US/Canadian Currency Swaps Online

As of this week EnronOnline has just started offering US/Canadian Dollar
Swaps Online. As part of my review in determining whether a counterparty can
transact these products online I look at the Financial Trading Agreement
Database to see if there are any restrictions indicated, check the master
swap agreement, and I am also looking at any Board Resolutions we might have
received when we got the master agreement executed.

What I am finding is that in the old days when we asked for resolutions
evidencing the authority to enter into the master agreement/derivative
transactions frequently the resolutions do not allow the counterparies to
enter into currency transactions. Since transacting these currency
transactions with our energy customers is a new area of business for us I
just wanted us all to be mindful to check these old resolutions and not to
rely solely on the "Restrictions" contained in Lotus Notes.