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Enron Mail |
Pablo:
Weather derivatives are derivative transactions that we do with counterparties based on temperature chnages, rainfall amounts etc. For example, a counterparty (i.e., a ski lift operator) may want us to agree to pay them within a certain seasonal period based on the number of days that the temperature exceeds a certain level. With respect to credit derivatives, these are again financial transactions that we may enter into with a counterparty where we may agree to pay them if an entity taht they have a relationship with goes bankrupt. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com "Pablo Perezalonso" <pperezalonso@rhm.com.mx< 06/23/2000 06:15 PM To: Carol.St.Clair@enron.com, JRazguzman@rhm.com.mx cc: Subject: Re: Securities Question I am sorry, but, Could you define what do you understand by weather or credit derivatives? Thank you Pablo Perezalonso Egu?a Ritch, Heather y Mueller, S.C. pperezalonso@rhm.com.mx tel: (52) 5-2076533 <<< "Carol St Clair" <Carol.St.Clair@enron.com< 06/23/00 04:07PM <<< Pablo and Jose: As a follow-up to our discussion yesterday, would you consider either weather derivatives or credit derivatives to be "securities". Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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