Problem: BODY: I've gone back through the ISDA Credit Support Annex and the "green book" and my conclusion is that unless we modify the standard form, we have to give an Independent Amount back to the counterparty when we go out of the money far enough (note that the definition of Exposure results in a negative number when we are out of the money reducing the Credit Support Amount below the Independent Amount). The theory there is that as the market moves against us, we are cushioned by our "out-of-the-moneyness" and will be able to ask for support as the market moves back in our favor before we are actually in the money. I'm afraid that Credit has been operating under the assumption that we get to keep Independent Amounts until the Transaction terminates. We need to set up a system with Credit so we all know what is meant on the credit work sheets -- i.e. whether a cushion or up-front amount should be
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A: SUBJECT: Independent Amounts

Problem: BODY: Great Expectations Forbes - 10/16/2000 BY Lynn Cook Copyright 2000 Forbes Inc. ENRON INVESTMENT PARTNERS' BIGGEST GAMBLE TO DATE HAS BEEN THE $4 MILLION IT pumped into Cynet. The software outfit relies on a wireless modem that plugs in to a laptop or PC and lets you e-mail, fax, and use voice-and data-messaging. That may not sound like much. But imagine e-mailing thousands of people at once--or sending a document and following with a prerecorded
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A: SUBJECT: Stock opportunity?

Problem: BODY: The events of September 11th are still very much with us and will continue to be for some time, perhaps for as long as we live. For those who have not heard me say this regarding air travel,individuals should avail themselves of the travel services the company is offering in the way of guidance for those that are traveling and only travel by air for essential matters( until further notice). In addition, anyone who is currently uncomfortable with the notion of air travel need not do so...we will work around this for as long as the need exists. The company has also provided information on the availability of counseling services should anyone have the need- please contact HR or the Benefits Group for further information. A final couple of notes: If there is a silver lining in the events of September 11th, it is the kindness, generosity, and humanity it brings out in the rest of us...I have seen this play out in untold ways in our "group",both in London and at home, over the last nine days , including( to a person) the absence of any hint of bias being shown towards the individual in our group who is an "Arab American" and a Muslim, Amr Ibrahim. My high regard and respect for the Government Affairs group and for each individual has been validated many times over during the past nine days. Thank you very much.--- Rick Shapiro
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A:
SUBJECT: The aftermath of September 11th -- Enron Government Affairs