|
|
Enron Mail |
Sara:
I have made some inquiry and verified that the Bear Stearns Stock Loan enhanced leveraged product is indeed what is under consideration. As promised, I have a brief step-by-step explanation of such a stock loan transaction, which is appended to this message. There are actually two possible scenarios: one where cash collateral is used for the stock loan, the other where actual securities are used as collateral. We understand that, at least initially, you will be using bonds as collateral. The Stock Loan Agreement is used in connection with our current form of Institutional Account Agreement which ECT may not have signed. I therefore also append that agreement to this message. I expect you waill wnat to review these attachments before we speak again. Again, as a reminder, I will be on vacation from Friday the 16th through the following week. If you would like to speak before hand, or if you have any questions regarding any of the documents, please let me know. Regards, Sharon <<Enhanced Stock Loan-explained.doc<< <<IAA_ 9-8-00rev_clean.doc<< - Enhanced Stock Loan-explained.doc - IAA_ 9-8-00rev_clean.doc *********************************************************************** Bear Stearns is not responsible for any recommendation, solicitation, offer or agreement or any information about any transaction, customer account or account activity contained in this communication. ***********************************************************************
|