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Enron Mail |
Mark,
I have suggested a few changes on the attached, redlined version. Please let me know if you think these are appropriate. Thanks, Dave From: Mark Taylor 02/14/2000 05:42 PM To: Justin Boyd/LON/ECT@ECT cc: David Forster/LON/ECT@ECT Subject: Auction Procedures Unless you object, we have decided to structure the auction site with the "auction procedures" set out on the bid page, immediately above the "submit" button. As soon as the bid is submitted, the system will check to see if the counterparty has already accepted the GTC's or has a master in place. Here is S&C's first draft of the procedures for an auction without a reserve price, with no commitment to sell (or buy) and no disclosure of bids to other parties. It is my impression that this is the way the EnBank auctions will be conducted. Is that correct? Any suggestions/comments? Mark ---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/14/2000 11:39 AM --------------------------- GILBERGD@sullcrom.com on 02/14/2000 08:20:25 AM To: Mark Taylor/HOU/ECT@ECT cc: RAISLERK@sullcrom.com Subject: Auction Procedures Attached is a draft of the Auction Procedures we discussed. Because I don't know how the auction page will be configured, it is likely that conforming changes will be necessary. Also, I have left the references to "Enron" in brackets; I am not sure if a specific entity will be referenced or if all entities will be defined collectively as "Enron". Please call or e-mail with any questions or comments. Best regards. ---------------------------------- This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. - Auction.wpd
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