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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Shari Stack X-To: David Minns, Sara Shackleton X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_1\Notes Folders\Australia X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Dear David, I am a little surprised about Westpac's email since we have not seen an official final version of the Schedule yet. Last night I sent Westpac a mark-up of a Schedule they sent on 4.5.00. A few typos needed to be fixed (I will fax the Schedule which shows my comments dated 4.10.00). If they correct those - then the Schedule should in a final form. Re: the MAC - Rod Nelson from Credit agreed that it need not be included (if you think about it - the MAC would have benefited them more than us anyway). Attached please find the Enron Corp. Guarantee was heavily negotiated and finally agreed with Westpac (and Clement, of course). Please come back to me directly if you have any questions or if Westpac tries to deviate from the agreed ENA Schedule. Kind regards, Shari ---------------------- Forwarded by Shari Stack/HOU/ECT on 04/11/2000 11:17 AM --------------------------- Sara Shackleton 04/11/2000 08:22 AM To: Shari Stack/HOU/ECT@ECT cc: Subject: ISDA Master Agreement on behalf of Enron Australia Finance Pty Limited Are you going to respond to David? Has this Master been executed? Sara ---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/11/2000 09:20 AM --------------------------- David Minns@ENRON_DEVELOPMENT 04/11/2000 12:26 AM To: Shari Stack@ECT cc: Sara Shackleton@ECT Subject: ISDA Master Agreement on behalf of Enron Australia Finance Pty Limited Shari, Westpac have contacted me re putting in place an ISDA with EAF. As far as we ar concerned it will cover just power trades and commodities. A couple of questions. Our credit sheet required a MAC trigger (fall below BBB-) for additional credit support. Was this changed? The ISDA Schedule Westpac sent me has no such provision? Can I have a copy of the Enron Corp.guaranty you finally settled with Westpac? Thanks ---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on 04/11/2000 04:17 PM --------------------------- mlindeman@westpac.com.au on 04/11/2000 03:16:02 PM To: david.minns@enron.com cc: Subject: ISDA Master Agreement on behalf of Enron Australia Finance Pty Limited David, Further to our telephone conversation, please find attached a draft copy of the Schedule to the ISDA Master Agreement. I have based this draft on the recently completed agreement between Westpac and Enron North America Corp and your draft sent to me in September last year. I would be grateful if you could review this draft and advise me of any comments that you may have. If you require a copy of the American Schedule, please let me know and I will be happy to forward one to you. As a Guarantee is to be provided by Enron Corp, I would be grateful if you could supply a copy of this document for our review. Please do not hesitate to contact me on any of the numbers below should you have any questions. Thank you for your assistance and I look forward to hearing from you very shortly. Regards Margaret Lindeman Documentation Administrator Documentation Support, Markets IB Legal Direct Telephone: 9284 8671 Facsimile Number: 9283 1861 Email Address: mlindeman@westpac.com.au (See attached file: 3050 enron australia finance.doc) - 3050 enron australia finance.doc
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