RE: Inconsistant Credit Amounts

FYI

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 03/06/2001 06:39 PM -----

Brant Reves/ENRON@enronXgate
03/06/2001 02:07 PM

To: Brant Reves/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Nidia Mendoza/ENRON@enronXgate
Subject: RE: Inconsistant Credit Amounts

Issue has been resolved. Please disregard. The $500M amount quoted below
was eventually changed to $0 and reconfirmed.

thanks
brant

-----Original Message-----
From: Reves, Brant
Sent: Tuesday, March 06, 2001 11:37 AM
To: Shackleton, Sara
Cc: Bailey, Susan; Boyd, Samantha; Panus, Stephanie; Mendoza, Nidia; Reves,
Brant
Subject: Inconsistant Credit Amounts

Gas Producers Liquids Inc. - Omnibus confirmations only - No ISDA

How do we margin this LC customer when the Exposure Thresholds are not
consistant across each Annex B? Their financial mark to market exposure is
currently $1.3MM.

Annex
Trades B-Credit Line

QL3281.1 $0
QL3360.1 $0
QN8251.1 $0
QN8251.2 $0
QQ7096.1 $0
QQ7109.1 $500,000
QR4386.1 $0
QS3259.1 $0
QS3259.2 $25,000

Brant