Enron Mail

From:sara.shackleton@enron.com
To:rod.nelson@enron.com, tanya.rohauer@enron.com
Subject:Various "Morgan Stanley" master agreements
Cc:william.bradford@enron.com
Bcc:william.bradford@enron.com
Date:Wed, 17 May 2000 01:48:00 -0700 (PDT)

As a result of Jeff Nogid's request, here is a recap of the Morgan Stanley
situation:

(1) Morgan Stanley Capital Group Inc.
This is the entity for commodity trading.
(i) ECT has a Master Energy Price Swap Agreement dated 6/16/92
(ii) ECTRIC has an ISDA dated 3/2/99, but eff. 8/27/97

(2) Morgan Stanley Capital Services Inc.
Jeff Nogid requesting new master for fixed income transactions

(3) Morgan Stanley International Limited
This is the entity for equity trading. Will Nogid or Kinneman ever need
this one?

Each of these companies has a different lawyer to negotiate the agreement.

Each Morgan Stanley entity might require a separate guaranty. Anne Clark in
legal (Cap Services) will let me know.

I will put (2) in place. Do you want to pursue upgrading (1)(i) or
addressing (3)? Please let me know. Thanks. Sara