Enron Mail

From:laurel.adams@enron.com
To:sara.shackleton@enron.com
Subject:Web based confirms
Cc:
Bcc:
Date:Wed, 7 Feb 2001 00:51:00 -0800 (PST)

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.