postbot/aeslc_kw huggingface dataset:
Subject: ISDA Schedule to Master Agreement and Credit Support Annex

Irene:  Due to the lateness of  discussions at Enron Capital & Trade  Resources Corp., I did not send any documents to you this evening.
However,  I do have two different sets of drafts to send to you in the morning.
I have  an ISDA without an annex (collateral built into the Schedule) and an ISDA  with an annex.
We have had discussions regarding the use of Letters of  Credit and Surety Bonds as acceptable forms of collateral and I may need some  additional time to resolve the issues.
I will contact you early tomorrow to deliver docs and establish a timeline  (if possible).
Thanks.
Sara
Subject: Revised Annex A

This attachment ONLY changes references from "ECT" to "ENA" to match the name  change on the first page of the confirm.
We will revise Canadian Annex A in  a similar fashion.
Subsequent template changes are forthcoming.
Sara
Subject: "Postponement" language to add to confirmations

Please take a look at the proposed language.
You will need to consider the  time period before which a Market Disruption Event will kick in.
:  Postponement:  For the purposes of the definition of "Price Source  Disruption," as set forth in Section 7.4(c)(i) of the Commodity Definitions,    the Maximum Days of Disruption shall be [thirty-two/sixty-four] days after  the last date of publication of World Pulp Monthly,    or any successor publication, published by Resource Information Systems,  Inc. or its successor for the applicable     Calculation Period.
Subject: Paper and pulp group status report

I am still trying to resolve the question of who will advise you on the  consulting and other agreements.
In the meantime, I have attached a form  which you can use to create a report for your group.
This would be quite  helpful to the lawyers in staffing the group more efficiently.
SS
Subject: EnronOnline Market Descriptions

Please review the attached "paper & pulp" doc for accuracy.
I've already  marked the doc for accuracy (as far as I can tell) but I don't know if the  general statements are accurate.
Please coordinate through Tana Jones.
I do  not know who wrote the document, but I presume it was someone in London.
Sara
Subject: Review of Enron North America Corp. ISDA Schedule

I am planning to travel to Argentina and Brazil in the next 10 days.
Will  you be able to provide me with your written comments on the draft ISDA  Schedule by September 10?
Also, will you be in the BA office during the  period from September 13 through 25?
I will schedule a meeting with you as I  finalize plans.
Enron's office will be closed on Monday, September 6.
I look forward to  hearing from you after that date.
Regards.
Sara
Subject: conference call

Thank you for your earlier response.
Enron's offices will be closed on  Monday, September 6 and I understand that your office will be closed on  Tuesday, September 7.
Will you be available for a conference call on  Wednesday, September 8?
I would like to discuss generally the financial  trading issues which I will need to address.
I look forward to hearing from  you.
Regards.
Sara
Subject: BA Deal Report

Susan: (1)  Would you please verify the financial section of the attached report?
(2)  Will you update the "Southern Cone" swap report and circulate as we have  agreed.
Thanks.
If you have questions, holler.
Thanks.
SS
Subject: Susan Flynn

Is someone (or all of us) going to bring Susan up to date?
I would like for  her to coordinate the lunch with the desk on Thursday if that date is  selected.
SS
Subject: general

(1)  I can confirm that the swap group has no financial (or physical) info on  Bolivia.
You may want to check with Alan on the existence of any specific  physical reviews on Bolivia.
(2)  Do you have some time to discuss the omnibus confirm process?
(3)  Have you heard further of Duke?
Subject: Confirmation Desk/Legal luncheon

Thanks for the quick response.
On short notice, Thursday 9/9 did not work.
I have two alternatives:  Friday, 9/10 and Wed., 9/15.
If you could advise  of your availability by the end of today, I can give everyone a firm date.
Thanks.
Sara
Subject: London originated financial transactions: DAPSA and Sempra

London traders are transacting from London in the names of both ECT(Houston)  and ECTRIC(London) with DAPSA and Sempra.
The deal tickets are still being  sent to Houston for confirmation preparation (rather than from London where  the trade is actually consummated).
With respect to Sempra, we were  previously advised that Sempra would not transact directly with ECTRIC absent  a Master but this cannot be accurate because some Sempra deal tickets recite  ECTRIC's name.
This message is FYI if there are no regulatory issues involved.
Houston will certainly document back-to-back internal transactions.
Sara
Subject: Project-Sort 2 Document

