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Enron Mail |
Could you please be kind and start to have a look at these names. Ultramar
are (BBB/Stable/A-2), Petro Canada are (BBB+/Stable/A-2) and Louis Dreyfus are (A-1+). The annual report of Preem is attached (www.preem.com) and financial information on CEPSA can be found at http://www.cepsa.es/cepsa_ingles/10/1030_index.html. The web site of ERG is www.erg.it, but there seem to be no relevant information. I will try to find out some information about the European entities tomorrow. Regards Tomas ---------------------- Forwarded by Tomas Valnek/LON/ECT on 27/04/2000 18:40 --------------------------- Konstantin Malinovski 27/04/2000 18:22 To: Tomas Valnek/LON/ECT@ECT, Mohamed Bharadia/LON/ECT@ECT cc: John Metzler/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Chris Harris/LON/ECT@ECT Subject: RE: Meeting at Enron on Tuesday Tomas, Mohamed, Please, have a look at these names... We will have to price them. Please, let me know if more info is required! Thanks Konstantin ---------------------- Forwarded by Konstantin Malinovski/LON/ECT on 27/04/2000 18:19 --------------------------- Enron Capital & Trade Resources Corp. From: Cornes David <David.Cornes@LONDON.EntOil.com< 27/04/2000 17:54 To: "'Konstantin.Malinovski@enron.com'" <Konstantin.Malinovski@enron.com< cc: Subject: RE: Meeting at Enron on Tuesday Konstantin Hope you had a good Easter mine was fairly quiet. In response to your email on the 19 of April regarding names, counter-parties and coverage; I have prepared the following: In all cases the exposure would be o10 million for a period of 120 days, starting from a date of our choosing. PREEM AB is the parent company, our counter-party is PREEM PETROLEUM AB, Sanhamngatan 51, SE-115, 90 Stockholm, Sweden. ERG Spa is the name of the company ( I think it is the initials of the original founder) and the counter-party whom we will be trading with is ERG Petroli Spa, World Trade Center, Via De Marini, 1, 16149 Genoa, Italy. CEPSA is Compania Espanola De Petroleos, S.A., Campo De Las Naciones, AVDA, Del Partenon, 12, 28042, Madrid (Espana). Ultramar Diamond Shamrock Corporation is the parent company, 6000 N.Loop, 1604 W, San Antonio, Texas, USA. Petro-Canada is the parent company, Ave SW, Calgary AB, T2P 3Y7, Canada. Louis Dreyfus Corporation address is 10 Westport Road, Wilton, CT, 06897, USA. Please let me know if this information is sufficient, I will be pleased to provide any further details at your request. Kind regards David Cornes -----Original Message----- From: Konstantin.Malinovski@enron.com [mailto:Konstantin.Malinovski@enron.com] Sent: 19 April 2000 09:52 To: Cornes David Subject: RE: Meeting at Enron on Tuesday << File: Paintbrush << David, We think, we require additional information from you - mostly of the following character: -what would be the notional amount of protection you would like to receive (or sell) per name, -what would be the duration per name The data above can make the cases more realistic, though alternatively we can come up with our assumptions. I would also appreciate if you could provide us with full names for ERG Spa and CEPSA - so we could make a credit evaluation. Hope to hear from you soon. Have a nice Easter break! With best regards Konstantin (Embedded Enron Capital & Trade Resources Corp. image moved to file: From: Cornes David pic09263.pcx) <David.Cornes@LONDON.EntOil.com< 18/04/2000 19:20 To: "'Konstantin Malinovski'" <Konstantin.Malinovski@enron.com< cc: Holt Ben <Ben.Holt@LONDON.EntOil.com<, Kennedy Patrick <Patrick.Kennedy@LONDON.EntOil.com<, Povey David <David.Povey@LONDON.EntOil.com< Subject: RE: Meeting at Enron on Tuesday Konstantin I have spoken to the traders and to Ben. It would be appreciated if you could provide us with working examples for the following counter-parties: North Sea - Louis Dreyfus Corporation Norwegian Sector - PREEM Italy - ERG Spa; CEPSA. US - Ultramar Diamond Shamrock Corporation Canada - Petro-Canada Please let me know if there is any other information you require. I will be available Wednesday the 19 April and will be back in the office on the 25 April. Thank-you for the presentation last Tuesday, it was interesting. Kind regards David Cornes -----Original Message----- From: Konstantin Malinovski [mailto:Konstantin.Malinovski@enron.com] Sent: 11 April 2000 20:01 To: Cornes David Cc: Holt Ben; Kennedy Patrick Subject: Meeting at Enron on Tuesday << File: Word 6.0 Windows/Mac << << File: Word 6.0 Windows/Mac << << File: Microsoft PowerPoint 97 << Dear Ben, Thank you very much for attending the meeting today. I hope you and your colleagues have found it useful. Following our agreement during the meeting, please, find attached the term sheets for the markets you might be interested in. Other countries term sheets are very similar to the attached one's with only difference in the bankruptcy definitions. As far as Italy is concerned, we inferred from the meeting that you just started the operation there, and are beginning to evaluate and understand the counter-parties there. To jump over this laborious process, we propose to discuss the issue of complete credit desk management outsourcing for this region. I also included another presentation, which goes in more details on some aspects of credit trading. As we agreed at the meeting we will prepare the sample cases for you, as an illustration on the practical usage of the products. We will expect you to provide reference names you would be interested to see in the cases. With best regards Konstantin Malinovski (See attached file: Offline Bankruptcy Swap termsheet (US).doc)(See attached file: UK term sheet.doc)(See attached file: Credit Deriv 3.ppt)
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