Re: Prepaid Swap

Jarrod:
This looked fine to me. My only comment is that in the definition of
Floating Price Payer payment Amount instead of the words "a sum" consider
using the words "an amount".
carol

Jarrod Cyprow
05/23/2000 02:14 PM

To: Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
cc:
Subject: Prepaid Swap

I have attached a draft for a Prepaid Swap. This deal needs to be structured
in such a way that the Fixed price is payed once, and the floating price is
then paid every month. Please let me know if I can use the attached Draft.

If you have any questions please give me a call (ext. 35700).