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Enron Mail |
FYI - we may need to revise. Does this ISDA have our new changes?
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/07/2000 10:12 AM --------------------------- Patricia Cini 02/07/2000 05:07 AM To: Rod Nelson/HOU/ECT@ECT cc: Sara Shackleton/HOU/ECT@ECT, Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: Puerto Rod- This is my last e-mail from Julian on the Central Puerto power swap. He should be back in Argentina this week from being on vacation. You will need to follow up with him and Sara concerning the ISDA, The main credit issue was the BB MAC trigger that does not cover when a counterparty is no longer rated by S&P. As of July 1999, C. Puerto is no longer being rated by S&P and was last rated BB-. The ISDA does have the CSA with a 1MM threshold, but this is an older ISDA so, you may want to review. Regards, Pat ---------------------- Forwarded by Patricia Cini/LON/ECT on 07/02/2000 11:03 --------------------------- Julian Poole@ENRON_DEVELOPMENT 28/01/2000 21:16 To: Patricia Cini/HOU/ECT@ECT cc: Subject: Re: Puerto Somwhere around 16.50 $/MWh for energy only To: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Re: Puerto Julian- Do you know what price we would be paying? Pat Julian Poole@ENRON_DEVELOPMENT 01/28/2000 09:39 AM To: Patricia Cini/HOU/ECT@ECT cc: Subject: Re: Puerto Yes we are buying To: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Re: Puerto Julian- Will get back to you on this soon. Just need to review the file. Are we buying the swap? Regards, Pat Julian Poole@ENRON_DEVELOPMENT 01/28/2000 08:27 AM To: Patricia Cini@ECT cc: Rod Nelson@ECT Subject: Puerto Pat, I am looking at a financial swap with C. Puerto for 50/70 MW for maybe 2/3 years. Does this volume & term trigger any posting of LC from Puerto's behalf? Thanks, Julian
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