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Brant:
Can you please e-mail me with the particulars on what should go into the El Paso CSA so I can get that drafted and sent over to them? Thanks. Carol ----- Forwarded by Carol St Clair/HOU/ECT on 06/21/2000 09:55 AM ----- <Mike_Pate@oxy.com< 06/21/2000 07:28 AM To: Carol.St.Clair@enron.com cc: Subject: RE: MAC Language Carol: Why don't you go ahead and send over your CSA form? I think the idea here is to have it fully negotiated in advance. As to the idea of just using S&P, I will pass that along to our Treasury Dept. Mike -----Original Message----- From: Carol St Clair [mailto:Carol.St.Clair@enron.com] Sent: Tuesday, June 20, 2000 2:35 PM To: Mike_Pate@oxy.com Subject: MAC Language Mike: I have discussed your proposed language with Brant Reves, our credit person, and we are okay with the concept except that we would like for the ratings trigger to be based only on either a drop in the S&P rating or a failure to have an S&P rating. In addition, Brant has advised me that should we put in place a CSA, that the following would be the credit matrix for collateral threshold: BB to BB+ $2,500,000 Below BB Zero I look forward to hearing from you. Should we send you our form of Credit Support Annex? Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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