Okay gang, it's time to rally the troops. Evidently last week wasn't good for any of us to get together at our local watering hole (a.k.a Little Woodrow's)...but, I'm hoping the story is a little different this week. Our own Nick Stephan is back in H-town for the week and has made a special request for a full-fledged "Steak Night" (that means good attendance). Not that I ever need an excuse to enjoy good company, steak, beer, etc. at LW's, but if I did I could think of few better reasons than a visiting ex-pat. Besides, given the absolutely beautiful weather we are currently enjoying, the picnic tables and deck are beckoning. I'm going to set a tentative meeting time of 7:30 p.m. this Wednesday...get back to me at your convenience and let me know if we should stick with that time or not. Hope everyone had a relaxing weekend and is having a good Monday (isn't that an oxymoron?). Susan "When I read about the evils of drinking, I gave up reading." - Henny Youngman
Answer: Advance Warning...
RSVP: Yes, I will attend. I will arrive in San Antonio in time for the dinner on Tuesday evening. Count me out for golf on Wednesday - I don't think they would want me to play! Breakout Sessions: SAP Reporting Issues Analyst/Associates Program (I will be glad to participate in any of the sessions, if there are needs to move anyone around) Top 4 Objectives for Accounting Group: Streamline close process (from a Non-Accountant!!) Implement data warehouse for flexible reporting Increase visible participation in Analyst and Associate recruiting and rotations Asssure efficient service from COE (or its replacement), providing timely, creative solutions and an extremely high degree of excellence Dietary/Special Needs: Something chocolate for dessert!! !
Answer: Info for Accounting Offsite
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
Answer: Argentina: public utilities and other regulated entities
I am trying to pull together a QBR for Dave and Mark Frevert. Would Tuesday August 29th from 1:00 pm to 4:00 pm. work for everyone? Thanks,
Answer:
Coal & Emissions QBR