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Enron Mail |
Per discussion with David, Theresa and myself this morning, we have agreed
that the current most effective approach is for Trena/Jeff K. to do the executions for London Credit.com and for Equity/Debt Trading to do the settlements. The trades will be executed in the name of London Credit.com. We need to set up a Morgan Stanley account in the name of London Credit.com to facilitate settlements. We contacted Ketan Parekh, Morgan Stanley, VP, Prime Brokerage, to discuss the impact of housing the account in NY vs. Morgan Stanley London. Ketan said that they have many clients that are settling activity from Europe in their NY prime brokerage accounts with no problems. Since the NY and London would be different settlement streams and in light of the current anticipated activity, we are requesting we open an account in Morgan Stanley NY. Sara, David suggested that Paul Simons would be the contact for account opening information. Please do not hesitate to call if questions. Thanks. Sheila 3-3210
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