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To: Ken Benes who wrote (34941)6/7/1999 4:14:00 PM
From: C.K. Houston  Respond to of 116764
 
First: Most of the financial institutions have been compliant for awhile, it seems that mature dates for debt instruments have gone beyond the year 2000 for some time, requiring adjustments to computing systems.

LOL - Well there's a lot more involved than individual financial institutions being compliant. The situation with S.W.I.F.T. is particularly troublesome. Too bad there's been so many problems with the euro, huh? They had such good intentions ... but have had to keep on extending that deadline of theirs. Hmmm. Maybe your IBM friend can help them out.
Subject 28560

Can you give me the name of some of those financial institutions which are already compliant? I'm looking for several "safe" places to park my money. Don't understand why it's so tough to locate these banks. You'd think they'd be taking out full page ads, wouldn't you.

BTW: Did your friend have to cancel any of his millennium trip plans. I just heard last night from my cousin, who's also with IBM - that vacations/leaves have been cancelled November thru February.

Cheryl



To: Ken Benes who wrote (34941)6/7/1999 8:25:00 PM
From: long-gone  Respond to of 116764
 
Ken, I've got a feeling there will be more problems from ouside our shores than from with-in.



To: Ken Benes who wrote (34941)6/7/1999 9:26:00 PM
From: Thomas J. Benthall  Read Replies (1) | Respond to of 116764
 
<<However, for these entities a simple solution is ready and on standby. It seems these computers can be walled off from a more extensive network and every day prior to midnight the computers clocks can be rolled back 24 hrs, a relatively simple procedure buying another day into perpetuity until their software can be upgraded.>>

How can the "imbedded chip" clocks be rolled back every day?

TJB