CACs Forms

We have spoken about this before, the issue is that Enron Americas has no
approval mechanism for contracts. Neither does any other group but that is
not my problem. I have spent too much time reading DASH forms which really
do not provide full authorization.

There are two suggestions that I would like to be implemented:

(i) DASH forms need to include all of the contracts which are to be signed
under the deal. So if a DASH is signed then this authorizes all of the
contracts to be signed in the deal. Any contracts which are not included
need to go through the process outlined below.

(ii) All contracts need a Contract Approval Form attached and Enron's legal
team cannot initial any contract until this form has been completed (ie
signed) by the following Enron staff.

Trader/Originator ________________________________
Head of Group (VP or above)______________________
Credit__________________________________________
Legal__________________________________________
Tech Services (where applicable)__________________
Commercial Support (where applicable)_____________

A database of all completed contracts on behalf of Enron Americas needs to be
maintained by Legal.

Thoughts please?