Re: New Counterparty Transaction

Russell:
My risk group frequently uses the New Counterparty label for internal
counterparties that do not have a trading book. This transaction was a hedge
for the acquisition of the paper plant we announced recently. I'm not sure
who the internal group is that did the transaction. Dutch Quigley should be
able to help.
John.

From: Russell Diamond
07/19/2000 05:22 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: New Counterparty Transaction

John

A trade came across our morning report listed as a 'New Counterparty'. It
was about 17BCF Swap from Sep "00 - Aug '07. Can you give me some details
on the counterparty.

Thank you,

Russell
Credit