Press
Release as seen in numerous publications
October 6th 2005:
PRESS RELEASE
ICAP Teams Up with Weather Derivative
Industry Participants to Raise Funds for
Hurricane Relief Efforts
---“Brighter Days Ahead” Program to
Generate Funds for America’s Second
Harvest
New York, October 5, 2005 – ICAP plc (IAP.L),
the world’s largest interdealer broker
announced today that it has teamed up with
other industry participants involved in
trading Weather Derivatives to lend their
support and raise funds for the victims of
Hurricanes Katrina and Rita. The
fundraising effort has been named
“Brighter Days Ahead” and will generate
proceeds for America’s Second Harvest, the
nation's largest charitable hunger-relief
organization. In addition to ICAP, the
Weather Derivative industry participants
supporting this charitable cause include:
Accord Energy Limited, Chicago Mercantile
Exchange, Coriolis Capital Limited,
GuaranteedWeather, Munich Re Group,
Powernext, Takara LP, Wolverine Trading,
Yellow Jacket Software and the Weather
Risk Management Association.
The “Brighter Days Ahead” fundraiser is a
raffle concept where for every $25 that is
donated, a donor receives a raffle ticket
for one of more than 30 items listed on
www.BrighterDaysAhead.org . The raffle
drawing will be held on October 25.
Winning raffle ticket prizes include a big
screen plasma high definition television,
a trip for four to Disney World, the ever
popular iPod and numerous gift
certificates for restaurants, clubs and
online shopping. “The prizes are not
necessary but it makes donating more
appealing to people who plan to support
this valuable cause anyway,” said Paul
Murray, head of weather and commodity
market at Munich American Capital Markets.
In order to garner support for this
charitable effort, Ms. Victoria Schweizer,
Brighter Days Ahead Fundraiser Coordinator
and one of ICAP’s weather derivatives
brokers, was inspired to create a short
movie which underscores the importance of
supporting those fellow Americans who were
displaced as a result of these natural
disasters. This heartfelt short movie
presentation, which can be found at
www.BrighterDaysAhead.org , has been
widely circulated throughout the internet
and is receiving warm reception and praise
from all who view it. Ms. Schweizer
commented, “In watching the coverage on
the current status of relief efforts,
there are still areas of the Gulf Coast
that remain under 6 feet of water. It is
difficult to imagine losing one’s home and
other personal effects and then not being
able to find food. In an effort to assist
those hurricane victims in need of food,
the ICAP Weather Derivatives desk along
with our colleagues in the Weather
Derivatives industry felt compelled to
implement the Brighter Days Ahead fund
with the contributions being directed to
America’s Second Harvest.”
Contacts:
Brighter Days Ahead Fundraising Relief
Effort
Victoria Schweizer
+1 212 815 9017
ICAP Weather Derivatives Desk
About America’s Second Harvest:
America’s Second Harvest are the nation's
largest charitable hunger-relief
organization with a Network of more than
200 regional member food banks and food -
rescue programs serving all 50 states, the
District of Columbia, and Puerto Rico. The
America's Second Harvest Network secures
and distributes nearly two billion pounds
of donated food and grocery products
annually. The America's Second Harvest
Network supports approximately 50,000
local charitable agencies operating more
than 94,000 programs including food
pantries, soup kitchens, emergency
shelters, after-school programs, and Kids
Cafes. Last year, the America's Second
Harvest Network provided food assistance
to more than 23 million low-income hungry
people in the United States, including
more than nine million children and nearly
three million seniors.
About ICAP
ICAP is the world’s largest voice and
electronic interdealer broker with a daily
average transaction volume in excess of $1
trillion, 50% of which is electronic. The
Group is active in the wholesale market
for OTC derivatives, fixed income
securities, money market products, foreign
exchange, energy, credit and equity
derivatives.
Please go to www.icap.com for more
information.
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