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Enron Mail |
No, it does not mean that. Adding all the Enron "Specified Entities" would
only make a default under a financial transaction with those other Enron entities a default under this agreement. Our concern is that we don't want any trading related defaults to ever trigger a default under a loan transaction which has a swap as a component. Richard Sage 11/30/2000 10:52 AM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: ISDA Master Agreement: Deustche If you do add all the entities, does that mean that we would not need to put in place a separate agreement for ECCL? ---------------------- Forwarded by Richard Sage/LON/ECT on 30/11/2000 16:53 --------------------------- From: Tana Jones on 27/11/2000 15:45 CST To: Denis O'Connell/LON/ECT@ECT cc: Richard Sage/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT Subject: Re: ISDA Master Agreements With respect to Deutsche Bank (""DB"), we have one credit issue remaining, DB would like us to add all the Enron trading entities DB trades with as Specified Entities under the ISDA Master Agreement and we are somewhat hesitant to do so, as this could potentially roll up swaps under structured loan transactions into a default under the ISDA Agreement. Sara and Bill Bradford in Credit are supposed to talk to the DB Credit people about this remaining issue. With respect to First Union National Bank, the draft we were working from was so old that they agreed to look at our current form of agreement which was sent to them on 11/8/00 for review. Sara is working on that with Susan Bailey, another paralegal in our Group. Denis O'Connell 11/22/2000 06:05 AM To: Tana Jones/HOU/ECT@ECT cc: Richard Sage/LON/ECT@ECT Subject: ISDA Master Agreements Tana - can you please give me an update on where you are in the negotiations of the ISDA with the following counterparties and confirm which Enron entity you are negotiating on behalf of. Tks, Denis First Union National Bank Deutsched Bank AG
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