postbot/aeslc_kw huggingface dataset:
Subject: MTM Mexico


Jaime:  As I told you before, Sara Shackleton is the lawyer of the Estate in charge of all financial trading matters.
I prepared a memo to her that included the MTM you gave me and also the status of the contract with each counterparty.
One question Sara had was about the date of the MTM valuation you sent me.
I know it is a bit old but cannot recall the exact date.
Could you please let Sara know the date and who exactly prepared the valuation (I am talking about the MTM you sent me).
Also, please let Sara know all your contact info.
Sara, Steve Irvin is also helping on Mexican matters.
Steve, is located in Houston and he works with Don Miller
Subject: NYMEX Seats


Artie McCoy, VP Financial Surveillance with the NYMEX, 212/299-2928, is awaiting our decision as to whether it is our intention to withdraw from trading on the NYMEX.
Sara, as you may recall, I passed his name on to you about 10 days ago, before UBS surprised us when they walked in and said they were now rethinking wanting the seats again.
So I called Artie back at that time and said the situation was evolving, and once we knew what UBS wanted to do we would let him know.
That's where we left it.
Subject: new deals


Sara,  Here is a list of new deals since December 03, 2001.
There are several deals listed as "pending bankruptcy," but were put there by our group due to the bankruptcy itself.
These deals do not have any generated confirmations, but can be done very quickly if you would like.
Please let me know what you would like me to do.
Thanks,
Subject: Garden State Paper


Carlos Ruiz is asking for the value of the ENA/Garden State Paper (GSP) swap to be included as a creditor in the GSP bankruptcy.
GSP is a bankrupt affiliate and the purpose of the valuation is not to settle but merely to show the claim that ENA has against GSP.
Can I provide him a MTM on the position?
The internal attorney involved is Cheryl Lindeman.
Thanks
Subject: Collateral Issues


Debbie and Tanya: I thought it might be helpful to summarize how certain of the collateral provisions in our trading agreements are impacted by the filing of bankruptcy:  1.
ISDA Credit Support Annex - Paragraph 4 provides that our counterparties do not have to post or release collateral to us if either an Event of Default, Potential Event of Default or Specified Condition has occurred or if an Early Termination Date has been designated for which an unsatisfied payment obligation exists.
In addition, as you are aware, we can no longer hold cash or LC's, and as we discussed, since this language technically applies to LC's as well, it might be worth it to appoint a QI to hold our LC's for us.
2.
Industrial Master - same as above except that the limitation on holding collateral only applies to cash.
3.
Annex B - the Event of Default/Early Termination Date conditions only apply to requests to reduce collateral, not to a demand to post collateral.
There is no QI requirement for holding collateral.
4.
EEI Master (without new collateral annex attached)- no conditions precedent in the EEI to posting or releasing collateral.
There is no QI requirement for holding collateral.
The new collateral annex works like the ISDA Credit Support Annex except  that the limitation on holding collateral only applies to cash   5.
Enfolio Master Purchase and Sale Agreement -  no conditions precedent in the Enfolio to posting or releasing collateral.
There is no QI requirement for holding collateral.
Subject: Termination Letters


When: Friday, March 08, 2002 1:30 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: 3801  *~*~*~*~*~*~*~*~*~*  To discuss CPs getting termination letters: Johns Manville, Kerr-McGee, Virginia Power, Whirlpool.
To discuss other CPs which raised issues: Stone, Select, etc.
Subject: Default Interest Rate


WRT the contract that has "cost of funds" (CoF) plus x for the default interest rate, I am struggling to get a number.
Someone in Deffner's group said he didn't know our CoF but that it will be a ridiculously high number.
I spoke to someone in Corp and he suggested that the contract might address an interest rate in the event of bankruptcy.
What do you think?
Subject: Alabama Gas Corporation


