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Enron Mail |
looks fine
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 Carlos Alatorre@ENRON 02/27/2001 06:07 PM To: Sara Shackleton/HOU/ECT@ECT cc: Anna Gardiner/LON/ECT@ECT, Justin Rostant/HOU/ECT@ECT Subject: Re: LME Sara: We need to change the Prod Description fro the LME Product. The change is mainly on the Settlement Date text, which instead of "...Two business days after the date of the Transaction..." shall read as follow: For Curr LME LME (Spot) 01Mar01 JPY/USD A currency Transaction with Enron Europe Finance & Trading Limited ("EEFTL") as agent for Risk Management & Trading Corp. under which either (A) for the case in which Counterparty submits an offer to buy from EEFTL, Counterparty shall receive the Base Currency Amount and shall pay the Foreign Currency Amount, or (B) for the case in which Counterparty submits an offer to sell to EEFTL, Counterparty shall pay the Base Currency Amount and shall receive the Foreign Currency Amount. The Base Currency Amount shall equal the volume submitted by the Counterparty via the Website. The Foreign Currency Amount shall equal the Base Currency Amount, multiplied by the daily London Metal Exchange (LME) fixing rate as published by Reuters on page MTLE on the date of the transaction, modified by the price submitted by the Counterparty via the Website. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Settlement date shall be the date(s) set forth in the Product description on the Website. The price is quoted in JPY (the 'Foreign Currency') per US Dollar (the 'Base Currency'). The unit of measure against which the price is quoted shall be US Dollars. Please let me know your approval before we make any changes. Thanks Carlos ---------------------- Forwarded by Carlos Alatorre/NA/Enron on 02/27/2001 04:56 PM --------------------------- Anna Gardiner@ECT 02/27/2001 02:07 PM To: Carlos Alatorre/NA/Enron@ENRON cc: Amita Gosalia/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Lara Fields/LON/ECT@ECT Subject: Re: LME Carlos This looks as we agreed on the phone. I apologise for me being a little slow on the uptake. It has been a long day and my brain is a little tired. Let me know one this is approved and I will make the changes. Thanks Anna To: Anna Gardiner/LON/ECT@ECT cc: Shane Dallmann/LON/ECT@ECT, Justin Rostant/HOU/ECT@ECT Subject: LME Anna/Shane: Below is the Prod Description that I am going to take to Legal, please review before I have it approved and let me know if you are Ok or if you have any comments/questions, Thanks Carlos For Curr LME LME (Spot) 01Mar01 JPY/USD A currency Transaction with Enron Europe Finance & Trading Limited ("EEFTL") as agent for Risk Management & Trading Corp. under which either (A) for the case in which Counterparty submits an offer to buy from EEFTL, Counterparty shall receive the Base Currency Amount and shall pay the Foreign Currency Amount, or (B) for the case in which Counterparty submits an offer to sell to EEFTL, Counterparty shall pay the Base Currency Amount and shall receive the Foreign Currency Amount. The Base Currency Amount shall equal the volume submitted by the Counterparty via the Website. The Foreign Currency Amount shall equal the Base Currency Amount, multiplied by the daily London Metal Exchange (LME) fixing rate as published by Reuters on page MTLE on the date of the transaction, modified by the price submitted by the Counterparty via the Website. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Settlement date shall be the date(s) set forth in the Product description on the Website. The price is quoted in JPY (the 'Foreign Currency') per US Dollar (the 'Base Currency'). The unit of measure against which the price is quoted shall be US Dollars.
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