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Enron Mail |
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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mara_Alexander@cargill.com X-To: sara.shackleton@enron.com X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_1\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Dear Sara, Attached please find our response to the draft Amendment to the CSA for the above-referenced Agreement. You will note that I have added some additional language which our Legal Dept. prefers to include in Amendments, which I trust will be acceptable to you as well. As mentioned briefly over the telephone the other day, I have also incorporated some changes with respect to Letter of Credit provisions. The changes to the LC terms are those which our Credit Department is requiring as a result of a review of Cargill's LC language. The main issue is that an LC issued as collateral can no longer be transferable. I note from the file on our ISDA negotiations that Enron may have preferred transferability in order to be able to transfer an LC to its Affiliates. If this is still the case, we can certainly discuss options which may specify and limit transferability accordingly. I look forward to your response at your earliest opportunity. Regards, Mara Alexander Sr. Documentation Analyst Cargill, Incorporated Tel: 952.984.3417 Fax: 952.984.3872 e-mail: Mara_Alexander@Cargill.com - 31409_Amnd_CSA.doc
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