Sara,  As I find these, should I ask you or Susan Bailey?
I spoke with Alabama Gas Corp and their council today.
They said that any agreements were terminated as of 12/04/01.
Do you concur?
If you do, I will take them off of our list.
Mike Bridges
Subject: (NMS-26) NOTICE OF INTENTION TO SWITCH QUALIFYING CLEARING MEMBER


March 19, 2002 Notice No.
NMS-26   NOTICE OF INTENTION TO SWITCH QUALIFYING CLEARING MEMBER    	Please be advised that effective with the open of business, March 20, 2002, Man International, Inc. will no longer guarantee the following Member(s):   Stanley Meierfeld (STAN-675) Matthew Aldaresi (RESI-3336) Alfred Mascia (FM-743) Elliot Warren (WREN-6074) John McKinley (JMAK-4899) Gregory Printon (PRTN-4692) Anthony Ribeiro (RIB-7323)  However, the above mentioned will remain a member(s) guaranteed by F.C.
Stone, LLC.
Members and Member Firms have ten (10) days from the date of this notice to advise the Membership Department of any claims against the aforementioned Member(s).
Inquiries regarding this matter should be directed to the Membership Department at <dlowe@nymex.com>.
Subject: Navajo Refining Company


I spoke w/ Johnny Nor at Navajo today.
I told him that ENA could not wait any longer for Navajo's decision.
They have until 4PM Houston time TODAY, 3/20/02 to get a termination to ENA (via Stephanie Panus' fax: 713-646-4818).
He understands that if they do not terminate today ENA will terminate Navajo TODAY.
He gave me his fax number, 505-748-6742 (note that this is different from the fax number used for the demand letter).
Susan: Notes for the DDL.
Stephanie: Please watch the fax for a document from Navajo.
Sara: Based on the conversation w/ Nor I think we should be prepared to send a termination.
(Don't think Navajo will terminate.)
Call if you have questions.
Subject: Enterprise Products Operating L.P.


Stephanie: This CP's ISDA was terminated effective 3/18/02.
Please have an attorney confirm that this is an effective termination and update the Master Letter Log.
Please "reply all."
Angelo: Pending resolution, please move this CP to the appropriate ARREDLIST tab.
Thanks
Subject: Enron Credit Inc. Deutsche Bank Credit Derivative Transaction


Bryan,  Deuthsche Bank served a credit notice to ECT Investments Inc. for the "triplets" trade.
This trade is not ECT Investments Inc.'s.
All the Credit business was transferred to Enron North America on November 2000 and the Credit book was transferred to Enron Credit Inc. in February 2001.
This trade should not be in ECT Investments Inc.'s name and should have been transferred by Enron Credit.
I would expect Enron Credit Inc. to settle the financial liablility of this trade and not leave it as an obligation to ECT Investments, Inc.  My understanding is that the obligation is around $800,000.
Please advise.
Regards,
Subject: Credit Contact


Please be advised that Jay Williams will be our credit contact for all master netting agreement credit terms.
Jay will also provide us with all counterparty names and maintain the list of agreements.
Jay's phone number is (713) 345-3923 and, for e-mail purposes, he is listed as Williams, Jason R. (Credit).
Subject: Thanks so much for dinner in BA.


Lynn and I arrived safely in Houston and the weather seems much like  Argentina last week.
That steak dinner was delicious and it will take me  awhile to return to Pappa's or The Palm.
Thanks again.
Sara
Subject: Project Ghost/Project MacArthur


Susan:  The two above-mentioned projects are in the process of being  unwound.
The only confirm and the Master Swap Agreement for each are being  TERMINATED.
Will you please continue to follow up with Brenda Funk (in the  capital mgmt.
group with Scott Sefton and Gareth Bahlman) to get copies of  the "Swap Termination Agreement" for each and then enter the info into Lotus  Notes.
Thanks.
Sara
Subject: Happy Passover


