Re: SO2 Derivatives

Terry:

Hope you are doing well.

I will e-mail to you later today a copy of the Master Purchase and Sale
Agreement that we use here in the US for the trading of SO2 emission
allowances or credits.

If you have any questions, please do not hesitate to contact me. My direct
phone line is 713-853-3214.

Regards, Alan

Mark E Haedicke
04/20/2001 06:06 PM

To: Alan Aronowitz/HOU/ECT@ECT
cc: teruo.tanaka@ibjbank.co.jp
Subject: SO2 Derivatives

Alan:

Could you please respond to the following request. Thanks.

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/20/2001 06:03 PM -----

"Teruo Tanaka" <teruo.tanaka@ibjbank.co.jp<
04/20/2001 02:12 AM

To: "Pickel Robert" <rpickel@isda.org<, "Mark Haedicke"
<Mark.E.Haedicke@enron.com<
cc: <Kazuhiko_Koshikawa@sanwabank.co.jp<
Subject: SO2 Derivatives

A Japanese trading firm has a keen interest in the above derivatives. I
would be grateful if you could send me the Master SO2 Allowance Purchase and
Sale Agreement and any other materials you may feel appropriate for novices.
They could be the first Japanese trading firm member of ISDA.