LONDON-December 15, 2000. The International Swaps and Derivatives Association, Inc. (ISDA) announced today that a total of 138 dealers and end-user entities signed on to the EMU Protocol (Greece) by the December 15, 2000 deadline. All three of ISDA's Greek dealers, Alpha Bank, EFG Eurobank and National Bank of Greece, signed the Protocol. The majority of firms elected all six annexes covering continuity of contract, price sources, payment netting, EMU-related definitions, bond options and equity derivatives.

The supporting English law and New York law legal opinions (provided by Allen & Overy and Cravath, Swaine & Moore, respectively) are now displayed on the dedicated EMU Protocol (Greece) section of ISDA's website. The full text of the Protocol is also displayed on the website.