UK LLP ("Louis Capital" or "the firm") will change its settlement arrangement to a model A agreement with Kas Bank NV. Any outstanding positions at the close of business on Friday 15 July 2005 will continue to be settled under CREST code 303.
Louis Capital continues to act in a principal capacity. The firm continues to have access to SETS and SETSmm. The firm does not have access to the International Order Book.
|Issued by: Client Implementation Team|
|Contact: 020 7797 3232|
|Issue date: 15 July 2005|
|Issue number: 2005/111|
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