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Enron Mail |
Sara, RMT/NNG was put on hold per Tony Pryor's request pending restructuring
of NNG. This restructuring is finished (it involved NNG going from 100% Enron-owned to about 98%). I talked with Tony yesterday on this and he says the ISDA may now proceed. Tax has confirmed this is still an RMT deal. Re the fx trade you mentioned, the confirm desk has drafted a deemed ISDA for this that needs fixing. (not sure what they are doing drafting deemed ISDAs). I am working with Melissa Rodriguez on this. I do have a voice mail in to Tanya to ask her if credit wants to re-review in light of the new NNG ownership structure. Even though the ownership change seems minor, it seems like the procedurally sound thing to do is to run this by credit. Have not heard back from Tanya and will bring this up at legal/credit meeting this afternoon. I will take this over, including the ISDA master. Susan, in the meantime, could you e-mail me the credit review sheet on this if you have one. -- Bob Robert E. Bruce Senior Counsel Enron North America Corp. T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com Sara Shackleton@ECT 11/28/2000 10:16 AM To: Susan Bailey/HOU/ECT@ECT cc: Robert Bruce/NA/Enron@Enron Subject: Northern Natural Gas Company("NNG") Susan: Why is the RMT/NNG on hold? A two-year deal was booked in mid-November and we'd like to confirm under a master. Thanks. Sara
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