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Enron Mail |
There should be no question of duplication of ISDA Master Agreement or any
other master swap agreements between Houston and London, because Houston's contracting party is usually Enron North America Corp. and London's contracting party is usually Enron Capital & Trade Resources International Corp. We cannot do business under each others' financial master agreements for legal and tax reasons. ENA and Enron Canada Corp. can do business under each other's masters because the tax reasons that used to require us to separate out the business went away. Further, Houston and Canada subsequently entered into a Services Agreement which sets forth the conditions upon which they can act on each other's behalf (necessary for tax and legal reasons).
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