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Enron Mail |
Susan,
EIM Holdings (Canada) Co., a Canadian Nova Scotia Unlimited Liability Company that is an indirect wholly-owned subsidiary of Enron Corp., acquired all of the shares of Daishowa Forest Products Limited, a Canadian corporation, on March 30, 2001. DFPL owns all of the shares of Compagnie de papiers Stadacona, Ltee., a Quebec corporation whose name Enron changed from "Daishowa, Inc." to "Compagnie de papiers Stadacona, Ltee." approximately two to three weeks after the acquisition of DFPL. I don't know the date of the FX trade that you're asking about, but please note that we should be including language in each confirm reflecting that any hedging transaction entered into by Stadacona is properly identified as a hedge for U.S. federal tax purposes. Please let me know if you need that language. Regarding the notice address in the ISDA, Peter del Vecchio should be able to provide you with what may be the new address for Stadacona, as I believe the address below is that of the company that sold the shares of DFPL to us. I hope this helps. Please contact me at ext. 35777 if you'd like to discuss further. Best regards. -----Original Message----- From: Bailey, Susan Sent: Wednesday, April 25, 2001 6:42 PM To: Blumenthal, Jeff Cc: Shackleton, Sara; Adams, Laurel Subject: Compagnie de Papiers Stadacona Importance: High Jeff, Sara has asked me to follow-up regarding the captioned Enron Affiliate and the need to confirm a trade. Being that this Enron affiliate does not appear in the Corporate Database I was hoping you could furnish details regarding this Enron Affiliate, as follows: 1. When was the company incorporated??? 2. Where was it incorporated??? 3 Or did we acquire an existing company by virtue of an acquisition??? 4. What is the date of the FX trade, for which this Enron Affiliate is a party??? 5. If this is a newly formed Enron Affiliate was the date of the FX trade dated simultaneous with the company's incorporation??? 6. For notice purposes under the ISDA -- would we use the following??? Bay Wellington Tower - BCE Place 181 Bay Street, Suite 1540 Toronto, Ontario M5J 2T3 7. If the foregoing address for notice is sufficient -- please advise as to: (a) whom's attention, (b) phone number, and © fax number. In discussing this matter with Sara, we have determined it would be a cleaner transaction if the FX trade could be confirmed under an RMT master rather than doing a Deemed ISDA confirmation. Therefore, once you furnish the foregoing information Sara and I will be able to decide what path to take in order to consummate this FX trade. Thanks for the help. Cordially, Susan S. Bailey Enron North America Corp. 1400 Smith Street, Suite 3806A Houston, Texas 77002 Phone: (713) 853-4737 Fax: (713) 646-3490 E:mail: Susan.Bailey@enron.com ----- Forwarded by Susan Bailey/HOU/ECT on 04/25/2001 06:22 PM ----- Sara Shackleton 04/25/2001 01:55 PM To: Susan Bailey/HOU/ECT@ECT cc: Subject: Deemed ISDA Susan: Laurel Adams has an FX deal where RMT must be a party. The counterparty is a 100% owned Enron sub named "Compagnie de Papiers Stadacona". When I last checked, nothing shows up in the corporate database. However, I have verified the name, ownership, etc. with Jeff Blumenthal. I will separately email you the counterparty info that I have. We need a deemed ISDA for the parties. We should later do the ISDA when the information is available on the database (which could be any day, I suppose). I would just use our standard RMT format. Please assign. Feel free to call me or Laurel with questions. Thanks. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com
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