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Enron Mail |
See below re follow up with Joe Deffner and John Arnold at the request of
Mark Haedicke. Enron North America Corp. Mary Cook 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com ----- Forwarded by Mary Cook/HOU/ECT on 10/10/2000 09:56 AM ----- Mary Cook 09/29/2000 08:26 AM To: Mark E Haedicke/HOU/ECT@ECT cc: Subject: Re: Enron Affiliates Using MG as Broker I have since spoken with John Arnold and Joe Deffner regarding the matter. Per John: He sees some value in utilizing MG in the nature of broker fees reduction; however, his general estimate is only 2MM a year savings. However, he sees the value in the margin credit lines we now have and are continuing to increase. I spoke with him briefly regarding the legal issues which I think he appreciated as significant. Per Joe: He also sees a limited economic advantage in respect of the broker fees. However, he thinks the interest free margin lines provide us with greater value, in part due to increased liquidity and the insulation from funds flow volatility. Joe thinks margin lines should be utilized first and then outside brokers. He sees MG pretty much as any other outside broker. If you have any questions, call. Enron North America Corp. Mary Cook 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com Mark E Haedicke 09/25/2000 01:26 PM To: Mary Cook/HOU/ECT@ECT cc: Subject: Re: Enron Affiliates Using MG as Broker Please call John Arnold and ask him where the traders are coming out on this. Let me know. Mark
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