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Enron Mail |
Brant:
FYI Carol ---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/27/2000 08:49 AM --------------------------- "Lum, Susan" <LumS@EPEnergy.com< on 04/27/2000 08:01:12 AM To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com<, "Shuttee, John" <ShutteeJ@EPEnergy.com< cc: Subject: FW: Response to Comments Thank you for your comments Carol. By copy of this email, I am forwarding them on to John Shuttee who is now responsible for ISDA negotiations. He is out of the office the remainder of this week but as of Monday he can be reached at my old phone number of 713-420-3548. Thank you. -----Original Message----- From: Carol St Clair [mailto: ] Sent: Wednesday, April 26, 2000 6:14 PM To: Lum, Susan Cc: Brant Reves Subject: Response to Comments Susan: We have finally had a chance to internally discuss the comments that you sent to Marie Heard on March 21 by e-mail and here is our response: ISDA Comments 1. Item #1 is fine 2. We will agree to $100,000,00 for both parties 3. It is Enron's Policy to use Loss instead of Market Quotation, which I- believe is the standard that is currently used in the existing Master. As a compromise, we can agree to Market Quotation for Transactions with a term of 2 years or less as of the applicable termination date and Loss for all others. 4. Item #4 is fine. 5. Our credit people want to keep MAC where it is as a trigger that reduces the collateral threshold to zero. 6. I would like to discuss with you what we are doing with the existing Guarantys. 7. Item #7 is okay but we would prefer a separate termination agreement. 8. I need to discuss with you items #8 and 10 CSA COMMENTS 1. Item #1 is fine 2. We cannot agree to item #2 and would like for it to remain at 20 3. I would like to discuss item #3 with you Also, some of the changes that were made were not marked (i.e., no fault termination was not in our draft, but in yours). Could you please e-mail me your latest versions so that I can make sure that I have seen all of the changes? With respect to no-fault termination, we cannot as a policy matter agree to that. I look forward to hearing from you. Carol (713-853-3989) ****************************************************************** This email and any files transmitted with it from El Paso Energy Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ******************************************************************
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