|
|
Enron Mail |
Justin:
The mention of Statoil made me think of Norway. Alliance doesn't sound like a Norwegian entity so it's probably not an issue here, but do you think we should discourage large volume and long term multiple trades with Norwegian entities given our continuing uncertainty over netting there? Mark Justin Boyd 04/08/99 09:27 AM To: ECT London European Trading cc: Subject: Potential Long Term Gas Swaption We are discussing with Alliance Gas Limited (Statoil is their parent) a potential long-term, large volume gas swaption. Brief details are : Enron as option seller Option exercise period: present to December 1999 Term: 5-6 years, starting 2001 Notional monthly volumes: 18,000,000 therms In the meantime, we have been negotiating a fully-termed ISDA Master, including Credit Support Annex, and seem to be close to finalising this. As to the swaption deal itself, we await their Board's response.
|