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Enron Mail |
I've left a message for Dave Adams (legal) to call back AND described to him
the following situation: ENA and NRG have executed OVER 130 financial deals both online (EOL) and offline WITHOUT EVER CHANGING ANY OF THE GTC's. In the absence of an executed master agreement, we never want the GTC's to change! The reason is that bankruptcy protection for swap agreements requires a single agreement for all swap transactions. If you don't have an ISDA master agreement in place, you want your single set of GTC's to be viewed by a court as a single agreement. Having different versions of the GTC's does not look like a single agreement. I will try to convince Dave Adams that we should retain our GTC's but move forward on an ISDA which would then govern all online and offline trades. 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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