|
|
Enron Mail |
Further to some of your comments including the one from Paul Simons below, we
should work to establish some general policies. The ones from Legal seem to be straightforward enough. We need however to discuss how they should be implemented to make all parties satisfied. Credit: Could we discuss your requirements for immediate clearance. Finally, we need to establish on which platform these approvals will be managed. The Approval Form that I sent around previously is acceptable for ad hoc request (or at least with the current level of requests), but going forward I think that we will require some kind of database, may be like the EOL counterparty database. In the meantime, I will send out procedures for the introduction of the Approval Form. Regards Tomas _____________________________________________ I think that the "general policies" route is the right (and only) one - particularly for the vast number of reference entities envisaged. From a legal sign off perspective, we should be able to give the immediate all clear, provided in the case of a ref entity, that it is not an existing customer/counterparty of Enron (if it is we'll need to check confidentiality agreements etc). We'll need to work out the quickest way of establishing this (but it is not per se a legal task) in the case of a ref entity, that we have carried out the necessary the legal due diligence in its country of establishment/location in the case of a counterparty, that we have carried out the necessary legal due diligence in its country of establishment/location Of course our legal due diligence may require us to take additional steps in the case of some countries/counterparties, but we will address these steps as generically as possible. Hope this gives a sense of where we're coming from. Please call me to discuss further if need be. Paul
|