RE: Trade vs Contract

[harry.mcallister@xxxxxxxxxxxxxxxxx]

I skimmed your doc - nice work - I'll try to comment at greater length
before the MTF.

Is it worth bringing out the point that we have no definition of how a
'trade' becomes a 'contract', other than a vague assertion that an
allocation process has to take place (which it doesn't always, or in every
market).

A couple of pedantic sub-editor points:

Introduction: "Originally the CUG notification messages *where* based on
the standard ..."

Why Contract?: "Under this definition many of the business processes ...
should *by* changed to work with contracts."

Thanks,
Harry




                                                                           
           Internet                                                        
           andrew.jacobs@                                                  
           btinternet.com                                               To 
                                  mtf@xxxxxxxx                             
           Sent by:                                                     cc 
           mtf@xxxxxxxx                                                    
                                                                   Subject 
           23/07/2008             RE: Trade vs Contract                    
           22:03                                                           
                                                                           
                                                                           
           Please respond                                                  
                 to                                                        
            mtf@xxxxxxxx                                                   
                                                                           
                                                                           




      Two copies for the price of one. Please use the larger of the
      documents.

      Ja mata.

      Andoru- Je-kobusu
            -----Original Message-----
            From: mtf@xxxxxxxx [mailto:mtf@xxxxxxxx] On Behalf Of Andrew
            Jacobs
            Sent: 23 July 2008 21:30
            To: mtf@xxxxxxxx
            Subject: Trade vs Contract



            For your collective cogitation.


            Thanks

            Andrew Jacobs
            Director, HandCoded Consulting Ltd.
            Director, HandCoded Software Ltd.
            Mob: +44 (0)7710 304239




This communication is confidential, may be privileged and is meant only for the intended recipient.  If you are 
not the intended recipient, please notify the sender by reply and delete this message from your system.  Any 
unauthorised dissemination, distribution or copying hereof is prohibited.

BNP Paribas Fund Services UK Limited, BNP Paribas Trust Corporation UK Limited, BNP Paribas UK Limited, 
BNP Paribas Commodity Futures Ltd and Investment Fund Services Limited are authorised and regulated by 
the Financial Services Authority.

BNP Paribas, BNP Paribas Securities Services and BNP Paribas Private Bank are authorised by the CECEI 
and AMF.  BNP Paribas London Branch, BNP Paribas Securities Services London Branch and BNP Paribas 
Private Bank London Branch are regulated by the Financial Services Authority for the conduct of their UK 
business.  BNP Paribas Securities Services London Branch is also a member of the London Stock Exchange.