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Enron Mail |
This looks ok to me.
Melba Lozano 12/06/2000 04:46 PM To: Mark Taylor/HOU/ECT@ECT cc: Subject: REVISED - EOL description change ---------------------- Forwarded by Melba Lozano/HOU/ECT on 12/06/2000 04:46 PM --------------------------- From: Melba Lozano 12/06/2000 04:45 PM To: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@E cc: Kevin Meredith/Corp/Enron@ENRON, Steve Jacobellis/NA/Enron@Enron, Robert B Cass/HOU/ECT@ECT Subject: REVISED - EOL description change Please approve the following change to the product description. If you have any questions please let me know. Steve needs this approved as soon as possible. I need to make sure this language works for both one day deals and term deals. Thanks, Melba 58986 Bolded for your ease of reference: From: A currency Transaction with Risk Management & Trading Corp. ("RMT") under which either (A) for the case in which Counterparty submits an offer to buy from RMT, Counterparty shall pay a Fixed Amount and shall receive the Floating Amount, or (B) for the case in which Counterparty submits an offer to sell to RMT, Counterparty shall receive the Fixed Amount and shall pay the Floating Amount. Each calendar month during the term of the Transaction will be a Determination Period; provided however, that in the event the term of the Transaction is less than one calendar month, the Determination Period shall be the term of the Transaction. The Notional Amount per Determination Period shall equal the volume submitted by the Counterparty via the website divided by the number of Determination Periods during the term of the Transaction. The Fixed Amount payable per Determination Period shall equal the product of the Notional Amount per Determination Period multiplied by the price submitted by the Counterparty via the website. The Floating Amount payable per Determination Period shall equal the product of the Notional Amount per Determination Period multiplied by the Index. The Payment Date shall be the Valuation Date. The term of the Transaction shall be from the Effective Date of 01 Nov 2000 to the Termination Date of 31 Mar 2001. The Index for each Determination Period shall be the USD/CAD rate equal to the rate set forth on Rueters page BOFC under the headings 'Bank of Canada'; 'Canadian Dollar' Exchange rates';'Noon', opposite the caption 'USD' as of 12:00 p.m. noon, Toronto time, on the Valuation Date. The Valuation Date for each Determination Period shall be the last Business Day of such Determination Period.(DELETED) The price is quoted in Canadian Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be US Dollars, and each unit of volume shown represents one million US Dollars ($1,000,000). To: A currency Transaction with Risk Management & Trading Corp. ("RMT") under which either (A) for the case in which Counterparty submits an offer to buy from RMT, Counterparty shall pay a Fixed Amount and shall receive the Floating Amount, or (B) for the case in which Counterparty submits an offer to sell to RMT, Counterparty shall receive the Fixed Amount and shall pay the Floating Amount. Each calendar month during the term of the Transaction will be a Determination Period; provided however, that in the event the term of the Transaction is less than one calendar month, the Determination Period shall be the term of the Transaction. The Notional Amount per Determination Period shall equal the volume submitted by the Counterparty via the website divided by the number of Determination Periods during the term of the Transaction. The Fixed Amount payable per Determination Period shall equal the product of the Notional Amount per Determination Period multiplied by the price submitted by the Counterparty via the website. The Floating Amount payable per Determination Period shall equal the product of the Notional Amount per Determination Period multiplied by the Index. The Payment Date shall be the Valuation Date. The Valuation Date for each Determination Period shall be the first Business Day of such Determination Period.(Added) The term of the Transaction shall be from the Effective Date of 01 Nov 2000 to the Termination Date of 31 Mar 2001. The Index for each Determination Period shall be the USD/CAD rate equal to the rate set forth on Rueters page BOFC under the headings 'Bank of Canada'; 'Canadian Dollar' Exchange rates';'Noon', opposite the caption 'USD' as of 12:00 p.m. noon, Toronto time, on the Valuation Date. The price is quoted in Canadian Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be US Dollars, and each unit of volume shown represents one million US Dollars ($1,000,000). Thank you, Melba 58986
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