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  • Is this the biggest show in town?
  • Clearing equity trades in Moscow has never been as quick and easy a business as in other emerging European equity markets such as in Poland or Hungary. Failure of trades - when purchased shares are not delivered or sold shares are delivered but no cash is received - has plagued the Russian equity market for some time.
  • Sir,
  • An elegant and intellectual proposal, but will it fly? That's what swap dealers and analysts in London are asking themselves after a week of presentations in mid-May, by Liffe (the London International Financial Futures & Options Exchange) and its associates, of a revolutionary future based on swap rates.
  • Hi-tech comes to Europe
  • Is this the biggest show in town?
  • In a Euromoney virtual round table, James Rutter asks 10 borrowers - big and small - to predict the shape of the new market in euros, how they will handle their borrowing, who will they choose to handle their deals.
  • Brazil is still learning to live without inflation. Before the Plano Real, it could sustain a fiscal deficit through monetary expansion. Now it needs to boost exports and cut government borrowing. Marcelo Starec reports
  • The initial membership of Emu is decided, as is the board of the European Central Bank (ECB) and the exchange-rate parities for converting Emu participant currencies into the new euro on 1 January 1999.
  • The English law of security over cashdeposits has finally been clarified to the Financial Law Panel's satisfaction - this has important consequences for documentation. By Christopher Stoakes.
  • A SUPPLEMENT TO EUROMONEY/JUNE 1998: PORTUGAL