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| | Kurtzman Group | Opacity Index |
 | | Opacity is the lack of clear, accurate, formal, easily discernible, and widely accepted practices in the world's capital markets. |
 | | This first report on the Opacity Index, to be followed by others at regular intervals, provides estimates of the adverse effects of opacity on the cost and availability of capital in 35 countries. |
 | | While the Opacity Index correlates significantly with other indices, it should be viewed as a new indicator, raising new questions in five areas of concern and giving new results. |
| www.kurtzmangroup.com /opacity_index.htm (299 words) |
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