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Enron Mail |
Peter
got your voice but it was a little late to call. I will call you tonight. But let me briefly cover the points you mentioned On insurance I have faxed across our legal opinion on weather. We prepared a detailed discussion on insurance in a schedule. But the main point is that there is no nexus between damage/loss suffered by a party and payments under the weather derivative. On access to data Christian Werner in Sydney is researching alternatives. I was proposing to forward details of these arrangements so they could be double checked by B &M. Mark Taylor has been copied in on our documentation (GTCs and product description form) for Australian weather. We have also been working with Paul Simon, Edmund Cooper and Justin Boyd in London. Korea is becoming more of a possibility. Although not settled that we will be offering these products it is becoming more likely. Hence we may have some work there. ---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on 06/02/2000 05:50 PM --------------------------- David Minns 05/30/2000 05:13 PM To: Alan Aronowitz@ECT cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nicholas O'Day/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: EOL Weather Derivatives - Japan (Legal Advice) Alan further to our discussion last week. Attached is request for further advice from Baker and McKenzie on trading weather products with Japanese counterparties through EOL. As discussed would you forward it to B & M. The date of the previous advice which indicated there are no regulatory issues with weather trading needs to be inserted in 2 places. (Would you be able to send me a copy of this advice.) We need to have all legal issues resolved prior to 23 June. This is the scheduled date for function the public function to launch of EOL weather trading in Australia . We plan to trade Tokyo and Osaka in addition to Australian cities. There was discussion of Seoul weather products but this has not progressed. If it does then will need to do the required due diligence for Korea.
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