Enron Mail

From:carol.clair@enron.com
To:sara.shackleton@enron.com
Subject:Re: updated credit luncheon discussion list
Cc:
Bcc:
Date:Tue, 20 Feb 2001 02:39:00 -0800 (PST)

Sara:
Just a few additional thoughts on this list as possible topics:

1. credit event upon merger - seems like more counterparties want to define
the "materially weaker" standard. Alos, I'm wondering how credit monitors
mergers in general.

2. additional termination events - when does credit consider additional
events like change of control, MAC, chnages to partnership agreement or
structure etc.

3. minimum transfer amount - how it works and how it is different from the
threshold

4. threshold amount - what triggers makes it reduce to zero

5. enforcement of collateral remedies - going over the timetable for
enforcing our remedies when a counterparty fails to post and the different
cure periods.

6. letter of credit bank qualifications - confirming with credit that these
are still current

7. cash collateral in Canada




Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



Sara Shackleton
02/20/2001 09:47 AM

To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: updated credit luncheon discussion list



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