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Enron Mail |
Jay:
Jeff Hodge forwarded your voice mail to me. I will give you a call later this morning to talk about the LC margin language that you need. It might help me if you could describe how the margining will work. Typically there is some dollar threshold against which our Exposure is measured and anything over that threshold needs to be supported by collateral. In addition, there is usually some Material Adverse Change trigger that reduces the threshold to zero. Is that how yours will work? Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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