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Enron Mail |
Susan and Susan:
Just wanted to give you the heads up that we will need a deemed ISDA done for this counterparty. Jarrod and I are working on the details but could one of you undertake to get this drafted by early afternoon tomorrow? Thanks. carol ----- Forwarded by Carol St Clair/HOU/ECT on 06/05/2000 03:25 PM ----- Michael Nguyen 06/01/2000 11:14 AM To: Paul R Henry/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Rajib Saha/HOU/ECT@ECT, Seth Hurwitz/Corp/Enron@Enron, Gary Taylor/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, Scott Tackett/Corp/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT cc: Subject: Wine Bars ---------------------- Forwarded by Michael Nguyen/HOU/ECT on 06/01/2000 11:11 AM --------------------------- From: Ross McIntyre 06/01/2000 11:05 AM To: Michael Nguyen/HOU/ECT@ECT cc: Mark Tawney/HOU/ECT@ECT, Steven Vu/HOU/ECT@ECT, Catherine Woolgar/LON/ECT@ECT Subject: Wine Bars Mikey, Our official and joint press release goes out on Monday. Sarah Heward from Corneys got drunk on Tuesday night and blurted out the deal to her media pals - hence the article in the Times. An overview of the deal (subject to them seeing the contract) Transaction Type: Critical Day Index Put Option. The index will settle on the number of Thursdays and Fridays from 1/Jun/99 to 30/9/99 where the high temperature (Tmax) recorded is 24 Celcius or higher Type: Put Strike: 9 days Price 1.5 days (GBP 22,500) Client buys/sells Buys Payment terms: Premium upfront Notional amount: GBP 15,000 per critical day Payout limit: GBP 135,000 Trade date: 30/5/00 Reference station Heathrow Fall back reference ? Data Sources: Met Web site, QC data Client name Corney and Barrow Wine Bars Ltd (I'll confirm this) Brokerage: Speedwell Weather Derivatives Limited will be paid a flat fee of GBP 500 Speedwells address is 19 St Mary at Hill London EC3R 8EE tel: +44 (0)20 7929 7979 Contact person there is Stephen Doherty. He is representing Corneys in this deal and will probably be the person to contact to get any info that you need on Corneys.
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