|
|
Enron Mail |
This looks good to me. Thanks!
Edmund Cooper 03/03/2000 12:55 PM To: Mark Taylor/HOU/ECT@ECT cc: Subject: Re: EOL Credit Derivatives - Long Descriptions Dear Mark, Thanks for your thoughts and mark up. I agree with the points that you make. I've redone the definition which l think now covers the SP and BP amounts. I've run it by Slaughter's and they are happy with it. Let me know if you are and then we can knock it on the head!! Best wishes, Edmund. From: Mark Taylor 03/02/2000 01:52 AM To: Edmund Cooper/LON/ECT@ECT cc: Subject: EOL Credit Derivatives - Long Descriptions 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?
|