Following the recent administration of Railtrack and the draft Memorandum to Members of 11 October circulated by ISDA (copy attached for info), a number of you have expressed a wish to formally respond to ISDA on the issues raised.
I've attached the draft we propose to send to ISDA.
If you could let me have any thoughts/comments on the draft as soon as possible.
I'll leave the decision as to when/if to submit the letter to Bryan.
Thanks and regards,

Draft letter to ISDA re. "Not Contingent" and convertible bonds
Following the recent administration of Railtrack and the draft Memorandum to Members of <NUMBER> October circulated by ISDA (copy attached for info), a number of you have expressed a wish to formally respond to ISDA on the issues raised.
I've attached the draft we propose to send to ISDA.
If you could let me have any thoughts/comments on the draft as soon as possible.
I'll leave the decision as to when/if to submit the letter to Bryan.
Thanks and regards,
wish formally respond railtrack draft memorandum letter bryan following recent administration leave number expressed copy attached info regards isda issues