I've left a voice mail for Michael Moulton to determine whether he wants to  wait for Dan or proceed with either Teresa or Cynthia (and I left voice mails  for them).
I'll let you know.
Thanks.
Sara
Subject: 2 calls

I'll call you at 3pm BA to discuss omnibus.
Then we'll break and I'll dash  over to meet with both Lynn Aven and Rick Hopkinson at Allen Center and we'll  call you back to discuss tax etc.
SS
Subject: Hotels in BA

Kaye tells me that the hotel that you and Mark recommend is not an Enron  approved hotel.
(I think it's a Sheraton?).
Do you know a nearby hotel which  is approved?
We can chat during our later call.
SS
Subject: Review of Enron ISDA Schedule

I will be in Enron's BA office from September 14 - September 17 (Tuesday -  Friday).
I would like to schedule some time to review the ISDA Schedule  previously sent to you for comment.
Other than the morning and early  afternoon of Sept. 15 (Wed.), I am free to schedule an appointment with you.
If you have comments to the Schedule, please send them to me in Houston.
I  will be in the Houston office until Monday afternoon.
Also, does the Marval firm have an English speaking tax lawyer who could  assist Enron Houston tax on Argentine trading issues?
Please let me know as  soon as possible.
I look forward to hearing from you.
Regards.
Sara
Subject: Trip to Brazil - September 20 - 22

Hello!
I'll be visiting the Sao Paulo office next week to discuss physical  and financial trading issues with Tozzini lawyers.
This time, I'll arrive  on  the weekend and hopefully beat any new hurricanes!
Andrea and I have  confirmed our meeting throughout the day Monday to discuss documentation for  physical power transactions.
I'll be reviewing financial trading issues  during the remaining period.
Thus far, reviews are preliminary in nature.
I'll be flying to Buenos Aires Wednesday evening.
I hope you'll be in the  office so that we can meet.
I look forward to seeing you again.
Sara
Subject: Financial Products Review

Attached is my preliminary description of financial products for trading in  Brazil.
I will speak with Antonio Felix on Thursday.
Please let me know if  you have comments.
Thanks.
Sara
Subject: Financial trading issues in Brazil

I have scheduled a conference call with Antonio Felix on Thursday Sept  16 at  3pm Sao Paulo time.
I am initiating the call.
I will discuss the types of  products which the Enron "family" is primarily interested in analyzing with  respect to legality (in general), taxation, type of entity appropriate for  conducting business and procedure for implementation.
I hope to narrow the  focus of the legal review, identify other issues and will ask that legal fees  be broken out by product.
On Tuesday, Sept 21, I will meet with Antonio  Felix at Enron's offices in Sao Paulo at 9 am.
Everyone is welcome to join  me for both the conference call and meeting in Sao Paulo.
Please let me know  if you would like to participate.
Thanks.
Sara
Subject: Conference call with Antonio Felix de Araujo Cintra on Thursday,  Sept. 16, 1999

This call has been changed to 3 pm (Houston time) which is 5 pm (Sao Paulo  time).
Please let me know if you would like for me to conference you in.
Sara
Subject: Conference call Sept. 16, 1999 [5 pm SP time]

I will initiate the call and I will also conference in Andrea Bertone.
Attached is a short list illustrating the types of financial products about   which our commercial people are inquiring.
My goal is to discuss parameters  for further legal/tax research required to assist Enron in deciding how to  trade these products.
I look forward to our conversation.
Sara
Subject: Argentina and Brazil tax assignments

Have you decided who will be assisting tax-wise for these two countries?
I have a conference call this afternoon at 3 pm (Houston time) with Antonio  Felix de Araujo Cintra from the Tozzini firm regarding further research on  derivative products for trading in Brazil.
Attached is a summary of products  and the various Enron groups seeking answers.
If you would like to  participate in person or by conference, please let me know.
I will be in Sao Paulo from Sept 20-22 and Buenos Aires from Sept 23-24.
In  Brazil, I will be meeting again with Tozzini lawyers.
In BA, I'll be meeting  with Marval lawyers.
Let me know if you would like to participate in any way.
Sara
Subject: List of Omnibus annexes and attachments

As a result of our luncheon with the confirm desk yesterday, could someone  develop a comprehensive list identifying all omnibus attachments?
If you  think any other pertinent information could be included, please feel free to  add it.
Thanks.
Sara
Subject: Conference call with Antonio Felix de Araujo Cintra

