YRIX is a virtual meet-point where multiple networks converge in a manner that enables Internet traffic from a variety of sources (e.g., educational institutions, governmental agencies, private businesses, ISPs, etc.) to be "handed off" locally via a mechanism known as "peering." Peering results in more efficient and therefore less costly use of telecommunications networks and can significantly improve the performance of a wide variety of Internet-based voice, data and video applications. The founding members of YRIX formed the exchange to provide additional options to the membership for:

• cross-connection
• internet bandwidth (under consideration)
• redundant routes (under consideration)

Cross-connection provides the physical path to exchange traffic with other YRIX participants. Members pay for their own connection to the peering site. Once connected, they may establish bi-lateral peering agreements with other members on an individual-case basis, or they may elect to participate in a multi-lateral agreement that allows a more unrestricted exchange of traffic. The degree of participation is completely controlled by the participating member, as long as id does not violate the YRIX Acceptable Use Policy.

Internet bandwidth is not currently offered by YRIX. The Board of Directors is currently considering the merits of offering wholesale bandwidth to its membership. A decision is not expected until mid-2003.

The Board of Directors has also considered a mechanism to allow a member who may not have a redundant backbone connection to temporarily fail over through the collective membership in an emergency. On a selective basis, members can currently accomplish this through a specific bi-lateral agreement with another member.