Enron Mail

From:mark.taylor@enron.com
To:edmund.cooper@enron.com
Subject:EOL Credit Derivatives - Long Descriptions
Cc:
Bcc:
Date:Wed, 1 Mar 2000 11:52:00 -0800 (PST)

Edmund -

I have reviewed the long descriptions I was given for the credit derivatives
(I can't tell if they are current) and have substantial comments - I have
attached what I have come up with (sorry it's in 2 pieces). Basically I
don't think we should be restating something in the Long Description that is
already covered (sometimes with different language) in the GTC - this only
creates an ambiguity and is not necessary to form a complete contract. My
other concern - and I have not been able to draft language to fix it - is
that I can't find any definition of the Seller Payment amount and I don't
think the Buyer Payment language works - can you give me a call so we can
discuss my concerns?