The conference call has been rescheduled for Friday, Sept. 17 at 9 am  (Houston) which is 11 am (Sao Paulo).
I will initiate the call.
If anyone  would like to be conferenced in or attend in person, please let me know.
Thanks.
Sara
Subject: trader guidelines

I am forwarding to you guidelines prepared for global products trading.
It's  a good starting point.
I am currently working on guidelines for Argentina  which will address both physical and financial trading.
Other "guidelines"  exist in limited form for the remote offices in Singapore and Australia.
I  am checking on London.
I'm not exactly certain as to what you are looking for.
Obviously the  foreign offices have issues that may not apply in the US (although LA.
is  about as close as you can get to a third world country).
One thing that  doesn't show up in the attachment is the swap eligibility issue.
Let me  know how I can help further.
Sara
Subject: Trader Guidelines

Mark Elliott tells me that you drafted some trader guidelines (physical and  financial) for the London traders.
I am trying to develop similar guidelines  for the Southern Cone regions (first Argentina) and thought your expertise  would be very helpful.
Could you send me a set?
I'm leaving for Sao Paulo  on Saturday but I will be in the office tomorrow.
Thank you for your help.
Regards.
Sara
Subject: Products for Trading in Brazil.

Please review the attached memo to verify that I have identified all of the  products that you are interested in trading in Brazil.
I will be in Sao  Paulo on Monday, September 20, 1999.
Thank you,
Subject: Elektro

I was unable to speak with Andrea but left her a voice mail.
I'll let you  know if I hear from her before your afternoon meeting.
Sara
Subject: Enron Power Holdings XII Ltd. ("EPHXII")

We are presently contacting Morgan Stanley Dean Witter to facilitate opening  of an account for EPHXII to trade ADRs.
You will need to provide a  resolution authorizing opening of the account as well as an authorized trader  list and other contacts.
We will provide you with drafts.
I am certain that  the broker will accept fax signatures and then follow up with originals.
For future reference, will this be an isolated instance (i.e., deal specific)  or will these accounts become more routine?
Just wondering if S. Cone has a  formal trading policy or if trading is still deal specific.
SS
Subject: ISDA

RE the message attached from Brian Swinford, Lynn advises that you are  familiar with CIESA (I am not!).
I don't know anything about a prior  interest rate swap.
By copy of this e-mail I am asking Pat Cini to suggest  how we might proceed.
If you have further information, please let us know.
Thanks.
Sara
Subject: Derivatives trading in France

Mark, you may recall my memo to you in April, 1999 which indicated that for  netting purposes, the conditions included:  1.
The transaction must be governed by a market standard master agreement or  occur on a French regulated market  2.
One of the parties must be (a) an "investment firm" within the meaning of  the law of 2nd of July, 1996, (b) an instituion or firm benefitting from the  provisions of article 25 of the Law or (c) a non-resident entity having a  "comparable status"  The term "investment firm" embodies financial type institutions which recieve  and transmit order for financial instruments for third parties.
There are 12 categories of article 25 firms (including Bank of France,  insurance companies, broker types, etc.)
.For example, one murky designation  includes "persons who supply an investment service which is ancillary to  their professional activity, provided the rules governing such activity do  not prohibt the carrying on of investment services".
Slaughter and May has  advised that they could assist us in determining whether our French  counterparty fit this category and it definitely needs to be discussed with  the counterparty (and extract a rep from them as well).
There are other  categories as well.
I have a copy of the law if you would like to review.
The non-resident entity having "comparable status" is the category WE were  trying for fit into without much success.
Tana tells me that I have given you misinformation.
Perhaps the law has  changed and Justin has a recent update.
ENA has a Soc Gen master, and we have recently sent a Deemed ISDA to a French  corporate (one shot deal only).
Subject: "Sara's changes to the omnibus"

Mark and I met yesterday.
I am NOT making my proposed changes to either  Section 2 or Section 8 of the Omnibus other than adding definitions for   "Option" and "Floor Amount" to Section 8.
This does not interfere with all  of our other general changes to Annex A (which include the comment about  "Total Premium" which should conform to the online version).
So, Annex A is  ready to go!
Sara
Subject: "Sara's changes to the omnibus"

Guess what?
Lotus Notes prompted me that there was more than one "Marie  Heard"!
Could this be true or do I have a virus?
SS
Subject: Deseret Generation & Transmission Co-Operative.

