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Enron Mail |
Peter:
I asked Mark T to give you a call. Legal questions on the financial confirms should be handled in Canada as the first option and secondly go to Houston. Please talk it through with Mark T to make sure that all works. Should you and Mark T talk it through with the confirm desk in Canada to make sure it is clear? Regards, Mark Haedicke Sharon Crawford 11/06/2000 10:17 AM To: Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT cc: Subject: Physical Power GTC SENT ON BEHALF OF PETER KEOHANE: Please see attached e-mail from Rob Milnthorp. What I believe he is referring to is documentation of financial (gas or power transactions). (i.e. All physical transactions, Confirms, GTC's, Masters, etc. are documented out of Calgary, all with the proper controls.) Honestly, I am not clear on this point. My understanding is that responsibility for financial trading for Canada is with Mark Taylor. i.e. I understand that Confirms which do not require legal input have been moved to the Confirm group in Calgary, but Confirms which require legal input, ISDA Masters with Canadian counterparties, structured financial transactions, etc. remain with Mark Taylor, and that Calgary Legal is not, generally speaking, responsible for financial transactions. I do not want to re-visit this issue, but merely clarify any confusion so that I can get back to Milnthorp. I know that neither Greg Johnston, Mark Powell, Chris Gaffney nor I are seeing any financial trades. Regards, Peter ---------------------- Forwarded by Sharon Crawford/CAL/ECT on 11/06/2000 09:12 AM --------------------------- Rob Milnthorp 11/02/2000 03:01 PM To: Peter Keohane/CAL/ECT@ECT cc: Subject: Physical Power GTC Peter, do we now have the proper controls and procedures re power confirms? If so, can you please explain them to me. I'm still confused following my discussions with Haedicke and his understanding via Mark Taylor. thanks, ---------------------- Forwarded by Rob Milnthorp/CAL/ECT on 11/02/2000 02:58 PM --------------------------- Greg Johnston 11/02/2000 02:01 PM To: Andre Templeman/CAL/ECT@ECT, Derek Davies/CAL/ECT@ECT, Paul Devries/TOR/ECT@ECT, Bill Greenizan/CAL/ECT@ECT, Garrett Tripp/TOR/ECT@ECT, John Zufferli/CAL/ECT@ECT cc: Sharon Crawford/CAL/ECT@ECT, Chris Gaffney/TOR/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT Subject: Physical Power GTC Please find attached the form of physical power GTC that may be used in conjunction with confirms for power deals of less than one year in duration. This is the standard form so it does not address market opening delays or changes in law affecting pricing. Any provisions required to address these risks will need to be built into the confirms themselves as "Other Provisions". Greg
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