FX trade Counterparty

Tanya:

Bob Crane did a deal with the Canadian party identified below. Sounds like
he originally told our FX trader that the parties would be EGM (actually ENA)
and Enron Industrial Markets ("EIM"). In the end, EIM was not the correct
party but the Canadian party was the correct party.

Is this trade between ENA and Compagnie de Papiers Stadacona authorized by
credit? Is the company eligible?

Please let me know what you think. Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/18/2001 05:53 PM -----

Laurel Adams
04/17/2001 05:22 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: changes needed for currency trade confirmation

Sara,

Are we able to do FX deals with the company shown below? Also, would this be
an RMT confirm or an ENA confirm?
---------------------- Forwarded by Laurel Adams/HOU/ECT on 04/17/2001 05:20
PM ---------------------------
From: Ana Rizvi on 04/17/2001 04:59 PM
To: Clara Carrington/HOU/ECT
cc: Laurel Adams/HOU/ECT@ECT
Subject: changes needed for currency trade confirmation

see below...

ana

---------------------- Forwarded by Ana Rizvi/HOU/ECT on 04/17/2001 03:14 PM
---------------------------
From: Bob Crane/ENRON@enronXgate on 04/17/2001 04:51 PM
To: Ana Rizvi/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT
cc:
Subject: changes needed for currency trade confirmation

Ana,

The information on the confirm executed (deal no. m439607) between EGM and
EIM needs a couple of changes. Please make the counterparty:

Compagnie de papiers Stadacona
Bay Wellington Tower - BCE Place
181 Bay Street, Suite 1540, P.O. Box 822
Toronto, Ontario, Canada
M5J 2T3

And the bank accounts should be

Account Name Currency Notes
2013883015 EIM Holdings, (Canada) Inc. US$ Primary concentration & funding account
Co# 1469 Receives US$ deposits from BoA collections
US$ collection
Funds FX settlement for Can$
Funding source for BNS US$ accounts

2013883007 EIM Holdings, (Canada) Co. Can $ Can$ deposit account
Co# 1469 Deposit Acct for FX purchases of Can$
Primary funding account for operations

Thank you

Bob Crane