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Enron Mail |
Dave, attached is our settled form of product description and GTC we have
prepared for a HDD Australian weather swap. The GTC has been prepared on the basis that the GTCs will apply even in instances where there is a Master Agreement with the counterparty. Susan/Heidi - I would also like a specific sign off from someone (presumably Price WaterhouseCoopers) that the input tax status of commodity derivatives (as outlined in the Australian Tax Office Consultation Paper on the application of GST to financial services) will extend to weather derivatives. We are preparing similar documentation for the following, HDD swap, HDD Call Option, HDD Put Option, CDD Swap, CDD Call Option and CDD Put Option. Interested in any feedback.
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