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Enron Mail |
Paul:
With respect to Valentis: (a) Does the MAC apply to both S&P and Moody's? (not clear from worksheet) (b) Are the financial covenants Events of Default or Termination Events? (looks like these were Termination Events in AIG) © Is this deal two-way margining? You have set 0 Thresholds but indicated Return/Delivery for both parties. Our discussion of last week may have changed (we discussed one-way margining for CP only). I'll have the same questions for CD Holdings. 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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