Enron Mail

From:debbie.brackett@enron.com
To:david.forster@enron.com
Subject:Re: Collateral GTC's
Cc:edmund.cooper@enron.com, justin.boyd@enron.com, mark.taylor@enron.com,dale.neuner@enron.com, mark.dilworth@enron.com, william.bradford@enron.com
Bcc:edmund.cooper@enron.com, justin.boyd@enron.com, mark.taylor@enron.com,dale.neuner@enron.com, mark.dilworth@enron.com, william.bradford@enron.com
Date:Thu, 17 Feb 2000 06:14:00 -0800 (PST)

Perhaps it stems from our offline GTC's which give us some collateral rights
in any sale transaction? I am not aware of any requirement from Credit for a
single GTC for these commodities.





David Forster
02/17/2000 01:59 PM
To: Debbie R Brackett/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin
Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Mark Dilworth/LON/ECT@ECT
Subject: Collateral GTC's

All,

I am aware that early in the EnronOnline process, some GTC's were only
generated for the "With Collateral" category and hence, all companies
transacting in that commodity were subject to the collateral clause.

I am now starting to wonder if this was an oversight, or if there is a reason
why all counterparties should be bound by a collateral clause for the
following GTC's/Products:




I would appreciate any insight which any of you can offer.

Thanks,

Dave