Hey, Sam:  Great to hear from you and I'm thrilled that your golf game is as  good as ever.
Have you been playing in Palm Springs or Amelia Island or  The  Boulders?
I was in Phoenix last year and thought it was wonderful except for  the fact that people age faster.
I didn't go to Baton Rouge for Passover  since the seders were in the middle of the week.
But I know that my sister  ordered everything from the Second Avenue Deli in N.Y. and various other  Manhattan establishments.
My niece has been accepted at that high school in  Natchitoches for smart kids and Deb is really happy (and sad).
Jennifer is  only 15.
My nephew is tall, handsome and driving Steve crazy.
My parents  are fine and my Dad is going to have a knee-cap replacement sometime soon.
He'll be 83 in June.
I've decided on in-house training for my dogs and the  trainer thinks that CHLOE needs the most "help" since that sweet little  bichon may try to bite strangers (and maybe friends!)
in my home.
Otherwise,  I'm rocking along.
You know, I never called Helen but I still have her  number and I'll do it this week.
Hope all is well.
Do you keep up with  Ron?
Love, Sara
Subject: ISDA comparisons


Neither Susan has any comparisons.
Flynn eagerly volunteered amendments  she's got lying around.
I'm indifferent although I wonder if Flynn is simply  trying to use the system.
Subject: Goldman, Sachs & Co.


Susan:  Attached are the electronic agreements for ENA trading with Goldman.
Not much to do here because we'll need only  a signature (get Gary Hickerson  to sign).
I have two changes to the Client Access Agreement which I will  give you to add.
We do not need certificates or our typical authorized  trader list to send back.
However, we will have to authorize password  applicants on Goldman's form.
How does EOL keep track of this?
We will have  to track because Harry Arora will be the password applicant (there may be  more) and I think he's still ENA.
I know that we will want to receive the  password very soon.
Thanks.
Sara
Subject: Tuscon Electric Power Company


Kim:  Thanks for your call.
Legal received credit for Tuscon on 5/1/00 from  Ed Sacks.
Susan Flynn is preparing the ISDA agreement to send to the  counterparty.
Let me know if you have any other questions.
Sara  Susan:  Please let Kim know when the draft will be sent.
Thanks.
Sara
Subject: Goldman, Sachs & Co. agreement with ENA


Ted:  Later this morning, we will be sending the Goldman electronic agreement  for execution.
Harry Arora will be the only "trader" authorized to receive a  password for ENA.
We will ask Harry to advise us when he is finished and can  then terminate (if we wish) once Harry has reviewed the website for Enron  Networks.
Thanks.
Sara
Subject: Singapore Trading


Anita:  It was great hearing from you and it sounds as though you have lots  going on!
I am trying to refresh myself on the type of trading activity which is  currently taking place in Singapore (physical vs. financial, types of  commodities) and the confirmation procedures (what is confirmed in Singapore  vs. what is confirmed in London).
Is there a written set of procedures that  I can see?
Should I be asking this question of Paul Simons?
anyone else?
Please send me an e-mail.
These issues are arising because of my involvement  in working with the Brazilian office.
Thanks.
Looking forward to speaking  to you soon.
Sara
Subject: Vitol SA


We recently did about 20 weather trades with Vitol and I "confirmed" these  under the 1995 energy price swap master (bad for weather) but incorporated  ISDA definitions.
I think we should work toward replacing this master with  an ISDA to eliminate the problem.
We did the same with Aquila which solved  the weather problem (and I realize the Aquila is a bigger trading partner  than Vitol).
Can someone generate credit?
Thanks.
Sara
Subject: Lotus Notes (brokerage/repo/futures agreement) access


Sheila:  We are still working with our developer to open up access to Gary's  group (read-only).
Should I include all of the names on your February 2000  org chart?
Delete some?
Add some?
Thanks.
Sara
Subject: weather "off-line" trading


