|
|
Enron Mail |
Mark - Treasury just minutes ago sent this compromise language to the CEA
bill to Gramm's staff. It is my understanding from Treasury that the swap exemption is expanded slightly to say that if you are a trading on a facility (MTF) and you are trading on principle-to-principle basis among eligible contract participants you are no longer subject anti-fraud and anti-manipulation as contained in Sec. 107 of the House passed legislation. This would be good for us. Ken is in London, so can you take a quick look at the attached language and tell me if you concur. Also, we need to take a look at the new Sec. 4 to see if it causes any problems. They may cut a deal as early as this afternoon! Thanks - Chris ----- Forwarded by Chris Long/Corp/Enron on 12/12/2000 11:48 AM ----- RAISLERK@sullcrom.com 12/12/2000 11:41 AM To: clong@enron.com cc: Subject: Fwd: FW: Even more revised title IV Attached is the package sent by the Ag Committees with Treasury's input to Sen Gramm today. -----Original Message----- From: Gary.Gensler@do.treas.gov [mailto:Gary.Gensler@do.treas.gov] Sent: Tuesday, December 12, 2000 11:09 AM To: gdbaker@wms-jen.com Subject: FW: Even more revised title IV As discussed. < -----Original Message----- < From: Stewart, Lawranne < Sent: Tuesday, December 12, 2000 10:35 AM < To: Gensler, Gary; 'm1pmp00@frb.gov'; 'rpaul@cftc.gov'; < 'alowenthal@cftc.gov'; 'mcguire@sec.gov' < Subject: FW: Even more revised title IV < < < Attached is a revised version of Title IV (including contract enforcement < provisions at section 406), along with an amendment to the definition of < "tradign facility" to exempt single dealer markets. < < <<trdgfac.doc<< <<TitleIVr.doc<< ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. - trdgfac.doc - TitleIVr.doc
|