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Enron Mail |
Stuart:
Can we talk about the situation when you have about 15 minutes? 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 William Stuart 01/23/2001 12:30 PM To: Fatimata Liamidi/NA/Enron@ENRON, Gustavo Junqueira/HOU/ECT@ECT, Carlos Ruiz/NA/Enron@Enron cc: Sara Shackleton/HOU/ECT@ECT Subject: Re: Project Crane Since your plan is to assume the existing hedges, you need to determine from Sara Shakleton, our legal advisor, the issues related to assignability. Also, you should reduce the amount of CAD that you need to hedge by assigning the existing hedges. Sara: What should we do if there is a position with a bank in which we do not deal with or have agreements with? W. Stuart To: William Stuart/HOU/ECT@ECT cc: Jay Boudreaux/HOU/ECT@ECT, Carlos Ruiz/NA/Enron@Enron Subject: Re: Project Crane Stuart: Would it be possible for you to send us a tradeable forward curve (we need to use it for our base case and run sensitivities from there)? Also here are some answers to the questions you asked earlier this morning. 1) Will the asset be in a mark-to-market book? If so, will you need mark-to-market accounting for this hedge? Answer: We will plan to review with Kent Castleman 2) Under what entity name will the hedge be executed? Answer: Not yet determined 3) What will be done with the existing hedges that the entity currently has in place? Will they be assigned to Enron? Liquidated? Answer: Yes, we plan to assume the existing hedges on the date of purchase Thanks a lot. Fati and Carlos
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