Enron Mail

From:brant.reves@enron.com
To:sara.shackleton@enron.com, brent.hendry@enron.com
Subject:ECTRI financial requirements
Cc:
Bcc:
Date:Tue, 10 Apr 2001 03:29:00 -0700 (PDT)

A financial trade v24545 was done with Total International Limited. This
entity is subsidiary of a very good credit customer, TotalElf (S&P rated
AA-). Risk is acceptable, small volumes, short tenor, but from a legal
standpoint, I do not think this entity is an "Eligible Contract Party" as we
have no guaranty support or financial statements to support trading. I
noticed that quite a bit of financial trades are currently booked in London
with this customer. Does Enron Capital & Trade Resources International Corp.
(London financial) have the same ECP requirements as ENA. If so, I would
like to know how they have established eligibility.

thanks
brant