|
|
Enron Mail |
January 12, 2001
MEMORANDUM TO PRIMARY / LEGAL OPINION CONTACTS Netting Opinions The legal opinion updates discussing the enforceability of the termination, bilateral close-out netting and multibranch close-out netting provisions of the 1987 and 1992 ISDA Master Agreements for twenty-nine jurisdictions are now available in electronic format from the ISDA web site. Legal opinion updates from Bermuda, Canada, Germany, Indonesia, Italy, and The Netherlands Antilles are expected shortly. Collateral Opinions Collateral opinions commissioned for Canada and Indonesia will be released on the ISDA web site next week. Last month each primary contact was sent a Firm ID and Password to allow each access to electronic ISDA documentation. The Firm ID and Password would be required to access the legal opinion updates as well. ISDA provides its legal opinions in electronic format to allow ISDA members to access the opinions more readily and easily. However, printed copies of the opinions will be made available upon request. Please click on the following link to access the legal opinions in PDF file format from the ISDA web site http://www.isda.org/docproj/netting_login.html. A free copy of Adobe Acrobat Reader, which launches the PDF file format program, can be obtained from the following Adobe web site: http://www.adobe.com/products/acrobat/readstep.html. Please note that these legal opinion updates will be available on the ISDA web site for two weeks only. The legal opinion updates will be removed from the web site at the end of January. Members are reminded that the ISDA legal opinions are intended for use by ISDA members only. ISDA is aware that providing these opinions is among the most important of its member services. If you encounter any problems accessing the legal opinions or if you have any questions regarding the content or the process of collecting and reviewing the opinions, please contact the ISDA office by email at isda@isda.org by telephone on 212 332 1200. Robert Pickel General Counsel
|