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Enron Mail |
Sounds like you should deny them from Commodity Logic. Please let them
Commodity Logic team know. Bill Jason R Williams@ENRON 01/09/2001 09:10 AM To: William S Bradford/HOU/ECT@ECT cc: Subject: Re: CommodityLogic - Credit Approval Request Bill - Southwest Royalties' credit quality is extremely poor: E-rating of 11, negative equity, very little liquidity and no bank lines available to them. We currently have 5 trades on the books with them (all financial) with a total net position ~$2.6 MM out of the money to Enron. I would normally not move up the payment for this counterparty, but all of our trading with them has been limited to selling them financial puts. As such, Enron will not incur any exposure to Southwest Royalties, and I feel that an earlier pay date can be justified from a credit standpoint. Please let me know if you have any questions. Jay From: William S Bradford @ ECT 01/08/2001 01:00 PM To: Jason R Williams/NA/Enron@ENRON cc: Debbie R Brackett/HOU/ECT@ECT, Douglas Fuehne/NA/Enron@ENRON Subject: CommodityLogic - Credit Approval Request Jay, Please review Southwest Royalties for our comfort with paying them earlier in the billing cycle. Please keep in mind that our payable can be used as an offset against any MTM exposure. Let me know. Thanks, Bill ---------------------- Forwarded by William S Bradford/HOU/ECT on 01/08/2001 12:01 PM --------------------------- Andrea Crump@ENRON 01/08/2001 10:29 AM To: William S Bradford/HOU/ECT@ECT cc: Debbie R Brackett/HOU/ECT@ECT, Deana Fortine/Corp/Enron@ENRON, Douglas Fuehne/NA/Enron@ENRON Subject: CommodityLogic - Credit Approval Request Hello, Please review the attached spreadsheet for credit review. The customer requesting access to the Financial Management Module is Southwest Realities, Inc. (CPID - 2912). Please reply with credit response to complete the application process. Deana Fortine will be sending the credit requests from here on forward. Thank you! Thank you for your help, Andrea Product Control Group - CommodityLogic x54420
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