Carol:  I've been meeting with Jarrod about confirm templates.
Prior to the  departures of Shari, Lynda, et al, there was a move afoot to create an annex  of weather definitions which could be incorporated by reference into the  confirms (or added to the Schedule), either of which approaches would shorten  the confirms considerably.
Jarrod advises that the EOL T&C's for the  varioius weather products contain the basic information which can be drafted  in the annex.
Jarrod will send us the EOL T&C's.
I think it's a great idea.
Jarrod will also send the existing  weather templates (which may be slightly  different from those Shari gave us earlier).
We should verify that the  weather rep appears in the weather option templates (since we have agreed to  remove that rep from the Schedule).
Also, shouldn't we verify that all  weather trades are executed under NY law (they probably are anyway) since we  now have the opinion from the NY Office of General Counsel?
Sara
Subject: NYISO


Shari:  When you get back after vacation and have caught up, give me a call  to chat about the NYISO pricing.
Elizabeth suggested that we coordinate our  efforts to capture extreme pricing revisions and negative pricing issues.
Our power confirms currently include a modified version of Section 7.3 (of  the 1993 ISDA Commodity Derivatives Definitions) in our omnibus confirms for  price changes.
I am still tracking third party paper.
Thanks.
Sara
Subject: PATS-2000


Gareth:  My comments are generally directed toward the Schedule to the ISDA  Master Agreement between the Trust and UBS.
Please note that UBS is aware of  the 12/9/97 master executed between Swiss Bank Corporation and ENA (as it was  attached to the original fax).
The confirms are pretty straightforward.
(1)  Is the Trust an eligible swap participant?
(2)  The Schedule is missing some "standard" Enron type provisions (which  were in the Swiss Bank master).
These include:  limitation of liability  confidentiality  setoff    isn't the Trust an Enron affiliate?
this could impact our approach.
(3)  Enron does not agree to the ISDA standard jurisdiction language (which  is non-exclusive jurisdiction of the courts of NY state and the federal court  in Manhattan; waiver of all objections).
Enron's preference is arbitration.
With GC consent, we agree to other provisions (e.g., specifice courts, waiver  of jury trial, so specific court and no waiver of objections, etc.).
In the  Swiss Bank master, we agreed to NY law, neither party waived any objections  to venue/forum, and parties could sue anywhere.
(4)  Is this master to be limited to this transaction only?
If the Trust  intends to use this agreement for future currency, rate, or other  transactions, we need to consider the impact of caving on our usual terms.
What eventually happens to the Trust?
Also, Rod Nelson in credit is currently reviewing Enron exposure to UBS.
Call if you need anything else.
Sara
Subject: ENA vs. Enron Corp. as swap counterparty


All:  I spoke with Bill Bradford to get the global credit perspective, and,  he is entirely neutral.
However, he agreed that it made sense for Enron  Corp. to transact on its own stock.
I am prepared to draft new ISDA Master Agreements with our remaining  potential targets in the name of "Enron Corp." without Credit Support  Annexes.
Upon execution, the parties generally exchange evidence of  authority (i.e., resolution or excerpt thereof).
The outstanding confirms are in the name of Enron Corp.
These are "Deemed  ISDA's" and no party has asked for evidence of authority (although the  parties do represent that they have such authority).
Please let me hear from you if someone objects to the use of Enron Corp.
Thanks.
Sara
Subject: meeting with Bob Baird


Clint:  after the meeting, Jim advised me that the ENE board resolution will  be drafted for the Oct. meeting.
In the interim, he is convinced that only  Enron Corp. should be a swap party to these equity swaps, forwards, etc.
I  am going to speak with Rod Nelson (credit) and make some changes to our  approach.
This should also make life easier negotiating with Lehman and Bear  (from a credit perspecttive) but we'll reach an obvious stalemate when they  ask for an Enron Corp. resolution (forthcoming after the relevant board  meeting.
Sara
Subject: Assignment and Novation of J.Aron currency swap


