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Enron Mail |
Justin:
What lawyer handles daily financial trading issues? I need to speak with that person about US swap eligibility rules governing US companies, specifically, ECTRIC, and who evaluates ECTRIC's counterparties for eligibility. The specific issue has to do with Total as you will see from the string of emails attached. I look forward to hearing from you. Thanks. 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 ----- Forwarded by Sara Shackleton/HOU/ECT on 05/14/2001 06:22 PM ----- Brant Reves/ENRON@enronXgate 05/08/2001 02:23 PM To: Sara Shackleton/HOU/ECT@ECT cc: Paul Maley/LON/ECT@ECT Subject: RE: Total International Ltd. Sara, ECTRI is a UK registered company. As a subsidiary of ENA, which is registered under US law, can my trader sleave deals through ECTRI to get around the eligibiilty issue. We are working with Total to get a confidentiality agreement signed but it is taking awhile and we will not be receiving financial statements to evidence eligibility for another three weeks. thanks brant -----Original Message----- From: Maley, Paul Sent: Tuesday, May 08, 2001 10:56 AM To: Reves, Brant Subject: RE: Total International Ltd. Brant For SFA purposes as they are ulitmately owned by a quoted company on a recognised stock exchange then this is sufficient to sign them off. I don't really know whether this makes them an elligible swap participant for the US though. Paul From: Brant Reves/ENRON@enronXgate on 07/05/2001 09:59 CDT To: Paul Maley/LON/ECT@ECT cc: Subject: RE: Total International Ltd. I am not quite sure I understand. Does SFA requirements mean you have a guaranty, financial statements, or other material that establishes them as an eligible derivative customer. One of our marketers continues to try and trade with them and I still don't fully understand how they are open in London. Does meeting SFA requirements establish this customer as an eligible counterparty under US statutes? brant -----Original Message----- From: Maley, Paul Sent: Friday, May 04, 2001 7:53 AM To: Reves, Brant Cc: Jackson, Lee; Shackleton, Sara Subject: Re: Total International Ltd. Brant We have passed them for SFA requirements in London so yes they can trade through London no problem at all. (see Regulatory tab in CAS) Any problems, let me know. Paul From: Brant Reves/ENRON@enronXgate on 03/05/2001 08:30 CDT To: Paul Maley/LON/ECT@ECT cc: Lee Jackson/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT Subject: Total International Ltd. Paul, I have a trader that is trying to trade financially with Total International Ltd., but we have asked that he not until we can sort our some eligibility issues. Prior to speaking with Ben Hamida at Total last week, we had never approached them for financial statements or a guaranty that would establish them as elibible contract parties. I noticed that we have significant financial trading with them in London. How have you established eligibilty? My trader is asking, since he cannot trade under ENA with Total, if he can sleave deals through London. Any ideas or insight would be helpful. thanks brant
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