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Enron Mail |
---------------------- Forwarded by Mark E Taylor/HOU/ECT on 10/11/99 03:22
PM --------------------------- From: Stephen H Douglas 09/05/99 05:05 PM To: Mark - ECT Legal Taylor/HOU/ECT@ECT cc: Jeff Blumenthal/HOU/ECT@ECT Subject: Revised GTCs Mark, the following tax changes to the various financial GTC's and weather swaps are those that we have spoken about and effectively adopt the approach of our Master ISDA's with regard to taxation. Just wanted to keep you in the loop. I will be out on Tuesday but, should you need to, you can follow up with Jeff Blumenthal. Best regards. ---------------------- Forwarded by Stephen H Douglas/HOU/ECT on 09/05/99 05:04 PM --------------------------- Jeff Blumenthal 09/03/99 02:24 PM To: David Forster/LON/ECT@ECT cc: Tara Sweitzer/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT Subject: Revised GTCs Dave, Attached below are the OnLine GTCs that contain the appropriate U.S. federal tax language. As you'll see, our changes are reflected either by underline or strikeout in each of the documents. The 3 attachments below are as follows: 1. ENA financial GTC 2. Enron Canada financial GTC 3. ENA HDD swap GTC As you know, ENA financial (credit) and Enron Canada financial (credit) GTCs exist in addition to the ENA financial and Enron Canada financial GTCs. The language that we inserted in the attached ENA financial and Enron Canada financial GTCs should also be inserted in the ENA financial (credit) and Enron Canada financial (credit) GTCs. In addition, there are several weather derivative swap GTCs. The language set forth in the attached ENA HDD swap GTC will need to be inserted in all other ENA weather derivative swap GTCs (credit and non-credit). Also, please note that the message you forwarded to me from Leslie Hansen appears to relate to the U.S. state tax language to be inserted into certain GTCs. Please call me at 3-5777 if you'd like to discuss further. Best regards, Jeff ---------------------- Forwarded by Jeff Blumenthal/HOU/ECT on 09/03/99 12:12 PM --------------------------- Enron Capital & Trade Resources Corp. From: "Devetski, Tim" <tdevetski@velaw.com< 08/23/99 03:29 PM To: Jeff Blumenthal/HOU/ECT@ECT cc: "Gerachis, George" <GGerachis@velaw.com< Subject: Revised GTCs Per our (separate) discussions, I have revised the GTCs to reflect (i) the counterparty's representation that it is a domestic corporation (which, if correct, would permit us to avoid back-up withholding on reportable payments, if any, made pursuant to this GTC) and (ii) the requirement that we provide the relevant forms to the counterparty in the event the counterparty notifies us that it is not a domestic corporation. <<ENA Financial GTC Version 3.doc<< <<Canada Financial GTC Version 3.doc<< <<HDD Swap (credit) Version 3.doc<< - ENA Financial GTC Version 3.doc - Canada Financial GTC Version 3.doc - HDD Swap (credit) Version 3.doc
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