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Salomon Internal Audit#H:\AUDITOR\AB12345\WORD\PSOPROC.DOC
:
:  EMERGING MARKETS DEBT WHOLE LOANS
:   SUPPORT PROCEDURES
:
:  Fred Hamburger
:
:  EMERGING MARKETS DEBT LDC LOANS
:   SUPPORT PROCEDURES
:
:  I. CONFIRMATION
:  Introduction
:
:  Trades in LDC loans are recorded by Traders on trade logs contemporaneously
:  with the telephone conversations actually executing the transactions. During
:  the day, these trade logs are passed to data input personnel, who then enter
:  the trades into AAAA.  (AAAA is designed to support direct on-line entry by
:  Traders, but is not used in this manner on the Emerging Markets Desk.)
:  AAAA feeds BBBB at the end of day which in turn feeds relevant downstream
:  Salomon systems. AAAA also feeds the CCCC system, which is maintained as
:  a stand-alone second level sub-ledger that provides functionality and
:  records data not otherwise available. The first level sub-ledger on this
:  Desk is DDDD.
:
:  PROCESSING
:  ----------
:
:  All transactions in AAAA should be confirmed orally with counterparties by
:  the end of trad