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Enron Mail |
As promised, please find attached the materials for Wednesday afternoon's
meeting. The materials consist of: 1. Revised draft Cross-Agreement Bridge; 2. Accompanying memorandum; 3. Draft ISDA/GMRA Bridge taking the "transaction" approach (previously distributed); 4. Draft ISDA/GMRA Bridge taking the "insolvency" approach (previously distributed); 5. Draft ISDA/OSLA Bridge taking the "transaction" approach (previously distributed); 6. Draft ISDA/OSLA Bridge taking the "insolvency" approach (previously distributed); 7. Allen & Overy memorandum to the Working Group (dated 24th November, 1999); 8. Allen & Overy memorandum to the Strategic Documentation Review Task Force (dated 6th December, 1999) During the meeting, we would like to focus attention on the revised Cross-Agreement Bridge. In previous meetings, the Working Group reached a broad consensus that we should pursue the "insolvency" approach, and, in particular, the approach taken in the draft Cross-Agreement Bridge. This approach is the approach that has been considered by our legal counsel in the course of providing advice in relation to the various amendments and provisions proposed as a result of our Strategic Documentation Review (you should have received most of the SDR opinions by e-mail from Barbara Hanlon on 16th February). The advice we received on this type of bridge is, for the most part, very positive. However, we are also circulating copies of the other draft bridges that the group has already considered, including those that try to take a "transaction" approach. Although our focus at present is very much on trying to finalise a Cross-Agreement Bridge, we would welcome any further discussion on possible future efforts. Kind regards, John. <<Cross-Agreement bridge.doc<< <<Bridge memo.dot<< <<GMRA transaction bridge.doc<< <<GMRA insolvency bridge.doc<< <<OSLA transaction bridge.doc<< <<OSLA insolvency bridge.doc<< <<Working Group bridge memo.doc<< <<Task Force bridge memo.doc<< John Berry International Swaps and Derivatives Association, Inc. One New Change, London, EC4M 9QQ Tel: +44 20 7330 3550 Fax: +44 20 7330 3555 e-mail: jberry@isda-eur.org http://www.isda.org -----Original Message----- From: Barbara Hanlon [mailto:BHANLON@isda.org] Sent: 14 March, 2001 21:18 To: Angela Papesch; Beat Gabathuler; Charles Ross-Stewart; David A. Lewis; David Benton; David Wysoki; Ernst Decker; Francesco Caputo Nassetti; Gabriel Benincasa; Jeff Golden; Joe Carrico; John Berry; Kimberly Summe; Mark Taylor; Peter Harvey; Richard Tredgett; Robert Pickel; Sherri Venokur; Sherri Venokurs Assistant Cc: Mehboob Hoque; Lakeisha Johnson; Cynthia Richards Subject: Master Agreement Structural Issues Working Group Meeting Notice Allen & Overy has been working on revisions to the Cross-Agreement Bridge. A revised draft will be available before the end of the week. We would like to schedule a meeting for Wednesday, March 21st at 9:00a.m. New York time/2:00p.m. London time to be held in ISDA's New York and London offices. We encourage people to attend in person, but will provide call-in information to those who cannot attend in person. Please RSVP to Cynthia Richards at crichards@isda.org. Robert Pickel Executive Director and CEO International Swaps and Derivatives Association, Inc. 600 Fifth Avenue, 27th Floor Rockefeller Center New York, New York 10020-2302 Phone: (212) 332-1200 Fax: (212) 332-1212 Ms. Barbara Hanlon Database Administrator International Swaps and Derivatives Association, Inc. 600 Fifth Avenue, 27th Floor Rockefeller Center New York, New York 10020-2302 Phone: (212) 332-1200 Fax: (212) 332-1212 - Cross-Agreement bridge.doc - Bridge memo.dot - GMRA transaction bridge.doc - GMRA insolvency bridge.doc - OSLA transaction bridge.doc - OSLA insolvency bridge.doc - Working Group bridge memo.doc - Task Force bridge memo.doc
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