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Enron Mail |
This is about the fifth email I have received today regarding Barep. They
appear to be the flavor of the day counterparty. Has a decision been made to only have one ISDA master between Barep and ENA and to the extent Europe wants to trade with Barep we will back to back the trade through ENA to ECTRIC? I would rather do this than have two masters in place with the same counterparty. In the US we do not use novation agreements we use assignment agreements. I know several years ago when I worked at Salomon I had to use novation agreements with UK counterparties because of some oblique tax problem, is this still a requirement? I am attaching a general form of assignment agreement used by the swap group if that form is acceptable otherwise I am sure Paul has an appropriate form. Regards, Brent Sara Shackleton@ECT 09/26/2000 12:46 PM To: Brent Hendry/NA/Enron@Enron cc: Subject: ISDA Master Agreements Brent: will you please respond to Martin. Thanks. SS ----- Forwarded by Sara Shackleton/HOU/ECT on 09/26/2000 12:45 PM ----- Martin Rosell 09/26/2000 12:21 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: ISDA Master Agreements Sara It has been agreed between ENA, ECTRIC and the c/p referred to below to, by way of novation, replace ECTRIC with ENA in a weather transaction. Pls advise me of any particular form used in Houston for the purpose of such novation. Tks. Martin ---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-09-26 19:21 --------------------------- Catherine Woolgar 2000-09-26 16:34 To: Martin Rosell/OSL/ECT@ECT cc: Subject: ISDA Master Agreements ---------------------- Forwarded by Catherine Woolgar/OSL/ECT on 26/09/2000 16:34 --------------------------- Enron Capital & Trade Resources Corp. From: allan.roopan@socgen.com 26/09/2000 10:53 To: Steven.Vu@enron.com, Catherine.Woolgar@enron.com cc: michel.queruel@socgen.com, oriane.cheneau@socgen.com Subject: ISDA Master Agreements Steve, Catherine, Please have your legal teams for ENA and ECTRIC speed up the process to put the two ISDA Master agreements in place. That should avoid future problems with documenting our trades. Thank you in advance. Allan ----- Forwarded by Oriane CHENEAU/barep/fr/socgen on 26/09/2000 10:43 ----- |--------+-----------------------< | | Oriane | | | CHENEAU | | | | | | 25/09/2000 | | | 14:20 | | | | |--------+-----------------------< <----------------------------------------------------------------------------| | | | To: Steven.Vu@enron.com@internet | | cc: | | Subject: ISDA Master Agreement between BAREP and Enron | <----------------------------------------------------------------------------| Dear Steven: Since this last e.mail below, I have no news from your legal department. Could you please tell to me what is going on? I am looking forward to sending to you our draft of ISDA Master Agreement. Best Regards. Oriane ----- Forwarded by Oriane CHENEAU/barep/fr/socgen on 25/09/2000 14:17 ----- |--------+------------------------< | | Oriane CHENEAU| | | | | | 07/09/2000 | | | 15:22 | | | | |--------+------------------------< <----------------------------------------------------------------------------| | | | To: Steven.Vu@enron.com@internet | | cc: | | Subject: Re: (Document link: Oriane CHENEAU) | <----------------------------------------------------------------------------| Steven: Oriane Ch,neau Legal counsel tel: 33 1 53 32 91 52 fax: 33 1 53 32 91 21 Thank you. Oriane |--------+-----------------------< | | Steven.Vu@enr| | | on.com | | | | | | 07/09/2000 | | | 15:18 | | | | |--------+-----------------------< <----------------------------------------------------------------------------| | | | To: Oriane CHENEAU/barep/fr/socgen@socgen | | cc: | | Subject: | <----------------------------------------------------------------------------| Oriane: One more thing, could you please e-mail me all of your contact information? I would like to forward this to our legal team here in Houston. Steven ************************************************************************* Ce message et toutes les piSces jointes (ci-aprSs le "message") sont confidentiels et ,tablis . l'intention exclusive de ses destinataires. Toute utilisation ou diffusion non autoris,e est interdite. Tout message ,lectronique est susceptible d'alt,ration. La SOCIETE GENERALE et ses filiales d,clinent toute responsabilit, au titre de ce message s'il a ,t, alt,r,, d,form, ou falsifi,. ******** This message and any attachments (the "message") are confidential and intended solely for the addressees. Any unauthorised use or dissemination is prohibited. E-mails are susceptible to alteration. Neither SOCIETE GENERALE nor any of its subsidiaries or affiliates shall be liable for the message if altered, changed or falsified. *************************************************************************
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