The March 28, 2004 launch date referenced in our joint press release issued on December 16, 2003 for the launch of the Global Clearing Link between The Clearing Corporation and Eurex Clearing represents the clearing organizations' targeted implementation date and is subject to prior satisfaction of applicable U.S. and European regulatory requirements and finalization of all required regulatory action.
Further, the February 1, 2004 date referred to in connection with US Futures Exchange's launch, is also subject to CFTC approval of USFE's application for designation as a U.S. contract market. Statements contained in the December 16, 2003 joint press statement relating to these dates are, accordingly, hereby retracted and superseded by the foregoing.
The Clearing Corporation and Eurex Clearing are working to ensure that the Global Clearing Link obtains all necessary regulatory approval and that the Global Clearing Link is fully acceptable to both U.S. and European regulators.
