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Enron Mail |
I spoke with Bob earlier this week and he outlined the plan for me. My
understanding is that ECTRIC will no longer be used for London financial trading. If that is correct, from a credit perspective, this is no different than setting up a new legal entity, as there will be no possibility for netting benefits. To the extent that there is little overlap of ECTRIC/ENA customers with Softs customers, the impact may be minimal. Trena, can you offer comment on this? Where there is overlap, there is the potential for smaller credit thresholds within the ISDA as we would need to divide the total line among different relationships. Trena, we should follow up on this when you have some time. Thanks, Tanya -----Original Message----- From: Musch, Susan Sent: Friday, March 09, 2001 10:55 AM To: 'Robert Bruce/Enron North America@ENRON'; McFarland, Trena Cc: Juggins, Janine; Nelson, Rod; Glover, Sheila; Rohauer, Tanya; Aronowitz, Alan; Marsh, Jonathan; Taylor, Mark; Douglas, Stephen H. Subject: RE: Entity for softs trading- signoff I'm okay with using ECTRIC for softs global trading (as further described in Robert Bruce's e-mail) as well. Best regards, Susan -----Original Message----- From: Bruce, Robert On Behalf Of Robert Bruce/Enron North America@ENRON Sent: Thursday, March 08, 2001 4:21 PM To: McFarland, Trena Cc: Juggins, Janine; Nelson, Rod; Glover, Sheila; Musch, Susan; Rohauer, Tanya; Aronowitz, Alan; Marsh, Jonathan; Taylor, Mark Subject: Re: Entity for softs trading- signoff Yes, legal is OK with this. Trades executed from the London desk will be arranged through EEFT; trades executed from the New York desk will not need to be. In either case, the Enron principal to the transaction would be ECTRIC. Robert E. Bruce Senior Counsel Enron Wholesale Services T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com Trena McFarland 03/08/2001 03:49 PM To: Robert Bruce/NA/Enron@Enron, Janine Juggins/LON/ECT@ECT, Susan Musch/ENRON_DEVELOPMENT, Rod Nelson/LON/ECT@ECT, Tanya Rohauer/HOU/ECT cc: Sheila Glover/HOU/ECT@ECT Subject: Entity for softs trading- signoff Everybody It is my understanding that for we can use the single entity ECTRIC for softs global trading(London and New York). Please confirm that each of your respective departments is in agreement with this. Thank you Trena McFarland Enron Agricultural Trading
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