To: Associate Members (Dealing)/ Full Members

No. 09/00


Members' Professional Indemnity Insurance Scheme

Following its previous practice, the Exchange will shortly be arranging for a blanket indemnity policy to be obtained in respect of relevant Members, to ensure that they have professional indemnity insurance as required by the Business Rules of the Exchange. In order to set the rates for the 2000 premiums for the scheme, which is due for renewal on 31 March 2000, the Exchange requires the attached Declaration to be completed by all Full Members and by all Associate Members Dealing with the Public. Members are reminded that the declaration needs to be completed by ALL Members which hold a futures broker's licence.

This declaration should be returned to the Exchange no later than Friday, 28 January 2000.


Barbara Jones
Company Secretary & Assistant General Counsel