nybotlive.org) is a
group of private sector firms and financial
trade associations that
works to help reinforce the financial services sector's resilience
against
terrorist attacks and other threats to the nation's financial
infrastructure.
margins scandals
Business Editors
NEW YORK----The Financial Services
Sector Coordinating Council for Critical Infrastructure
Protection and
Homeland Security (FSSCC) announced today that the New York Board of
Trade (NYBOT
) and the CLS Group have joined as the newest members of
the Council.dormant undergroundtrader
"
The NYBOT lost its entire
trading facility at 4 World Trade Center
(WTC) in the September 11th terrorist attacks. Information
about the New York
Board of Trade can be found at www.fsscc. Please review the related categories
below if you cannot find what you are looking for here.
undergroundtrader margins
NYBOT, the world's largest "softs" commodities
exchange, and CLS
Group, the holding company for CLS Bank International - the first real
time
, global settlement system for the foreign exchange market, join
28 other financial services industry
organizations and trade
associations as members of the FSSCC.lowering saperston
CLS Bank is based in New York and is
an Edge
Corporation bank supervised by the Federal Reserve.dormant citigroup
The NYBOT successfully operated out
of
this back-up facility for nearly two years before moving back
downtown to new headquarters in the
World Financial Center, in
September 2003.fiduciary saperston
"Ensuring
security and resiliency for the U.dormant fiduciary
FSSCC Welcomes
Two New Members to the Council; First Overseas Member CLS Group and Expert in Recovery Planning NYBOT
Join National Effort on Business Conti
Department of the Treasury and financial
regulators to coordinate
the private sector's preparation for events
that could disrupt the normal business of the financial
services, such
as terrorism, natural disasters or cyber attacks. Donahue, Sector Coordinator and
Chairman of the FSSCC. (TM) The CLS Assured Dial device and the
Dial device are trademarks of CLS
UK Intermediate Holdings Ltd. The Sector Coordinator also serves as Chairman of
the Council.fiduciary shaga
"We
look forward to being active participants in
the FSSCC, working with the other member associations
and firms to
collaborate on safety and soundness across the global markets.
"The NYBOT has been
at the forefront of this effort, and we're pleased
to be working with the FSSCC to further coordinate
industry-wide
disaster recovery plans.aspire pro2net
"
"The CLS Group has a great depth of experience coordinating
across
domestic and international issues," said Steve Howell, Chief Security
Officer, CLS Group
. However, because the
exchange had long established a "hot" emergency backup facility in
Queens
, New York, after the 1993 bombing of the WTC, NYBOT was able to
resume trading on September 17th
.
CLS Bank links to the Real Time Gross Settlement systems operated
by Central Banks in fifteen
currencies (US Dollar, Euro, UK Sterling,
Japanese Yen, Swiss Franc, Canadian Dollar, Australian
Dollar, Swedish
Krona, Danish Krone, Norwegian Krone, the Singapore Dollar, the Hong
Kong Dollar
, the New Zealand Dollar, the Korean Won and the South
African Rand).
National Association of Federal
Credit Unions
National Association of Securities Dealers (NASD)
NACHA - The Electronic Payments
Association
New York Board of Trade
The Clearing House
Securities Industry Association
Securities
Industry Automation Corporation
The Bond Market Association
The Options Clearing Corporation
VISA
USA Inc.nobile conglomerate
S. CLS represents the most dramatic
change in FX settlement in over 300 years - previously
banks had to
rely on a global network of correspondents and a degree of faith that
they had received
their payments in one currency as they paid away
another - CLS turns this faith into certainty.
For
further information please visit the CLS Website at
www.16) $0.watterson debts
About the Financial Services
Sector Coordinating Council for
Critical Infrastructure Protection and Homeland Security (CIP/HLS
)
The Financial Services Sector Coordinating Council for Critical
Infrastructure Protection
and Homeland Security (www.geller pro2net
aspire daytraders
depository citigroup
It is a real time, global settlement
system that eliminates the settlement
risk caused by delays arising
from settlement across time zones.margins nobile
We welcome the participation and
input of the CLS Group as the first overseas member of the council.
"We've learned that all the
preparation that goes into that
once-in-a-lifetime disaster makes coping with normal problems --
fire,
flood, severe weather, strikes or sustained power outages -- that much
more effective,"
said Steve Bass, Chief Information Officer, NYBOT. Together they account for a substantial majority
of the
cross-currency transactions across the globe. Donahue to this
role in May 2004.
1 par value
Class A, 10,000,000 shares authorized;
1,519,867 shares issued and outstanding
15,198
Class B, 20,000 shares authorized;
20,000 shares issued and outstanding
200
Additional paid-in capital 5,828,764
Retained earnings 2,197,774
-----------
Total Shareholders' Equity
8,041,936
-----------
Total Liabilities and Shareholders' Equity $8,619,879
===========
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(LOSS)
(Unaudited)
Three Months
Ended March 31,
---------------------
2005 2004
---------------------
Revenues:
Management, distribution, and other fees $366,039
$402,705
Dividends, interest and other 7,670 2,448
Net unrealized
appreciation (depreciation) of
publicly held affiliates and unrealized and
realized gains
(losses) on proprietary trading (370,021) 1,800,433
---------------------
3,688 2,205,586
---------------------
Expenses:
General and
administrative 229,186 191,170
Marketing
104,921 118,068
Expense reimbursements to the Funds 28,107 39,223
Professional fees 18,089 21,000
Amortization and depreciation
19,885 18,642
---------
------------
400,188 388,103
---------------------
Income (loss) before income taxes
(396,500) 1,817,483
Income taxes (credit) provision (156,127)
728,400
---------------------
Net income (loss
) $(240,373)$1,089,083
=====================
Per share net income (loss):
Basic
($0.
continuation saperston
com
(R) CLS and the CLS logo are registered trademarks of CLS UK
Intermediate
Holdings Ltd. Since most of the sector is privately owned, the Treasury
appoints a private-sector
Coordinator with whom to work on these
issues.saperston undergroundtrader
"Not only do we need to be alert to the critical
impact of
domestic, cross-sector dependencies, but with the increasingly global
nature of the
markets, also international dependencies," said Donald
F.
