We are presently contacting Morgan Stanley Dean Witter to facilitate opening of an account for EPHXII to trade ADRs. You will need to provide a resolution authorizing opening of the account as well as an authorized trader list and other contacts. We will provide you with drafts. I am certain that the broker will accept fax signatures and then follow up with originals. For future reference, will this be an isolated instance (i.e., deal specific) or will these accounts become more routine? Just wondering if S. Cone has a formal trading policy or if trading is still deal specific. SS
Q: What is a potential subject line for this email?
answer: Enron Power Holdings XII Ltd. ("EPHXII")
Sara: When ENA enters into an ISDA Master with a Canadian counterparty, is that counterparty expected to make the ESP and Options rep? Does ENA make the Canadian Securities Act rep? Carol
Q: What is a potential subject line for this email?
answer: ESP Reps
Mich, Lavo wants to do following: Draft a cover letter that says "Attached is form of retention agreement which will be good at the conclusion of the auction on Jan 10/11, no matter who the counter party is, providing however that the successful bidder will at least 1. Have a bonus pool of at least 15% of EBIT if NETCO makes it forecasted earnings 2. Is at least AA credit rated 3. Agrees to the other provisions in the draft ASA relative to honoring Enron service and other employee matters. Take the Citibank doc we have been working on and make necessary amendments to remove references to counter party. We may need to give ourselves some wiggle room on how retention and bonus awards may vest. Can we get a draft of above this morning? David
Q: What is a potential subject line for this email?
answer: Retention Agreement
Sara and Marie, Mike Kustra was in to meet Gary for Morgan Stanley today. Mike has been told that the only thing outstanding is the place of jusidiction and Chicago has been agreed to as the compromise. Please let me know if this agrees with your view. Thanks. Sheila
Q: What is a potential subject line for this email?
answer:
Morgan Stanley futures