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Enron Mail |
Attached for your information is the latest advice on the introduction of
EnronOnline to Australia. I'm not sure how close you want to follow progress but I'll copy you in until you say to stop . There are no regulatory or contractual concerns that might delay implementation . However, there will need to be some more work on regulatory issues when we extend EnronOnline to non-electricity commodity derivatives. Last year I drafted GTCs for Power trades and amended the Password Agreement and ETA. These are with outside counsel for external review. If there are going to be any legal issues they are more likely to be on procedural matters. For example it is not clear yet which office counterparties wishing to open an account will call. If it is not here then we will need to develop a protocol to ensure legislative requirements in checking potential counterparties are followed. I am working with our people developing product descriptions.
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