Enron Mail

From:carol.clair@enron.com
To:larry.hunter@enron.com, kim.theriot@enron.com
Subject:Omnibus Confirms
Cc:sara.shackleton@enron.com, mark.taylor@enron.com
Bcc:sara.shackleton@enron.com, mark.taylor@enron.com
Date:Thu, 5 Apr 2001 02:59:00 -0700 (PDT)

Joe and Kim:
Sara and I met with Tanya yesterday and one of the topics that we discussed
was making sure that someone was tracking whether our counterparties were
signing Omnibus Confirms that had credit terms (i.e. Annex B and B-1). Can
you tell us whether there are any counterparties that aren't signing this
type of confirm? Because collateral is involved, from a legal standpoint,
the only way that we may be able to enforce our rights vis a vis the
counterparty and/or other creditors is if we can demonstrate that our
counterparty entered into a valid security agreement with us. I look forward
to hearing from you.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com