Tina:  Per my voice mail, please provide me with a copy of the confirm of the  referenced transaction booked by J. Aron in the name of ENA rather than Enron  Corp., expiring 12/08/00, settling 12/11/00 (collar, Strike 1.55).
Who is  monitoring?
ENA (and Enron Corp.) are being asked to execute this novation.
Thanks.
Sara
Subject: CMPC


Brent and Ed:  I'd like to take this opportunity to introduce you both to  each other (if you haven't already met!).
Ed:  Brent is handling Latin  America.
Brent:  Ed is part of our pulp & paper commercial group.
Can you  please respond to his inquiry?
Thanks.
Sara
Subject: Yosemite III


I am receiving calls from Gina Karathanos in Global Finance about this deal.
She's inquiring about preparation of certificates, authorizations and  signers.
Susan, please coordinate with Mary on that end (I presume we follow  the same format as Carol).
As far as I know, closing is scheduled for Aug.  24.
Apparently, lots of ENE officers will be out of town next week.
Do we  know who will sign for ENA?
Thanks.
SS
Subject: Power confirmations


Please remember that MELISSA MURPHY (X31886) handles ALL financial power  confirmations.
Any financial power confirm questions should be directed to  Melissa.
Joe Hunter's group does NOT prepare financial power confirms except  in extrememly limited cases (i.e., NYMEX based trades).
If you have any  questions, please call.
Thanks.
Sara
Subject: Brokerage and other trading agreements (electronic or otherwise)


Brent:  Just a reminder, we track all trading agreements in our Lotus Notes  database (you can enter negotiating issues, etc.).
Samantha oversees this  part of the database, updates Ted Murphy and has the agreements executed and  filed.
All trading agreements are signed by Ted and the business unit VP.
Please keep Samanthat in the loop.
Thanks.
Sara
Subject: forward with Enron Corp.


Peter:  I know that Gary Rosenblum is out of town until after Labor Day.
Gary's voice mail directs callers to a gentleman with the last name of  "McFarber" at Ext.
6128..
I left a voice mail for him this morning and have  not heard back.
Is there a lawyer to whom I can direct questions about your  form of equity forward?
Thanks very much.
Sara (713/853-5620)
Subject: equity forwards on ENE stock


Bill:  Thanks for your message.
Here's the information you requested:  (1)  Merrill Lynch:  1 year deal effective 8/4/00; 1,388,110 shares at  $79.125 initial price  (2)  CSFB International:  1 year deal effective 5/11/00; 1,761,200 shares at  $76.125 initial price  Jeff Nogid is familiar with these transactions.
Sara
Subject: latest draft of EBS swap, notice and memo


Attached are the latest drafts.
There have been some changes to the swap and  a new blackline will be circulated in the a.m.
These docs relate to the EBS  deal.
Sara
Subject: RAPTOR redraft based upon Kirkland & Ellis comments


Attached are clean and redline versions of the latest markup.
THIS REDRAFT  IS BASED UPON COMMENTS RECEIVED TODAY FROM MARTHA PHILLIPS STUART WITH  KIRKLAND & ELLIS.
Ms. Stuart has received but has not reviewed the  redraft.
We expect to speak with her tomorrow.
Julia Chin is the "point  person" for contacting Ms. Stuart.
Thanks.
Sara
Subject: Credit Derivatives - DEUTSCHE BANK


ECT Investments, Inc. ("ECTI") entered into a 5-YEAR credit derivative with  Deutsche Bank ("DB") effective 7/19/00 with a Scheduled Termination Date of  7/19/05 (Loews Corporation is the reference credit).
DB is requiring an  Enron Corp. guaranty.
There is no mention of guaranty terms.
[NOTE THAT IN  A SIMILAR DEAL 3/13/00 BASED UPON THE REPUBLIC OF INDONESIA  BETWEEN THE  PARTIES, NO GUARANTY WAS REQUESTED].
Should  ECTI post the guaranty?
Do we want a Master ISDA?
Please let me know.
Thanks.
Sara
Subject: Letter of Credit Provisions


