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To: WR who wrote (19889)7/1/1998 2:57:00 PM
From: John Mansfield  Respond to of 31646
 
'The Options Clearing Corp: Embedded system land mines

'Special issues: As the clearinghouse for the American Stock Exchange, the Chicago Board Option Exchange, the Pacific Stock Exchange and the Philadelphia Stock Exchange, OCC has a daily liability of $30 billion. Therefore, it can allow no downtime whatsoever. As a result, OCC is looking beyond the issue of Y2K software compliance to focus Y2K efforts on the embedded chips residing in the company's servers and mainframes. In addition, OCC has contacted the power company, the telephone company and the building management of its Chicago office to make sure communication is not cut off, electricity is on and elevators are operating after the date roll.

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zdnet.com