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Enron Mail |
David
I will seek this opinion from PWC and will have then respond both to Susan and I. Heidi David Minns 23/05/2000 13:44 To: David Forster@ECT cc: Mark Taylor@ECT, Paul Simons@ECT, Edmund Cooper@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christian Werner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: AUSTRALIAN WEATHER DOCUMENTATION. Dave, attached is our settled form of product description and GTC we have prepared for a HDD Australian weather swap. The GTC has been prepared on the basis that the GTCs will apply even in instances where there is a Master Agreement with the counterparty. Susan/Heidi - I would also like a specific sign off from someone (presumably Price WaterhouseCoopers) that the input tax status of commodity derivatives (as outlined in the Australian Tax Office Consultation Paper on the application of GST to financial services) will extend to weather derivatives. We are preparing similar documentation for the following, HDD swap, HDD Call Option, HDD Put Option, CDD Swap, CDD Call Option and CDD Put Option. Interested in any feedback.
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