This is the content of an email: All: PLEASE NOTE THE FOLLOWING BASED UPON MY UNDERSTANDING OF THE PARTIES TO THIS PREPAY (1) The Toronto Dominion (Texas) master agreement with ECT is a restricted master. It was negotiated for a prepay several years ago and is not necessarily market (or ENA) standard. It should be reviewed immediately by legal and credit. (2) The Morgan Stanley Capital Group master agreement is very old. IT IS NOT AN ISDA . It is a 1992 Master Energy Price Swap Agreement (limited to simple transactions and commodities). The terminology is not even ISDA terminology. This master has been on the credit/legal radar screen for upgrading to an ISDA. Rod: You need to take a look at the Toronto Dominion (Texas) master agreement now and we should discuss. Treasa: Will there be a rate swap? Under which master(s)?
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Prepay