Enron Mail

From: sara.shackleton@enron.com To: tanya.rohauer@enron.com Subject: Xerox Corporation Cc: Bcc: Date: Thu, 13 May 1999 03:22:00 -0700 (PDT) Lisa Palmer and I had a conference call with the Xerox lawyer and commercial person. The main issues are the following: No CSA (claim to have over 40 ISDA Masters none of which contain CSA's! and not set up to handle collateral) Rating downgrade is a Termination Event. (Maybe they'll agree to our posting L/C's MUST have cross-acceleration (POLICY). Guess what else? NO NETTING (can't handle netting internally) Otherwise, Xerox is cool.