The currency, the Chinese yuan, is convertible for only a narrow range of transactions, most related to trade.

Instead, the series need only be a "motivating factor" for the related transaction (para.

But the talks have since foundered over negotiations on related transactions.

In addition, merchant banking deals tend to lock the acquiring company into using the same investment bank for related transactions later.

The venture, called FinancialSettlementMatrix.com, will offer electronic payments, short-term purchase loans and related transactions.

Leisure travel and travel related transactions are still not allowed.

But they did get shares in Cox Communications, which bought the cable operations of Times Mirror in a related transaction.

A derivatives exchange acts as an intermediary to all related transactions, and takes initial margin from both sides of the trade to act as a guarantee.

Year-ago results are pro forma, assuming the June 1993 recapitalization and related transactions occurred at the beginning of 1992.

The year-ago normalized figures excluded the impact of the $3 billion addition to the reserve for possible credit losses, recognized tax benefits, and other related transactions.