mr. barry zubrow, whether the transfer request was in compliance, mf global did not sign a con fifirmatory letter t your firm demanded. without this signature, jp morgan chase ultimately transferred those funds and accepted the collateral. were you aware of the effort by senior risk management, officer at your firm, to seek compliance confirmation from mf global? >> not at the time i wasn't, no. >> why did jp morgan chase relent on efforts to secure the letter and allow the transfer without written assurance? >> i think the transfer had been made and we were doing a follow-up letter, which was not required. we were asking to make sure they had done the right thing. >> so what you're saying is even though you had placed mf global on debit alert and you limited -- you increased collateral requirements, when they asked you to transfer the money, there was no conversation about whether this money was segregated funds? you just transferred it? >> they transferred it to us, yes. >> it was within your institution they requested a transfer? >> right. it was covering an overdraft from the prior day