I'm trying to revise Annex A.  Mike Etringer (in Portland) would like for  this to go out today.
I'm leaving at 4 pm.
Thanks.
SS
Subject: Brokerage Account for EES affiliate

Hello there!
Hope all is well.
Will you be at the legal conference later  this month?
Would you please provide us with information identifying the specific entity  requiring the brokerage account and a brief description of the transaction  for which the account is required.
Also, for purposes of your unanimous  consent or resolution,  you should note that either of Ted Murphy or Rick Buy  should be one of the two signatories required for opening the account.
Let  me know if you have any questions.
Sara
Subject: Financial Trading in Brazil

Regards from Houston!
I hope you are well and busy.
I just wanted to follow up on our very productive meeting of September 21,  1999.
Enron North America  and Enron South America  are still quite anxious  to continue our analysis of the various components of financial trading.
I  believe that you were going to prepare some type of matrix to help identify  the various legal issues and practical aspects associated with financially  transacting in Brazil.
We would then add tax and regulatory analyses to the  possibilities.
If my memory serves me correctly, we had identified  transactions by the Enron entity ("ENE") as follows:  1.  cross-border swaps  (a)  ENE offshore FINANCIAL INSTITUTION and Brazilian entity  (b)  ENE offshore (not financial institution) through CC-5 Account with  authorized Brazilian bank and Brazilian entity   NOTE:  enforceability issues with 1(b)  2.  local swaps  (a)  ENE onshore entity and Brazilian FINANCIAL INSTITUTION (or ENE onshore  FINANCIAL INSTITUTION and Brazilian resident)  (b)  ENE onshore entity and Brazilian entity (not financial institution)  registered with the BM&F or CETIP through intermediary   NOTE:  compliance with existing regulations as to specific reference  products is required as to 2(a) and 2(b)  3.
"pure" OTC swaps  (a)  ENE onshore entity and Brazilian onshore entity  (b)  ENE offshore entity and Brazilian offshore entity   NOTE:  3(a) presents enforceability issues under Brazilian law and 3(b)  presents no issues whatsoever  We look forward to your response as soon as possible and would also like to  know when we may hear from you.
In connection with your response, please  note that we are interested in the recent changes to the laws for acquiring  banks (bankrupt or otherwise).
Regards to Marcelo and Jose Emilio.
Sara
Subject: Financial Trading - FRANCE

Hi there!
A quick refresher course for me with respect to French derivatives  trading (not a bank).
In transacting with a French corporate, should we  request articles and bylaws for capacity and ALSO a due authorization  opinion?
I think that this is correct.
However, if we are transacting with  an "S.A.", we should NOT request articles and bylaws but only the due  authorization opinion.
My notes on these items are confusing.
Could you  please respond in the morning?
Thanks.
Sara  p.s.
We are currently operating under the "one Transaction rule" with French  non-bank entities in order to avoid the netting problem.
Subject: utility requests

(1)  Susan sent PSE&G a sample ISDA on 5/5/99     (2)  I spoke with attorney on 5/13/99 and am awaiting further credit info  from the CP before turning around a draft.
By copy of this e-mail, I am asking Susan to follow up and report back to  you.
Sara
Subject: Spark Spread Confirmation

I am forwarding to you several e-mails received today regarding this  transaction.
We are going to send out another draft confirmation for this  commodity spread swaption.
Sara
Subject: Catalytica spark spread

Lucy Ortiz on the confirmation desk is awaiting your response re: my e-mail  of 10/11/99.
Please let us know when you have determined the appropriate  counterparty.
If you have any questions, please call.
Thanks.
Sara
Subject: ISDA question

How would you like to handle?
We could do a Deemed ISDA if you feel  comfortable that the counterparty will sign the ISDA.
How long is the deal?
SS
Subject: Argentina: public utilities and other regulated entities

