|
|
Enron Mail |
Bob/Mark,
Did we ever resolve this issue with tax? Last time I spoke with Stephen Douglas (after this memo) there still appeared to be some tax concerns. Please advise as it will have a major impact on how we manage credit risks. ---------------------- Forwarded by William S Bradford/HOU/ECT on 11/17/99 09:18 PM --------------------------- From: Bob Shults 11/10/99 11:45 PM To: William S Bradford/HOU/ECT@ECT cc: Jeff Blumenthal/HOU/ECT@ECT, David Forster, cynthia.m.davis@us.arthurandersen.com Subject: ENA/ECC I've discussed the ENA/ECC with both Mark Taylor and Jeff Blumenthal (tax). The way it should work is like this: ETA now has verbiage which says it is Ok for Canadian or US financial transactions to be done by either ENA or ECC If a counterparty has a master with ENA we will populate this info in both Can and US Financial Product Types. If a counterparty has a master with ECC we will populate this info in both Can and US Financial Product Types Although we do not have this problem, If a counterparty has a master with both ENA and ECC we will populate Can Financial Product types with the ECA master and the US Financial Product Types with the ENA master. I have indicated to Jeff that this should free up the trading on any party that has an ENA master and trades Can Fin Product Types Mark Taylor agrees. Jeff owes me a phone call on this
|