Enron Mail

From:brian.flaherty@enron.com
To:frank.davis@enron.com, edmund.cooper@enron.com, justin.boyd@enron.com
Subject:Enron Online Access & ISDA's - ALCOA
Cc:kathy.moore@enron.com, mark.taylor@enron.com, jon.barrett@enron.com,alfred.pennisi@enron.com, tj.pimpinelli@enron.com, craig.young@enron.com
Bcc:kathy.moore@enron.com, mark.taylor@enron.com, jon.barrett@enron.com,alfred.pennisi@enron.com, tj.pimpinelli@enron.com, craig.young@enron.com
Date:Tue, 22 Aug 2000 23:45:00 -0700 (PDT)

To all,

One of our customers, ALCOA, has been registered on EOL for the OTC metal
products, but is having problems accessing the trading site.

The problem stems from two areas:

1) When ALCOA accesses the trading site, the prompt for Enron's terms and
conditions comes up with a further prompt to agree or disagree to the
conditions. ALCOA's legal team has determined that they should not agree to
the conditions because they have an existing ISDA agreement in place with MG
Ltd.

2) ALCOA has talked to EOL's help desk (specifically Kathy Moore), who
subsequently has determined (I assume with Enron legal) that the current ISDA
in place with MG Ltd. is sufficient to begin trading EOL's OTC metal products.

In further discussions I had with Mark Taylor today, he basically confirmed
that the ISDA that's in place is valid for EOL's OTC metal products, but said
that I should confirm with either Edmund Cooper or Justin Boyd in London for
final confirmation of the legal questions, and Frank Davis for the EOL access.

In addition, Mark alluded to the probability that Enron legal/compliance does
not have a listing and/or copies of ISDA's that MG Ltd. has in place with
customers. If you'd like, I can help facilitate that. Please advise.

Could you confirm for me the following via telephone and/or e-mail:

1) That the current ISDA ALCOA has in place is valid for EOL's OTC metal
product trading.

2) That their account can access the site without the term and conditions
prompt.

Please contact me if you have any further questions or concerns.

Regards,
BEF



Brian Flaherty
Vice President
MG London Inc.
520 Madison Avenue
28th Floor
New York, NY 10022
Tel: 212.715.2344
Fax: 212.715.2360
E-mail: brian.flaherty@mglondon.com