Re: Financial Products in Japan

Thanks, I appreciate it! What should I do with the Japanese counterparty on
the 9/26/00 list? Shut them down for all trading on Japan based products
until I hear from you? Will you be coming to the Legal Conference here in
Houston next week? Maybe we could chat then?!

Jane McBride@ENRON
09/27/2000 09:46 AM

To: Tana Jones/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron@ECT
Subject: Re: Financial Products in Japan

Dear Tana,

Am hoping to get something to you by end Friday.

Jane McBride

Tana Jones@ECT
09/27/2000 11:37 PM

To: John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron
cc: Alan Aronowitz/HOU/ECT@ECT
Subject: Financial Products in Japan

It appears that we have now opened up our first Japan based financial product
on EnronOnline, and I need to get some direction from you as to what
restrictions, if any, we have on (1) counterparties located/incorporated in
Japan trading Japan based financial products, and (2) counterparties not
located in Japan trading Japan based financial products.

Previously, the only Japanese financial product we had was weather, but it
wasn't being sold by a Japan based Enron company, so my understanding was
that I didn't have any particular restrictions under Japanese law for
counterparties located in or outside Japan in trading this product. Now that
the product is being sold by a Japan based company I am wondering was
restrictions I might have to keep in mind when doing my daily online
approvals.

The only are Japan based direction I am getting is from the Broadband legal
team (Robbi Rossi) which have told me Japanese counterparties can only trade
US bandwidth segments.

P.S. we do have a Japanese counterparty on the 9/26/00 list.