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Enron Mail |
Sara,
My understanding is that Legal has not provided feedback regarding the issue of notice in connection with online trading sites. As noted in my email below related to the Buy Side Direct agreement: Section 12 of the attached Subscriber Agreement appears to specify who will receive notice only in the case of default by Enron. How will legal and / or trading receive other notices - i,e, changes to the agreement ? This issue has been outstanding for months. When will Legal provide feedback on this issue ? Thanks. Mike x39990 --------------------- Forwarded by Mike Fowler/Corp/Enron on 12/12/2000 03:19 PM --------------------------- Mike Fowler 11/30/2000 09:50 AM To: "Peters, Jason" <jasonpeters@akllp.com< cc: Subject: Re: FW: BuySideDirect Am I correct in assuming that Sara decided what she would like proposed in terms of "notice" procedures for online trading platforms ? Section 12 of the attached Subscriber Agreement appears to specify who will receive notice only in the case of default by Enron. How will legal and / or trading receive other notices - i,e, changes to the agreement ? Thanks. Mike 713-853-9990 "Peters, Jason" <jasonpeters@akllp.com< on 11/30/2000 08:21:15 AM To: <mike.fowler@enron.com< cc: Subject: FW: BuySideDirect -----Original Message----- From: lisa@imarkets.com Sent: Friday, October 27, 2000 2:35 PM To: JASON PETERS Cc: minnich@imarkets.com Subject: BuySideDirect Dear Jason, Getting back to you on the points still outstanding on the BuySideDirect agreement. 4.1 d comma, not a period, on the 11th line (Change included) 4.6 d Addition of following language dd (Change included) In the event that any component of a BSD executed trade is deemed Clearly Erroneous (by BuySideDirect, the NASD or any ATS or ECN through which BuySideDirect executes trades), the entire BSD trade, including both bond and equity components on all sides of the trade, will be cancelled. 5.1 Enclosed are Broker Dealer Attachments 1 & 2 5.2 Modification of previous language d (Change included) After trade affirmation, BuySideDirect shall cause its clearing firm to be responsible for the clearance and settlement of all affirmed trades executed on the BuySideDirect trading system. 17.2 You requested the phrase, at Subscriber's election, which we have not included. Consequential dd You also requested the deletion of the term consequential from sections 6.1and 6.2. We would like to keep the language as is in sections 6.1, 6.2 and 18. Please give me a call if you would like to discuss the document further. You can reach me at 415d369d5020. Thanks Regards, Lisa O'Connor Lisa Mears O'Connor, CFA BuySideDirect LLC a subsidiary of Intelligent Markets, Inc. 415d369d5020 Phone 415d369d5021 Fax - BSD BD Attachment 2.DOC - BuySideDirect Attachment 1.DOC - Enron BuySideDirect Subscriber Agreement Dated August 25 2000.doc - Mime.822
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