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Enron Mail |
Sara,
We are okay on the rate schedule as it stands. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 05:04 AM --------------------------- From: Sheila Glover 03/20/2001 11:12 AM To: Theresa T Brogan/HOU/ECT@ECT, Greg Whiting/Corp/Enron cc: Pushkar Shahi/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT Subject: Brokerage Rates Theresa and Greg, The rates from JP Morgan for the Futures account appear to be competitive (acutally better) than the terms for our other current agreements. With 90 day t bill at 4.41%, 90% of this is 3.969% on the credit side vs 4.16 using JP morgan's less 25 bp. On the debit side it is competitive. Therefore, I am okay with the rate schedule from JP morgan and we can go ahead unless anyone can see an objection. Thanks. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 04:59 AM --------------------------- From: Theresa T Brogan 03/19/2001 10:12 PM To: Sheila Glover/HOU/ECT@ECT cc: Subject: Brokerage Rates Sheila, Below is the information I received from Joe Hunter's group regarding funding rates for some of the exchange brokers. For comparison JP Morgan's Futures funding rates are: Credit rate Debit rate US Dollars 90 day US TBill auction rate less 0.25% JP Morgan Overnight Borrowing Rate plus 0.25 % TB ---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 03/19/2001 03:47 PM --------------------------- Jason Fischer@ENRON 03/19/2001 03:09 PM To: Theresa T Brogan/HOU/ECT@ECT cc: Larry Joe Hunter/HOU/ECT@ECT Subject: Brokerage Rates CREDIT RATE DEBIT RATE BNP Paribas 90% of 90 day T-Bill rate They loan Enron the money with no interest cost. ED&F MANN 100% of 90 day T-Bill rate 150 Basis points over fed fund rate REVCO 90% of the 30 Day T-Bill rate 1% over Prime Rate
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