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Enron Mail |
Duke has indicated that the cannot complete the proposed commodity/loan transaction with my proposed collateral threshold exemption. They have indicated that creates "accounting issues" for there accrual book.
Therefore, I need to know the cost of credit to assign to the proposed cash flows. In rough numbers, we receive $200 million in the first two years and return $250 million in the last two years. Because of this, in years 03 and 04, our collateral posting will be significant. Let me know your thoughts ASAP on Monday morning.
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