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Enron Mail |
Mark:
Please review the attached Credit Schedule from Dow. Given that our trade flow with them has increased to date and is expected to further accelerate, I agree with you totally that we need to finalise the ISDA. Doug ---------------------- Forwarded by Douglas S Friedman/HOU/ECT on 02/23/2001 04:14 AM --------------------------- "Corbett, Cheryl (CE)" <CECORBETT@dow.com< on 02/22/2001 07:11:13 AM To: "'Douglas.S.Friedman@enron.com'" <Douglas.S.Friedman@enron.com< cc: "Antuna, Luis (L)" <LAntuna@dow.com< Subject: FW: ISDA TDCC/Enron Doug, attached for your review and comment is the draft ISDA Schedule we recently forwarded to Adam Gross. Please forward any comments directly to Luis Antuna at lantuna@dow.com or by telephone at 517-638-6789. Regards, Cheryl Corbett < -----Original Message----- < From: Antuna, Luis (L) < Sent: Friday, February 09, 2001 11:59 AM < To: 'agross@enron.com' < Cc: Billings, Mike (ME); Corbett, Cheryl (CE) < Subject: ISDA TDCC/Enron < < Mike Billings has given us your name as the first contact person in Enron < to negotiate an ISDA agreement with The Dow Chemical Company (TDCC). Our < files show an ISDA between Enron Capital & Trade Resources and two Dow < entities (Dow Hydrocarbons & Resources, and Dow Chemical Canada). In < addition to this, my understanding is that TDCC (my predecessor in this < position) and Enron ( presumably a lawyer) had some discussions about an < ISDA, but for some reason they were not successful. Despite this, the < level of trading between the two companies have increased and TDCC has < never accepted and cannot accept the Terms and Conditions included in the < confirmations sent by Enron. For these reasons, we think we should agree < on an ISDA where conditions acceptable to both parties can apply to the < intense trading between the two companies. < < In order to speed up the process, I have enclosed to this message Dow's < template for the ISDA Schedule. We would appreciate if Enron could review < the attached draft and come back with any comments or issues for < discussion. Please forward this message to the responsible person asking < him to contact me for any discussion. Thanks. < < Regards < < <<Enron North America Corp.(draft) 2-9-01.doc<< < < < Luis Antuna < Attorney - Financial Law < The Dow Chemical Company < 2030 Dow Center < Midland, MI 48674 < Tel: (517) 638-6789 < Fax: (517) 636-0861 < lantuna@dow.com < - Enron North America Corp.(draft) 2-9-01.doc
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