Enron Mail

From:tanya.rohauer@enron.com
To:sara.shackleton@enron.com
Subject:Re: SITA
Cc:
Bcc:
Date:Mon, 16 Oct 2000 04:30:00 -0700 (PDT)

No we did not execute a deal. I believe we left it (via our exchanged VMs)
that we would drop the CSA on the ISDA and only allow the one transaction
(due to the netting concerns). I have not heard from Moulton; however, it is
worth noting that Moulton is leaving the Paper & Pulp group, so this may
become a lower priority. Hope you have a good vacation!


From: Sara Shackleton on 10/16/2000 11:12 AM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: SITA

Tanya: I just returned from vacation. What happened with SITA? Did we
execute a transaction (in the name of ECTRIC) on a Deemed ISDA (with or
without credit?). I didn't see an entry in Lotus Notes. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/16/2000 11:10 AM -----

"Susan Hopkinson" <susan.hopkinson@lovells.com<
10/09/2000 03:27 AM

To: <Sara.Shackleton@enron.com<
cc:
Subject: SITA


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Further to my fax of 3 October we have SITA's instructions.

1 - Credit Support Annex :

SITA's position is unchanged. SITA does not wish to have a Credit Support
Annex. SITA have asked that ENRON come up with a proposal on the term and
volume of the transactions on the basis of no Credit Support Annex.

2 - SITA does not provide investment services ancillary to its main
activities. Do you have any news regarding ENRON on this point?

Kind regards
Susan Hopkinson





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