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Enron Mail |
A process agent is just a "legal" representative of the Chilean counterparty
located in the US. The agent can not/should not execute any trades on behalf of the customer. Basically, Chilean customers should not be treated any differently than any other EOL customer, other than there should be an appointed process agent. Lisa - We need to talk to Tana to ensure that the verification of a process agent for Chilean customers is covered by our approval process. Let me know if you have any questions. Frank From: Kathy M Moore 10/11/2000 07:24 AM To: Frank L Davis/HOU/ECT@ECT cc: Subject: Re: Chile Approval Frank, Is the "process agent", someone who is an agent in the US that can execute trades on EOL for and on behalf of Chilean customers? Regards, Kathy From: Frank L Davis 09/29/2000 01:38 PM To: Product Control - Houston, Enron London - EOL Product Control Group/LON/ECT@ECT cc: Cecil John/Corp/Enron@ENRON, Clinton Anderson/HOU/ECT@ECT, Danny Lee/Corp/Enron@Enron, Jeff Simmons/Corp/Enron@ENRON, Kathy M Moore/HOU/ECT@ECT, Mary Griff Gray/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Keith Clark/Corp/Enron@Enron, Sunil Abraham/NA/Enron@Enron, Fraisy George/NA/Enron@Enron, Sunil Abraham/NA/Enron@Enron Subject: Re: Chile Approval FYI I'm still not completely clear on the role/responsibility/purpose of the "process agent," or what, if any, changes will be required to our customer set-up process. We may need to have a conference call/meeting with Brent Hendry to solidify this process. Frank ---------------------- Forwarded by Frank L Davis/HOU/ECT on 09/29/2000 01:30 PM --------------------------- From: Brent Hendry@ENRON on 09/29/2000 10:40 AM To: Anna Gardiner/LON/ECT@ECT cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Frank L Davis/HOU/ECT@ECT Subject: Re: Chile Approval Process Agent is someone who would accept legal service of process if there were ever a dispute between the parties. This requirement is solely so we could get jurisdiction over the party in the US if necessary. Call me if you need further clarification. Anna Gardiner@ECT 09/29/2000 10:18 AM To: Brent Hendry/NA/Enron@Enron cc: Frank L Davis/HOU/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT Subject: Re: Chile Approval Brent Please could you elaborate further on your email to Frank Davis et al. I am in the Product Control Group in London and we have received two PA's in today from Chilean customers (South American Minerals Inc & Vorveck Cie SA). These counterparties are both interested in trading Metals on EOL. I am currently checking with David Tregar (Lawyer, Enron Metals) to find out if Enron Metals has any form of establishment/branch in Chile. We would, however, appreciate it if you could define what you mean by 'process agent'. I am assuming, in the case of the two companies that have applied for EOL access with us today, that both of these companies will have to have an agent in the US that can execute trades on EOL for and on behalf of the counterparties concerned. Do correct me if I am wrong in this assumption. Thanks in advance for your help Rgds Anna ---------------------- Forwarded by Anna Gardiner/LON/ECT on 29/09/2000 16:04 --------------------------- From: Frank L Davis on 29/09/2000 15:17 To: Product Control - Houston, Enron London - EOL Product Control Group/LON/ECT@ECT, Cecil John/Corp/Enron@ENRON, Clinton Anderson/HOU/ECT@ECT, Danny Lee/Corp/Enron@Enron, Jeff Simmons/Corp/Enron@ENRON, Kathy M Moore/HOU/ECT@ECT, Mary Griff Gray/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Keith Clark/Corp/Enron@Enron, Cecilia Olvera/HOU/ECT@ECT, Sunil Abraham/NA/Enron@Enron, Fraisy George/NA/Enron@Enron, Sunil Abraham/NA/Enron@Enron cc: Subject: Re: Chile Approval FYI Per the note below, it looks like Chile is on the way, although the second sentence raises a couple of questions that need to be addressed before we allow any Chilean counterparties to "sign-up." Also, who is responsible for creating the ETA and PA , and "attaching" them to the website????? Frank ---------------------- Forwarded by Frank L Davis/HOU/ECT on 09/29/2000 09:03 AM --------------------------- From: Brent Hendry@ENRON on 09/28/2000 06:51 PM To: David Forster/Corp/Enron@Enron, Tom Moran/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT cc: Subject: Re: Chile Approval Chile has been approved to use the North American forms of the Electronic Trading Agreement and the Password Application for companies located in Chile. Please note the Enron entity must not have a permanent establishment or branch located in Chile and the counterparty should appoint a process agent in the US. This approval does not address due diligence issues as it relates to specific products or counterparties. Please let me know if you have any questions or comments. Brent Hendry Ext. 37124
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