Q: 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
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A: Financial Trading in Brazil

Q: We have received the executed Assignment and Assumption Agreement dated April 10, 2000, effective as of November 25, 1997, wherein Tembec Inc. assigned its interest in Contract No. #J7774.1 dated March 23, 1998 to National Bank of Canada. Copies will be distributed.
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A: Trade Assignment-National Bank of Canada/Tembec Inc.

Q: waspish (WOS-pish) adjective 1. Like a wasp, in behavior (stinging) or in form (slender build). 2. Easily annoyed; irascible; petulant. [From wasp, from Middle English waspe, from Old English waesp, from waeps.] "His occasionally waspish sense of humour always derided pomposity and self-regard." Sue Harper, Obituary: Robert Gray: He Unravelled the Links Between Class and Language, The Guardian (London), Apr 26, 2001. This week's theme: animal words. ............................................................................ Why is it that we rejoice at a birth and grieve at a funeral? It is because we are not the person involved. -Mark Twain, author and humorist
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A: A.Word.A.Day--waspish

Q: Hi, Jan! I don't know if you'll get this, but Maman said your email was back in business (my words, not hers!). I asked the kids about going ahead to Brazil with y'all. Michael will do whatever; Kali was a little hesitant. When do you think you'll be coming here and when do you think you'll leave. We'll need to coordinate the travel schedules. We're going to use OnePass miles for at least two tickets, so we'll need to finalize things in early April to get seats. Talk to you soon. Susan P.S.- Happy Birthday early! !
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A:
Summer trip