paul.nowak wrote: Matt, thanks for the comments. I made an error on the version of Plone. It's 2.5 Plone running on Zope 2.9x.
In regards to the additional products, we have a skin installed and we have a product that we had custom developed for us that connects to a PostgreSQL database. We've looked at slow PostgreSQL queries causing problems and have not been able to find an issue. We've also tested for the case where the PostgreSQL server is down and have not been able to create an issue. We therefor...
NEW YORK, NY -- (MARKET WIRE) -- 12/20/06 -- Barclays PLC announced that investments in
iPath(SM) Exchange Traded Notes (iPath ETNs) surpassed $1 billion. The
first two iPath ETNs were launched in early June, and the third in August.
"This is a great occasion for Barclays products in the United States. These
products represent the firm's innovation, client focus and growing presence
in the Americas," said Philippe El-Asmar, Managing Director, Head of
Investor Solutions, Americas at Barclays Capital.
"iPath ETNs demonstrate the unique ways that Barclays businesses work
together to forge paths to new markets to meet investor needs," said Lee
Kranefuss, CEO, Global Index and Markets Group for Barclays Global
Investors. "Barclays plans to launch several similar products in 2007," he
added.
iPath ETNs have a 30-year maturity and are senior, unsecured,
unsubordinated debt securities issued by Barclays Bank PLC linked to the
performance of a market index. iPath ETNs are designed to provide investors
with convenient access to the returns of market benchmarks, less investor
fees(1), with easy transferability.
Several Barclays divisions worked together to create this success. Barclays
Bank PLC is the issuer, Barclays Capital Inc., is the issuer's agent, and
Barclays Global Investors Services is the promoter of iPath ETNs to
intermediaries.
The first two iPath ETNs are linked to commodity indexes, the Dow Jones-AIG
Commodity Index Total Return(SM) and the GSCI® Total Return Index. The
third iPath ETN is linked to the Goldman Sachs Crude
Oil Total Return Index calculated from the West Texas Intermediate, crude
oil futures contract traded on the New York Mercantile Exchange.
The pricing supplements can be found on the SEC website at:
Barclays PLC is a major global financial services provider engaged in
retail and commercial banking, credit cards, investment banking, wealth
management and investment management services. We are one of the largest
financial services companies in the world by market capitalisation.
Operating in over 60 countries and employing over 118,000 people, we move,
lend, invest and protect money for over 25 million customers and clients
worldwide. With over 300 years of history and expertise in banking,
Barclays PLC has six major businesses.
UK Banking delivers banking products and services to over 14 million retail
customers and 641,000 businesses in the UK.
Barclays global retail and commercial banking operation, has over 2 million
international clients, in geographies which currently include France,
Spain, Portugal, Italy, India, Africa and the Middle East. Absa has an
additional 8 million retail customers in South Africa.
Barclaycard is one of the leading credit card businesses in Europe, and has
11.2 million UK customers and 5.3 million international cards in issue.
Barclays Capital, the investment banking division, provides corporate,
institutional and government clients with solutions to their financing and
risk management needs.
Barclays Global Investors is one of the world's largest asset managers and
a leading provider of investment management products and services. The
total assets under management at June 30, 2006 were $1.6 trillion. BGI is
the leader in assets and products in exchange traded funds (ETFs) with more
than 180 ETFs globally.
Barclays Wealth serves affluent, high net worth and intermediary clients
worldwide, providing private banking, asset management, stockbroking,
offshore banking, wealth structuring and financial planning services. At
June 30, 2006, total client assets were £85 billion.
The following link provides further information about the iPath ETNs:
An investment in iPath ETNs involves risks, including possible loss of
principal. For a description of the main risks see "Risk Factors" in the
applicable prospectus.
Barclays Bank PLC has filed a registration statement (including a
prospectus) with the SEC for the offerings to which this communication
relates. Before you invest, you should read the prospectus and other
documents Barclays Bank PLC has filed with the SEC for more complete
information about the issuer and these offerings. You may get these
documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, Barclays Bank PLC will arrange for Barclays Capital Inc. to
send you the prospectus if you request it by calling toll-free
1-877-76-iPATH, or you may request a copy from any other dealer
participating in the offering.
iPath ETNs (the "Securities") are unsecured obligations of Barclays Bank
PLC and are not secured debt. The Securities are riskier than ordinary
unsecured debt securities and have no principal protection. The return on
the Securities is linked to the performance of a market index. Historical
values of the index or any index component should not be taken as an
indication of the future performance of the index during the term of the
Securities.
Barclays Global Investors Services, a subsidiary of Barclays Global
Investors, N.A., assists in the promotion of iPath Exchange Traded Notes.