"The NYBOT, in particular, brings great
experience in planning and
practicing actions needed in emergency situations, and the sector
members
and I welcome the opportunity to learn from the best practices
of this new member.shaga aspire
S.
The CLS service
is offered by CLS Bank International ("CLS Bank"),
and is supported by over 70 of the world's largest
global financial
institutions.16) $0.72
Average shares outstanding:
Basic
1,518,755 1,499,136
Diluted
1,518,755 1,517,577
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Management, distribution and other
fees
receivable 4,089 3,307
Dividends, interest and other receivables
56,337 16,009
Prepaid expenses and other current assets 48,954 47,858
Other assets (1,397) 14,807
Increase (decrease) in:
Accrued professional fees 1,697 (47,339)
Accrued payroll and
other related costs (54,920) 100,125
Accrued other expenses
(8,125) 22,949
----------------------
Total
adjustments 276,291 (913,525)
----------------------
Net cash provided by operating activities 35,918
175,558
----------------------
Cash Flows
from Investing Activities:
Proprietary securities trading sales 3,000 5,327
Proprietary securities trading purchases (19,640) (40,339)
Capital expenditures
- (6,039)
-----------
Net cash used for investing activities (16,640) (41,051)
----------------------
Cash Flows from Financing
Activities:
Issuance of stock 15,000 70,263
Purchase
of treasury stock - (138,938)
Repayment of notes receivable
- -
----------------
------
Net cash provided by (used for) financing
activities
15,000 (68,675)
-------------------
---
Net increase in cash and cash equivalents 34,278 65,832
Cash and Cash
Equivalents
At beginning of period 1,683,748 1,108,426
----------------------
At end of period
$1,718,026 $1,174,258
======================
conglomerate dormant
"
"An important aspect of ensuring sector resilience involves
thinking through how emergency
situations can be addressed, so that as
much planning as possible can be done in advance," Donahue
continued.
For well over a century, the New York Board of Trade has provided
reliability, integrity
and security in a global marketplace for cocoa,
coffee, cotton, ethanol, orange juice, pulp and sugar
, as well as
currency and index futures and options.com
About CLS Group and CLS Bank:
Continuous
Linked Settlement (CLS(R)) is a unique process that
enables cross border currency transactions to
be settled intraday on a
payment versus payment basis.
Business Editors
NEW YORK--
--Winmill + Co.73
Diluted ($0.pro2net securitization
financial services industry
does
not end at our geographical borders.saperston promed
cls-group.
Incorporated (Pink Sheets: WNMLA) Announces
Financial Results for the
period ended March 31, 2005
CONDENSED CONSOLIDATED
BALANCE SHEET
March 31, 2005
(Unaudited
)
ASSETS
Current Assets:
Cash and cash equivalents
$1,718,026
Marketable securities
407,424
Securities - restricted 1,156,858
Management
, distribution and other fees receivable 112,037
Other receivables
74,074
Prepaid expenses and other current assets 95,291
-----------
Total Current Assets
3,563,710
-----------
Securities - restricted 4,099,574
Equipment
, furniture and fixtures, net 66,818
Intangible assets, net
514,297
Other assets 375
,480
-----------
5,056,169
-----------
Total Assets $8,619,879
===========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accrued professional fees
$97,558
Accrued payroll and other related costs
12,000
Accrued other expenses 245,635
Other current
liabilities 15,750
Deferred income tax
84,009
----------
-
Total Current Liabilities 454,952
-----------
Deferred income tax
122,991
-----------
Shareholders' Equity:
Common Stock, $0.aspire geller
In this capacity, the Council works with the
Department
of the Treasury, which has direct responsibility for
infrastructure protection and homeland security
efforts for the
financial services sector.
The Council members include:
--------------
--------------
America's Community Bankers
American Bankers Association
American Council of
Life Insurers
American Insurance Association
American Society for Industrial Security International
BAI
BITS/The Financial Services Roundtable
ChicagoFIRST, LLC
Chicago Mercantile Exchange
CLS Group
Consumers Bankers Association
Credit Union National Association
The Depository
Trust + Clearing Corporation
Fannie Mae
Financial Services Information Sharing and Analysis Center
, LLC
Futures Industry Association
Independent Community Bankers of America
Investment Company
Institute
Managed Funds Association
The NASDAQ Stock Market, Inc.Includes banking, loan and credit
categories.
pro2net depository
"
About NYBOT:
The New York Board of Trade (NYBOT) is New York's original futures
exchange, where the world trades food, fiber and financial products.Winmill + Co. Incorporated Announces
Financial Results for the Period Ended March 31 2005
aspire lowering
The FSSCC, a network of financial trade
associations and private
firms representing thousands of financial services organizations,
works
closely with the U. It serves under the overall guidance of the
Department for Homeland Security
, under Homeland Security Presidential
Directive 7. Treasury Secretary John Snow appointed Mr.scandals citigroup
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