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Enron Mail |
Sara,
Would legal support an initiative to create an internal web-site for the confirmation of intercompany deals, as opposed to sending a hard copy confirmation for each deal? I would envision it working something like this: Each intercompany entity can go to a web site and click on a button that says they agree to be bound by the terms of the 1997 ISDA between RMT and their company (assuming they have one, or course!) They could then enter a site which would display the economic terms of each deal they had traded that day. They would have to click a "confirmed" button next to each deal, as opposed to one button for the entire day. If they disagreed with a deal, they could click a "Do not agree" button, which could then bring them to an email screen, where they could alert us to the discrepancy. What kinds of issues would this raise from a tax/legal perspective? Would this have the same effects as a legal document? Do you have some time where we could get together and discuss potential issues? Thanks.
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