Enron Mail

From:alan.aronowitz@enron.com
To:sara.shackleton@enron.com
Subject:Re: Trader
Cc:
Bcc:
Date:Mon, 25 Sep 2000 10:49:00 -0700 (PDT)

FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 09/25/2000 05:49 PM -----

Susan Musch@ENRON_DEVELOPMENT
09/24/2000 08:40 PM

To: Paul.TYO.Davis@BakerNet.com, Edwin.T.Whatley@BAKERNET.com
cc: jane.mcbride@enron.com, john.viverito@enron.com,
Jeremy.Pitts@bakernet.com(eMail), Alan Aronowitz@ECT
Subject: Re: Trader

Paul and Ed,

I want to confirm my understanding of your advice from last week (attached
below). I think you're advising consistent with what Ed had advised back in
June, but I'm not totally sure. That is, it would be best to have
back-to-back trades between Enron Japan ("EJ") and Enron North America
("ENA"). Under this scenario, DD would be an EJ employee who would enter
into the trades for EJ as principal. Then, EJ would enter into mirror trades
with ENA. The issue, as I understand it, under this scenario is that the NTA
could assert transfer pricing issues if the trades between EJ and ENA weren't
at arms' length. Would you please confirm that this is your conclusion on
how the trades should be structured?

I am trying to get this structure resolved by Monday night (Houston time) so
I would appreciate your thoughts in an e-mail during your Monday.

Best regards,
Susan




Paul.TYO.Davis@BakerNet.com on 09/21/2000 04:58:44 AM
To: Susan.Musch@enron.com
cc: jane.mcbride@enron.com, john.viverito@enron.com,
Jeremy.Pitts@BAKERNET.com, Edwin.T.Whatley@BAKERNET.com

Subject: Trader


Dear Susan

Jane and John asked us to send you the attached notes on a discussion we had
today concerning ENA's financial trader in Tokyo. You may also wish to refer
to
Ed's original June 23 advice on the subject.

We look forward to assisting with the structuring of the arrangements in due
course.

Regards

Paul Davis
<<Memo 00.09.21.doc<<
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