Tana:  attached are the L/C provisions for the Deutsche Bank Master.
Would  you please verify that the provisions are in fact our language?
Thanks.
Sara
Subject: Frost Securities (Deutsche Banc Alex Brown)


Sheila:  This party has rejected absolutely all of our comments.
We were  only told of this the other day when we called to inquire.
Can you contact  someone on the commercial side for help?
Sara
Subject: Citibank/Garden State Paper Q3 transaction


All:  I met with Rodney Malcolm and Finley Biggerstaff about the two 7-year  paper swaps between each of Garden State/CITI and ENA/CITI.
Who will be  handling credit for the new master and the transactions in general?
I am  told that this is a Q3 deal.
Thanks.
Sara  Molly:  I left you a vm about prior efforts to amend the ENA/CITI master.
Weren't ;you speaking wth someone at Citibank?
Subject: ISDA negotiations with Morgan Stanley Capital Services Inc.


Matthew:  We have had some internal discussions regarding the appropriate  Enron party to this master and have concluded that Enron Corp. (the parent of  Enron North America Corp.) should be your counterparty.
Does this change  warrent any changes with respect to your comments?
Sara
Subject: Municipalities Memo


Bill:  The attached memo was distributed to legal last week.
We have had a  number of questions arise on the power side lately regarding financial  transactions (ranging from short term to quarterly) with governmentals.
As  you will see in the memo, the risks are significant.
Please let me know if  you have any questions.
Sara
Subject: Biomass Transaction


This is actually the PacificCorp master which should be redrafted on our new  form.
There is a RUSH on this and Dale Rasmussen would like to have the  master (I would check with him first to see if this should go to anyone  else).
SS
Subject: Canadian trip


Do you have further information about your pending trip to Canada?
I am  reviewing the final letter prepared by Kevin Zemp and he is trying to  coordinate with Calgary authorities.
I may be out of town during the week of  Aug. 16 and I want your trip to run smoothly.
Give me a call sometime.
Thanks.
Sara
Subject: Raptor 2 hedge


Attached is a revision to the original swap confirmation.
I have tried to  incorporate all of the concepts discussed yesterday.
Please send comments or  call (X35620).
I will be out of town after noon on Thursday for an offsite.
Sara
Subject: Deutsche Bank AG guaranty


Clem:  I gave y;our phone number to Steven Kessler who is the lawyer for  Deutsche Bank ("DB") (in New York).
You may recall that you and I spoke  earlier about DB's insistence of NO WAITING period to call upon the guarantor  (we reduced to two days).
Please call Steve  (212-469-8202) unless he calls  you first.
Thanks.
Sara
Subject: draft of notice


Mary:  Attached is an early draft of notice which I had prepared for the  AVICI swap.
I thnk we may changed the Termination provision of the confirm  shortly after this was drafted.
Hope this helps.
Sara
Subject: Review of ECT's "omnibus" form of confirmation


Attached is our form of confirm with attached Annex A (general terms and  conditions).
Assume the confirm is governed by Texas law.
Most  counterparties sign the confirm and fax it back to us WITHOUT the attached  Annex A.
Is this sufficient under Texas law as having received the  "executed" confirmation?
Do we need to modify our language incorporating the  Annex A?
Thanks.
Sara (713/853-5620)
Subject: fax number


Peter:  I didn't have your fax number to send you a copy of the term sheet  (it's your term sheet of August 7, 2000).
I have faxed already to Leslie and  Gary.
I will fax to you if you would please send me your email address.
Thanks.
Sara
Subject: Form of ISDA confirmation


Attached is a template for an ISDA swap.
I will fax a copy of a "real"  financial power Transaction (which is routine as opposed to a structured  deal!).
Call if you have any questions.
SS