Draft letter to ISDA re. "Not Contingent" and convertible bonds

From: edmund.cooper@enron.com

To: bryan.seyfried@enron.com, jeff.kinneman@enron.com,robina.barker-bennett@enron.com, markus.fiala@enron.com, derek.lee@enron.com, simon.brooks@enron.com, reza.rezaeian@enron.com, denis.o'connell@enron.com

Subject: Draft letter to ISDA re. "Not Contingent" and convertible bonds

Cc: e..haedicke@enron.com, paul.simons@enron.com

Bcc: e..haedicke@enron.com, paul.simons@enron.com

Date: Mon, 15 Oct 2001 12:38:16 -0700 (PDT)

Following the recent administration of Railtrack and the draft Memorandum to Members of 11 October circulated by ISDA (copy attached for info), a number of you have expressed a wish to formally respond to ISDA on the issues raised.

I've attached the draft we propose to send to ISDA. If you could let me have any thoughts/comments on the draft as soon as possible.

I'll leave the decision as to when/if to submit the letter to Bryan.

Thanks and regards,

Edmund