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Dave: One item that was left open after my meeting with Mark D. this morning was what the Index should look like and how much input we have had from the confirm desk. My inclination was that the index should be the same language that we currently use in the confirmation on the theory that the GTC taken together with the long description should result in a complete, unambiguous contract. Mark felt that the index should provide a more complete description than the short description abbreviation but that the full legal text could wait for the paper confirm. Given Mark's view as to how this field should be dealt with, it may be that the confirm desk has in fact looked at all of these and said they look fine as far as they go and has not attempted to correct them with the full legal language. Mark said he would be contacting you himself but I thought it might make sense to give you my version as well. What are your thoughts? If you'd like to discuss, I will be in by 9:00 tomorrow but have a meeting at 10 and then the meeting with all of the lawyers and Mark to discuss the further long description review at 11. Mark
Long Descriptions - Indexes