Enron Mail

From:carol.clair@enron.com
To:matt.dawson@enron.com
Subject:Re: Kaiser financial agreements
Cc:paul.simons@enron.com, roderick.nelson@enron.com
Bcc:paul.simons@enron.com, roderick.nelson@enron.com
Date:Fri, 25 May 2001 03:53:00 -0700 (PDT)

Matt:
There is a Master Commodity Swap Agreement dated May 1, 1996 between Kaiser
Aluminum & Chemical Corporation and Metallgesellschaft Ltd. which I thin k is
now Enron Metals Limited. Aren't the swaps documented under this Master?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



Matt Dawson/Enron@EUEnronXGate
05/25/2001 10:12 AM

To: Carol St Clair/HOU/ECT@ECT
cc: Paul Simons/Enron@EUEnronXGate
Subject: Kaiser financial agreements

Hello claire- I have spoken to EML's documentation department who confirmed
that the Kaiser entity used for financial trades is Kaiser Aluminium &
Chemical Corporation. I can also confirm that there is an ISDA Master in
place between Kaiser and ENA, effective August 28 1997, but there is no ISDA
Master (signed or in negotiation) with Enron Metals Limited, the financial
trading arm of Enron Metals. EML trades have been running from 9 Jan 2001 to
4 May2001.

Hope this helps

Matt Dawson