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Enron Mail |
Kathy,
You are obvoisly correct in your e-mail to me. Thanks for the clarification, and apologies for my choice of wording in the e-mail. Regards, BEF Kathy M Moore@ECT 08/23/2000 07:43 AM To: Brian Flaherty/NYC/MGUSA@MGUSA cc: Frank L Davis/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jon Barrett/MGLTD_London/MGLTD@MGLTD@MGUSA, Alfred Pennisi/NYC/MGUSA@MGUSA, TJ Pimpinelli/NYC/MGUSA@MGUSA, Craig Young/LON/ECT@ECT Subject: Re: Enron Online Access & ISDA's - ALCOA Brian, I am sorry if you miss understand what I said but I would like to reiterate that I said IF customer had a master in place, that it would also cover EnronOnline but that would have to be verified by the legal group. That is why I emailed and called both Mark Taylor and Leslie Hansen and had them get involved. I had also explained all this to Tim Reyes with Alcoa. It sounds like Mark has lead you in the right direction for assisting customer. Kathy From: Brian Flaherty@MGUSA on 08/23/2000 06:45 AM EDT To: Frank L Davis/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT cc: Kathy M Moore/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jon Barrett/MGLTD_London/MGLTD@MGLTD, Alfred Pennisi/NYC/MGUSA@MGUSA, TJ Pimpinelli/NYC/MGUSA@MGUSA, Craig Young/LON/ECT@ECT Subject: Enron Online Access & ISDA's - ALCOA To all, One of our customers, ALCOA, has been registered on EOL for the OTC metal products, but is having problems accessing the trading site. The problem stems from two areas: 1) When ALCOA accesses the trading site, the prompt for Enron's terms and conditions comes up with a further prompt to agree or disagree to the conditions. ALCOA's legal team has determined that they should not agree to the conditions because they have an existing ISDA agreement in place with MG Ltd. 2) ALCOA has talked to EOL's help desk (specifically Kathy Moore), who subsequently has determined (I assume with Enron legal) that the current ISDA in place with MG Ltd. is sufficient to begin trading EOL's OTC metal products. In further discussions I had with Mark Taylor today, he basically confirmed that the ISDA that's in place is valid for EOL's OTC metal products, but said that I should confirm with either Edmund Cooper or Justin Boyd in London for final confirmation of the legal questions, and Frank Davis for the EOL access. In addition, Mark alluded to the probability that Enron legal/compliance does not have a listing and/or copies of ISDA's that MG Ltd. has in place with customers. If you'd like, I can help facilitate that. Please advise. Could you confirm for me the following via telephone and/or e-mail: 1) That the current ISDA ALCOA has in place is valid for EOL's OTC metal product trading. 2) That their account can access the site without the term and conditions prompt. Please contact me if you have any further questions or concerns. Regards, BEF Brian Flaherty Vice President MG London Inc. 520 Madison Avenue 28th Floor New York, NY 10022 Tel: 212.715.2344 Fax: 212.715.2360 E-mail: brian.flaherty@mglondon.com
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