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Enron Mail |
FYI.
---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on 04/12/2000 08:41 AM --------------------------- Shari Stack@ECT 08/10/99 03:16 PM To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Re: Financial Trading in Australia as discussed ---------------------- Forwarded by Shari Stack/HOU/ECT on 08/10/99 03:16 PM --------------------------- David Minns@ENRON_DEVELOPMENT 08/10/99 02:55 AM To: Shari Stack/HOU/ECT@ECT cc: Subject: Re: Financial Trading in Australia Shari see attached. Paul Quilkey is going to arrange a phone hook up to see if we can finalise this matter. Shari Stack@ECT 05/08/99 04:12 To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott.Farrell@msj.com.au cc: Subject: Financial Trading in Australia We met with Gary Hickerson and Paul Quilkey late last week and explained our findings. It now appears that whilst the primary purpose for transacting is to hedge existing risks (as explained in my memo of 7/29), Gary wants to be able to enter into Transactions (also as defined in my memo) - particularly the purchase and sale of equities - on a more proprietary/speculative basis. Therefore, he has asked that we look into what it would take for us to obtain a Securities Dealer's License. I would be grateful if you could please prepare a short memo and set forth what the capital requirements, reporting requirements, monitoring, experience and education level of staff, performance bond, exact level of "surplus liquid funds", length of time for application to be processed, ongoing obligations, etc... would realistically be. I know these topics were generally addressed in Scott's fax of July 14th but I would be grateful if one of you could please condense this and give us specifics that we can present to Gary. Please call me if you want to discuss. Many thanks, Shari
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