IN: Great news! As of yesterday afternoon, we have a juice machine installed in the break room. There are 2 juice flavors available: orange and cranberry. Real juice--hooray!

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OUT: FYI: We now have a juice machine

IN: Attached for your review and comments is a revised Confirmation for the EES Weather (snowfall cap option) product. I have also attached a blackline against the last draft distributed, as well as a copy of the last Terms and Conditions distributed (unchanged from prior draft) and the Credit Support Annex (also unchanged from prior draft). Unless informed otherwise, this product is scheduled for release no later than tomorrow so kindly send any comments to my attention ASAP, or let me know if you require additional review time. Please note also that the foregoing is not intended to imply that other procedures and approvals (eg. RAC Approval), if any, required for the introduction of new products by EES' / EWS' policies have been completed. Thanks,

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OUT: Revised Weather Products

IN: 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).

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OUT: Derivatives trading in France

IN: Greg Whalley's four diamond level Astros tickets, plus parking pass, are available for the games listed below. Please advise me, asap, if you have an interest. Many Thanks, Liz Taylor x31935 COL Wednesday, June 20 @ 7:05 p.m. CIN Thursday, June 21 @ 7:05 p.m.

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OUT:
Diamond Level Astros Tickets Available