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Enron Mail |
Tom:
I'm trying to finalize the ISDA Master Agreement with these guys. We have one issue: If there is a long-term market disruption event (i.e. over 3 days), and we have no fallback price, then we negotiate a price and ENA would normally obtain 2 quotes and average them. Our position is that we prefer to obtain the quotes because if a disruption were to occur, we would obtain quotes for hundreds of deals in the same manner (because our agreements will all have the same provisions) and it is possible that 4 quotes may not be available. NYSEG would like for each of ENA and NYSEG to obtain 2 quotes and then average the 4 quotes. Are you agreeable to this? Sara 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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