The following document is the response of Participants Trust Company ("PTC") to the questionnaire entitled Disclosure Framework For Securities Settlement Systems (the "Disclosure Framework") developed by a joint working group of the Committee on Payment and Settlement Systems and the International Organization of Securities Commissions.
Consistent with the purpose of the Disclosure Framework, PTC's response provides only a general overview of PTC organization, operations and procedures. Therefore, this document should not be relied upon by PTC Participants or others as a complete discussion of these matters.
Requests for further information may be directed to:
Mr. Leopold S. Rassnick Senior Vice President and General Counsel Phone: (212) 412-6664 Fax: (212) 412-6605
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