ICAP is the world's largest interdealer broker with an average daily transaction volume in excess of $700 billion, more than 50% of which is electronic. The Group is active in the wholesale markets for OTC derivatives, fixed income securities, money market products, foreign exchange, energy, credit and equity derivatives. ICAP plc is listed on the London Stock Exchange (IAP.L) and joined the FTSE 250 Index in March 2001. www.icap.com

Exotix Limited is a specialist boutique in distressed and illiquid bonds and loans with a special emphasis on Emerging Markets. With offices in London, New York, Moscow, Jakarta and soon to be Buenos Aires, Exotix provides clients with unique and comprehensive pricing and research for some of the more funky Emerging Market Debts. For further information on all the services provided by Exotix Limited please visit their website at www.exotix.co.uk.

First Brokers Securities is the leading New York inter-dealer broker in U.S. dollar-denominated corporate debt. With some 100 brokers serving a global client base, First Brokers' leading position in corporate bonds complements ICAP's position as a leader in broking non-corporate bonds, particularly government bonds and Euro bonds. For further information please contact Ron Purpora at Tel: +1 212 815 9544, Fax: +1 212 815-9599, or email: ron.purpora@us.icap.com

United Energy is a leading Futures-Technical Advisory/Clearing/Execution firm. For more information, please visit them at their website: www.united-energy.com.

Guy Butler is a specialist broker concentrating on researching and selling high yield illiquid bonds, equities and distressed bank debt. Research can be provided on a number of credits. To access Guy Butler's website please click: www.guybutler.co.uk

Corretaje e Información Monetaria y de Divisas SA, CIMD, was founded in 1984 and was a leading broker in the money and foreign exchange markets. CIMD now operates as an interdealer broker across all sectors, through a number of different entities. For further information on Grupo CIMD and its subsidiaries, go to www.grupocimd.com.

Wrightson ICAP is an economics and bond markets research boutique that offers detailed, daily fundamental analysis to clients in the fixed income markets. Wrightson ICAP also publishes the research newsletter Money Market Observer, which covers major themes in the economy and bond markets. To find out more about these and other services offered by Wrightson ICAP, or to benefit from a free trial, go to www.wrightson.com

TriOptima was formed in 2000 to develop and market an early termination service for the interest rate swaps market. The TriReduce® service provides its customers with proposals to prematurely terminate a package of existing interest rate swap transactions simultaneously. Portfolio information from the major trading houses is passed to the sophisticated system at TriOptima which then produces a list of trades that can be terminated early. The TriReduce® service will target the current inventory of interest rate swaps, which are estimated by the BIS in 2001 to have notional value of $51 trillion. To find out how you can reduce your trading costs go to www.trioptima.net

Butlers is a consultancy company specialising exclusively in the provision of a wide range of financial services to local authorities. To discover how they are delivering best value in treasury consultancy, please click: www.butlerasset.com