Barclays Global Investors, N.A., and Barclays Capital Inc., are affiliates
of Barclays Bank PLC.
Risks of investing in the Securities include limited portfolio
diversification, uncertain principal repayment, and illiquidity. Also, the
investor fee will reduce the amount of your return at maturity or on
redemption, and as a result you may receive less than the principal amount
of your investment at maturity or upon redemption of your Securities even
if the value of the relevant index has increased. Sales in the secondary
market may result in significant losses.
The Securities may be sold throughout the day on the exchange through any
brokerage account. However, there are restrictions on the minimum number of
Securities you may redeem directly from the Issuer, and on the dates on
which you may redeem them, as specified in the applicable prospectus.
Brokerage commissions will apply to purchases and sales of the Securities
in the secondary market. The sale, redemption or maturity of the Securities
will generate tax consequences. The trading prices of the Securities will
reflect changes in their intrinsic value as well as market supply and
demand, among other factors. Factors that may influence the market value of
the Securities include the time remaining to the maturity of the
Securities; supply and demand for the Securities, including inventory
positions with Barclays Capital Inc. or any other market maker; economic,
financial, political, regulatory, geographical, biological, or judicial
events that affect the level of the index or the market price of the index
components; or the creditworthiness of Barclays Bank PLC.
The index components for iPath ETNs linked to commodities indexes are
concentrated in the commodities sector. Your investment may therefore carry
risks similar to a concentrated investment in a limited number of
industries or sectors. The market value of the Securities may be influenced
by many unpredictable factors, including highly volatile commodities
prices. Suspension or disruptions of market trading in commodities and
related futures may adversely affect the value of your securities. Changes
in the Treasury Bill rate of interest may affect the value of the index and
your Securities.
Trading in futures contracts on physical commodities, including trading in
the index components is speculative and can be extremely volatile. Market
prices of the index components may fluctuate rapidly based on numerous
factors, including: changes in supply and demand relationships; weather;
agriculture; trade; fiscal, monetary and exchange control programs;
domestic and foreign political and economic events and policies; disease;
pestilence; technological developments; changes in interest rates; and
monetary and other governmental policies, action and inaction. The current
or "spot" prices of the underlying physical commodities may also affect, in
a volatile and inconsistent manner, the prices of futures contracts in
respect of the relevant commodity. These factors may affect the value of
the index and the value of your Securities in varying ways, and different
factors may cause the prices of the index components, and the volatilities
of their prices, to move in inconsistent directions at inconsistent rates.
"Dow Jones," "AIG®," "Dow Jones-AIG Commodity Index Total Return(SM),"
"DJAIGCI(SM)," and "Dow Jones - AIG Commodity Index(SM)" are registered
trademarks or service marks of Dow Jones & Company, Inc., and American
International Group, Inc. ("AIG"), as the case may be, and have been
licensed for use for certain purposes by Barclays Bank PLC for the
Securities. The Securities based on the Dow Jones - AIG Commodity Index
Total Return(SM) are not sponsored, endorsed, sold or promoted by Dow
Jones, AIG Financial Products Corp ("AIG-FP"), American International
Group, or any of their respective subsidiaries or affiliates and none of
Dow Jones, AIG, AIG-FP, or any of their respective affiliates or
subsidiaries makes any representation regarding the advisability of
investing in such products.
Goldman Sachs, GSCI®, GSCI® Index, GSCI® Total Return Index, and
Goldman Sachs Commodity Index are trademarks or service marks of Goldman,
Sachs & Co. and have been licensed for use by Barclays Bank PLC in
connection with the Securities. The Securities are not sponsored or
endorsed by Goldman, Sachs & Co. or any of its affiliates (individually and
collectively, "Goldman"). The Securities are not sold by Goldman other than
in its capacity as a dealer of securities. Goldman makes no representation
or warranty, express or implied, to the owners of the Securities or any
member of the public regarding the advisability of investing in securities
generally or in the Securities particularly or the ability of the Goldman
Sachs Commodity Index or any of its subindexes to track general commodity
market performance.
(1) The investor fee is equal to 0.75% per year times the principal amount
of your securities times the index factor, calculated on a daily basis in
the following manner: The investor fee on the inception date will equal
zero. On each subsequent calendar day until maturity or early redemption,
the investor fee will increase by an amount equal to 0.75% times the
principal amount of your securities times the index factor on that day (or,
if such day is not a trading day, the index factor on the immediately
preceding trading day) divided by 365. The index factor on any given day
will be equal to the closing value of the index on that day divided by the
initial index level. The initial index level is the value of the index on
the inception date.