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Enron Mail |
Agreed. However, if we have to negotiate separate ISDAs, we will have to
incorporate different threshold amounts. My question is, Is there any way we can draft these documents such that only one, overall threshold could be set under which all Vitol exposure can be aggregated? Lee Munden@ECT 08/09/2000 08:27 AM To: Paul Radous/Corp/Enron@ENRON cc: David Hardy/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT Subject: Re: Vitol S.A. Paul I have always believed that Vitol SA and Vitol SA Inc are one and the same company anyway. IE the later is simply a US branch. Lee From: Paul Radous @ ENRON 09/08/2000 14:19 To: Lee Munden/LON/ECT@ECT cc: David Hardy/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT Subject: Re: Vitol S.A. Okay. I will inform the ENA commercial team that they will need to allocate the total available line with ECTRIC. I believe separate masters with separate credit thresholds will be required. Though I would appreciate input from legal if we can somehow net Vitol S.A. (Swiss) with its US unit, Vitol S.A. Inc. under one master and thus set only one, global limit without the need to allocate. Lee Munden@ECT 08/09/2000 03:42 AM To: Paul Radous/Corp/Enron@ENRON cc: David Hardy/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT Subject: Vitol S.A. Paul Yes, we have received figures for end 12/99 plus unaudited figs for 31/5/00. I believe Neil is doing the analysis and will input them into CAS - credit Analysis shortly. Lee ---------------------- Forwarded by Lee Munden/LON/ECT on 09/08/2000 09:43 --------------------------- From: Paul Radous @ ENRON 08/08/2000 21:22 To: Lee Munden/LON/ECT@ECT cc: Subject: Vitol S.A. Lee Just wanted to follow up and see if we have received the updated financials yet from Vitol. Paul
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