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Enron Mail |
Arfan,
We need to discuss this before you send anything out. I had an extensive conversation today with Tana Jones in our Legal Department today. She said that it is up to the London Legal department (Justin Boyd in particular) to set their own perameters with consultation with Houston Legal, and vice versa. Those below are accurate, however, after speaking with Tana, the list below may not be comprehensive. She is recommending that you speak with Justin Boyd. I think we may be putting ourselves in the middle of something that the two Legal groups should be discussing amongst themselves. Please feel free to call me tomorrow. Thanks. Lisa Arfan Aziz 02/21/2001 01:16 PM To: Lisa Lees/HOU/ECT@ECT cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Product Control - Houston Subject: Re: Help! Lisa Thanks for the response. Please let me know if you agree with the following treatment and I will let our credit, legal and contracts departments know: US Power - READ only US GAS PHY (Restricted) - READ only Argentinian Gas - READ only except for Argentinian customers Please let me know so that we can do any clean up that we need to do. Thanks Arfan To: Arfan Aziz/LON/ECT@ECT cc: Stephanie Sever/HOU/ECT@ECT Subject: Re: Help! Arfan, US Phy Power Products can only be given to US counterparties. US Gas Phy (RESTRICTED) (3 product types) are only given access to a select few counterparties that the US West Gas Traders approve. All other counterparties should only have read access to these product types. Also, please see the email directly below (in blue) from our Legal Department: From: Tana Jones on 10/30/2000 05:11 PM To: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT cc: Frank L Davis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT Subject: Online Product News A few news flashes re: limitations on products: 1. The only parties that can trade Argentina physical gas are Argentina counterparties. They have licensing requirements similar to US physical power. All existing counterparties that are not Argentinian should be shut down for this product. 2. Mark Taylor just found out in a meeting with the tax guys that only ENA can only enter into credit derivates with US counterparties. If you have any other questions, please contact me or Stephanie Sever. Regards, Lisa ---------------------- Forwarded by Lisa Lees/HOU/ECT on 02/21/2001 11:42 AM --------------------------- From: Jennifer deBoisblanc Denny 02/16/2001 06:38 PM To: Lisa Lees/HOU/ECT@ECT cc: Subject: Re: Help! As I recall there were restrictions. Can you help Arfan? Thanks! Robert B Cass 02/16/2001 07:32 AM To: Arfan Aziz/LON/ECT@ECT cc: Lisa Lees/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT Subject: Re: Help! Arfan - I am passing your request to Lisa Lees since she has the low-down on that type of info (if it is applicable, that is). Thanks! R Arfan Aziz 02/16/2001 01:45 AM To: Robert B Cass/HOU/ECT@ECT cc: Subject: Help! Rob Are there any restrictions on any of your product types that we should instruct our legal and credit deprtaments of as per my email below ? For example we are not allowed to give any access for financial products types to Italina customers. Thanks Arfan ---------------------- Forwarded by Arfan Aziz/LON/ECT on 16/02/2001 07:49 --------------------------- Arfan Aziz 16/02/2001 07:42 To: Juana Fayett/Corp/Enron@Enron cc: Nicola Beales/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Product Control - Houston Subject: Help! Juana When our legal and credit departments review counterparties for EnronOnline they will look at all product types and only restrict those that they have reason to. We have not been told to restrict Argentinian gas and therefore our credit and legal department do not restrict access to this product type. I will check with the Houston product control team to see if they are any restrictions Regards Arfan Juana Fayett@ENRON 14/02/2001 21:58 Sent by: Juana Fayett@ENRON To: Nicola Beales/LON/ECT@ECT cc: Karen Lambert/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT Subject: Nicola, I am curious, why are you reviewing this counterparty for Argentina Gas, since we do not have any activities going on right now. This is one of the many records of counterparties that showed in EOL with Argentina Gas as a product type. We started having this situation since last week and the legal and credit reps also showed up as London based. That is the reason for our inquiry. Thanks for you your help. Janie x-30992 Juana Fayett@ENRON 14/02/2001 22:11 Sent by: Juana Fayett@ENRON To: Nicola Beales/LON/ECT@ECT cc: Karen Lambert/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT Subject: Re: Nicola, Being that everything has been updated in EOL, I couldn't attach a copy of a record. Next time I find one, I will send you an attachment so that you can see what we are talking about it. Thanks, Janie Juana Fayett 02/14/2001 03:58 PM Sent by: Juana Fayett To: Nicola Beales/LON/ECT@ECT cc: Karen Lambert/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT Subject: Nicola, I am curious, why are you reviewing this counterparty for Argentina Gas, since we do not have any activities going on right now. This is one of the many records of counterparties that showed in EOL with Argentina Gas as a product type. We started having this situation since last week and the legal and credit reps also showed up as London based. That is the reason for our inquiry. Thanks for you your help. Janie x-30992 Juana Fayett@ENRON 14/02/2001 23:09 Sent by: Juana Fayett@ENRON To: Nicola Beales/LON/ECT@ECT cc: Karen Lambert/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT Subject: Nicola, Here is an example of a counterparty has is being looked at for Argentine Gas Phy Fwd. (Teresa Rickett is in London) Please let me know what is happening being that there is no trading being done in Argentina at this time. Thanks, Janie
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