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To: Steve Lee who wrote (96925)	1/20/2000 4:41:00 PM
From: Yaacov	Respond to of 186894

Hi Steve, no offence taken! As you know Swiss Banks work through a pool that uses one man for so various institutions! Lets say you work with TDB-CBI or Clarydon Banque in Geneve. Clarydon belongs to Credit Swiss, that owns Bank of Boston, if I am mot mistaken! Now TDB belongs to Safra group. Safra group has more than 20 private banks is Switzerland, Channel Islands, and Leichtenstein, US, Cayman, etc. The same goes for CR. Now they pool together the broker expenses and may have their own men on the floor! Can you imagine how many shares a day Credit Swiss group or Safra trade a day? Now, Swiss bankers are great theives. gg Too polite to be honest! ggggg Most people who go to Swiss banks don't sit down to negotiate buying and selling commissions! They just give them money and are happy to let the bankers do the rest! SO, they charge 2 dollars to buy and 2 dollars to sell a share. They also charge their own percentage when the coupons on the bonds mature which is theft! Now, you can go to a private band and say look, I want this and I want that, else I take my money elsewhere. When the know you know your business, they give in and accept the terms. After all the more money they have the more leverage they have to make money for themselves! Simple as that. By the way, the experience shows that easiest Swiss Bankers are in Canton Ticino, the best are in Geneve, and the meanest are In Zurig and Bern! I hope I have been of some assitance to you. Kind regards, Yaacov