Hope you are well!
I had a wonderful vacation in L.A.
I never made it to  either the Norton Simon or the Getty; I'll just have to plan another trip to  the west coast.
In connection with your recent review of our standard ISDA Schedule, Credit  Support Annex and legal opinion (the "Documents"), could you please advise as  the whether additional provisions are required or advisable in any of the  Documents when our counterparty is an Argentine public utility, municipality  or other type of regulated entity.
In the U.S., we use the ISDA  Multicurrency - Cross Border boilerplate and incorporate most of the ISDA  municipal language and some of our own into the Schedule for municipals and  governmental entities.
However, for public utilities which are general  corporates (and not governmentally owned), we take a different approach and  incorporate language which might trigger an "Additional Termination Event"  for "regulatory type developments" (e.g., orders issued by a public utility  commission) which would cause or might cause our master agreement to become  void or unenforceable or similar swap agreements to become void or  unenforceable.
For example:  "The filing of a motion, pleading, application or other similar action in any  proceeding or action by Party B, a commission, regulatory agency or other  entity having jurisdiction over Party B, in respect of Party B, or in respect  of any other similarly situated entity organized under the laws of the  state(s) in which Party B is located or regulated, to the effect that  performance under this Agreement or one or more Transactions hereunder or  similar agreements is unlawful or that this Agreement or one or more  Transactions hereunder or similar agreements are void or voidable."
By fax, I will send you our Municipal Schedule.
Please advise as to changes in both the (i) Schedule and (ii) legal opinion  for both (a) public utilities (corporates, non-governmental) and governmental  entities (municipals, public agencies, governmental utilities, etc.).
Please  call if you have any questions.
Regards.
Sara
Subject: weekly meetings

Would you please schedule for me the following weekly meetings:  1.
Fridays 9am Houston - Brazil trading meeting (conference call)  2.
Tuesdays 10am Sao Paulo time - ESA Legal Management Committee Meeting  (currently 7am Houston time but changes with Brazil daylight savings)  see separate e-mail for call in number
Subject: Derivatives Questionnaire - South Africa

I am about to engage the Johannesburg firm of Webber Wentzel Bowens to  proceed with a response to ENA's questionnaire.
ISDA has used this firm.
Has ECTRIC done any previous studies in South Africa?
Please let me hear  from you today, if possible.
Thanks and regards.
Sara
Subject: Catalytica

Yes, I've received messages but have not heard from the right person.
However, I want to clean up the transaction itself.
Why is it a swaption?
ss
Subject: SMUD

I see that you completed an ISDA comparison in late September.
What has  happened with it?
SMUD is calling.
Can you advise Stuart Rosman ASAP?
SS
Subject: ESA Legal Management Committee Meeting - FYI

I am sitting in on this conference call as I write this message.
Brent just  mentioned that you were preparing an analysis addressing "trading locations"  to present to Don.
Randy is interested in seeing your written response.
Do  you need anything from me?
Also, I heard from AFAC by e-mail yesterday and he said that Marcelo was  working on a memo (which I was to receive yesterday!).
We may need Randy to  intercede and keep the lawyers working on ALL projects.
Apparently AFAC  handles all Central Bank issues for Tozzini and Cuiaba has these issues now.
ss
Subject: Financial Trading in Brazil

AFAC - Thank you for your response.
It is difficult for me when I do not  hear from you since I am not in Sao Paulo but I understand that you were  engaged in other Enron matters.
I am looking forward to your response since  the trading issues are not going away (the issues seem to only multiply).
Once "the Enron group" has had an opportunity to review, we would like to  schedule another meeting with you and Marcelo in Sao Paulo.
I look forward  to receiving the memo and chart.
Thank you and regards.
Sara
Subject: Brokerage Account

Sorry to have to respond via e-mail but I've got laryngitis (although I  should be in most of the day today).
The actual opening of the agreement is simple because we have a good broker  relationship and the agreement is acceptable to us.
BUT, the broker WILL NOT  open the agreement until we can submit the underlying authority which  includes:  authorizing resolutions (or unanimous consent) from the account party trading authorization number of signatures for transacting  Marie previously sent "samples" of the the underlying documentation to Robert  George.
We have not received anything to date.
When we receive the information, we can fax EVERYTHING to the broker and the  account can be opened immediately and then followed up by original hard  copies.
Let me know if you have any further questions.
Sara
Subject: Clark - Mobile , etc.

So  you were able to put Janet in her place!
If you have questions, please  come in  my office.
I can write and shake my head "yes" or "no"!
Sara
Subject: Have fun!

Sorry I can't wish you well in person but I have a severe case of  laryngitis!.
Fortunately, I'm on antibiotics but the doctor said "Don't speak  for 3 days.
I wish my wife would get laryngitis."
Maybe the desert air in  Arizona would bring relief.
I love saguros (is that right?)
Daddy thought  planning for Chanukah was a great idea.
Also, tell Daddy that if he used  e-mail I could talk to him even when I have laryngitis.
Love, Sas