Re: Proposed ELJ Article

Mark:

I think this is a good start.

What do you think about a chart or survey of the different key jurisdictions
regarding their views on the enofrceability of master netting/master-master
agreements? We would probably need to lean heavily on ISDA's prior work.

Would we attach a sample Master Netting Agreement? I was thinking that we
would.

That's all for now.

Alan

Carol St Clair
04/18/2001 01:37 PM

To: Mark E Haedicke/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT
Subject: Re: Proposed ELJ Article

Mark:
Do you want to include a discussion about online trading and/or the current
and proposed bankruptcy provisions?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

Mark E Haedicke
04/18/2001 11:21 AM

To: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Carol St Clair/HOU/ECT@ECT
cc:
Subject: Proposed ELJ Article

Please provide me your comments on the following outline:

Trading Contracts for Global Commodity Markets

1. Evolution of Trading Contracts Since 1990
2. Trading in 2001: Living with Multiple Master Agreements
a. North America
b. Europe
c. other
3. Globalization of Commodity Trading
4. Lessons from the California Crisis
5. Deregulation Marches Forward
6. The Vision
a. single global master for physical and financial trading
b. use master netting agreements in transition phase
c. focus on confirmations and schedules for new products