|
|
Enron Mail |
Stacy or Jeff:
Could you please verify that Frank's answers to the physical questions are correct? Thanks. acrol ---------------------- Forwarded by Carol St Clair/HOU/ECT on 05/08/2000 06:12 PM --------------------------- From: Frank L Davis 05/08/2000 06:09 PM To: Carol St Clair/HOU/ECT@ECT cc: Subject: Re: Enron-online Let me know what you think. Thanks for your help!!!! Frank x37235 Alastair_Riach@cargill.com on 05/08/2000 08:54:36 AM To: fdavis@enron.com cc: Subject: Enron-online Frank, Appreciate if you can add yur commnets as discussed last week so we can then proceed as soon as possible Thanks ______________________________ Forward Header __________________________________ Subject: Enron-online Author: Alastair Riach at hdqt Date: 5/3/00 9:46 AM Frank, To follow up on our conversation earlier this week I'd like to confirm my understanding of how the terms on Enron-online will work. 1.Enron-online is a medium for executing a transaction with Enron...an electronic method just as phone is a verbal method Yes 2.Financial trades in North American will be traded with Enron North America. Physical trades in US will be with Enron NA other than in Texas where is will be Houston Pipeline Company(please can you clarify this aspect for gas moving out of Texas on interstate pipelines) Physical trades in Canada will be with Enron Canada The first sentence is correct. Physical NATURAL GAS trades in US will be with Enron North America for locations outside of Texas and Houston Pipeline Company for locations within Texas. Physical NATURAL GAS trades in Canada can be with either Enron North America or Enron Canada Corp, depending on the location. 3.All financial deals will be governed by the cargill/Enron ISDA agreement presently being negotiated Once executed, the ISDA signed be Cargill and Enron will govern any financial trades entered into by the entities that signed this agreement. 4.Physical deals will be governed by the executed GISB agreement in place Physical NATURAL GAS deals, entered into by the entities that executed a GISB agreement, will be governed by said agreement. 5.Cargill will need to have two accounts to differentiate Cargill Inc from Cargill Canada Yes Given the above summary, Cargill will look to set up two accounts as per (5) above, to commence trading with Enron-online. If you have any comments on above or can speed the setting up of our accounts, please feel free to e.mail me back today Regards Alastair Riach - Trading manager Natural Gas (tel 612 984 3021) - C.DTF - C.DTF
|