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Enron Mail |
Mark: Do you want to speak with the Bank of Montreal about an ISDA with
Japan? Darren has been sending calls to me re: ISDA's and brokerage agreements for our Japanese affiliate. Sara ----- Forwarded by Sara Shackleton/HOU/ECT on 08/21/2000 08:26 AM ----- Sara Shackleton 08/18/2000 08:17 AM To: Mark Taylor/HOU/ECT cc: Subject: Re: brokerage agreements Is John also responsible for brokerage/futures? Will he run through Ted? Will we keep copies? ----- Forwarded by Sara Shackleton/HOU/ECT on 08/18/2000 08:16 AM ----- John Viverito@ENRON 08/18/2000 03:37 AM To: Darren Delage/HOU/ECT@ECT cc: Sara Shackleton/HOU/ECT@ECT, Jonathan Whitehead/AP/Enron@Enron Subject: Re: brokerage agreements Darren- Currently, we have three ISDA Master Agreements under process. Our potential counterparties are Mitsui Marine and Fire Insurance Co., The Industrial Bank of Japan and Sanwa Bank Ltd. We have produced these documents based on the credit worksheets prepared in Houston and in conjunction with Baker & McKenzie, Tokyo. Mark Taylor is reviewing the drafts prior to presenting them to the potential counterparties. I am not aware of any brokerage arrangements to which Enron Japan Corp. is a party. I note that I have copied Jonathan Whitehead on this correspondence, as he may be able to provide insight regarding plans for entering into such arrangements. Best regards, John Darren Delage@ECT 08/17/2000 12:40 PM To: John Viverito/Corp/Enron@Enron cc: Sara Shackleton/HOU/ECT@ECT Subject: brokerage agreements Thanks for your response John, I think it provides the clarification that we need to move forward. I have one further question for you relating to current ISDA/exchange agreements that we have in place in Enron Japan. Below are all exisiting ISDA and brokerage agreements that Financial trading currently has in place. Does Enron Japan have any ISDA/broker agreements in place that we can use for the purpose of executing financial trades? (perhaps with some of the names on the attached list?)If so, do you know what sort of credit has been extended and/or whether there is netting versus other commodity books or dedicated activity credit? If we do not have any agreements in place which would allow us to conduct trades, do you know who I should contact regarding necessary documentation? Sincerely, Darren ---------------------- Forwarded by Darren Delage/HOU/ECT on 08/17/2000 12:12 PM --------------------------- From: Sara Shackleton on 08/17/2000 11:43 AM To: Darren Delage/HOU/ECT@ECT cc: Samantha Boyd/NA/Enron@Enron, Laurel Adams/HOU/ECT@ECT Subject: brokerage agreements Darren: Laurel mentioned that you were interested in existing/pending brokerage/futures agreements. Attached are our most recent matrices by Enron company. ALL of these agreements are negotiated by legal and must be executed by the business unit (VP or higher) and Ted Murphy. Sheila Glover always sends a request and explanation for new account to legal, compliance and Ted Murphy. Legal keeps a comprehensive listing by Enron company in an effort to avoid confusion. Legal updates authorized trader lists and trading resolutions. Let me know if you have any questions. Sara
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