Enron Mail

From:scott.griffin@enron.com
To:aespinosa@gerencia.cmpc.cl, fruiztagle@gerencia.cmpc.cl
Subject:CMPC Questions concerning 3-yr Newsprint Financial Swap
Cc:gustavo.junqueira@enron.com, jay.epstein@enron.com, mark.taylor@enron.com,paul.radous@enron.com, bob.crane@enron.com
Bcc:gustavo.junqueira@enron.com, jay.epstein@enron.com, mark.taylor@enron.com,paul.radous@enron.com, bob.crane@enron.com
Date:Wed, 27 Dec 2000 07:28:00 -0800 (PST)

Dear Alejandro and Francisco,

I spoke with both our legal and credit departments in order to answer your
questions. In regards to an agreement to complete the specific three-year
fixed price financial swap, a "Deemed ISDA" agreement would need to be
enacted. This document would be modified from the general example that we
previously sent you. A draft agreement would recognise your company's
location in Chile and recognise the agreement under the Laws of the State of
New York as you requested.

Our legal staff will put together a draft of the "ISDA" for your review, and
we will send it as soon as it is completed. Please contact me if you have
any additional questions.

Sincerely,

Scott F Griffin
Enron Corp.
Phone: 713-345-3242