We received from NBC a notice of default dated Thursday Nov. 22. The letter makes reference to our failure to deliver margin, and states that in accordance with the ISDA, our Threshold is now zero due to the potential event of default. I believe our two day cure period will be over today (Friday and today serving as the two day cure period). Do we need to reply to this letter or just sit tight and wait for the Termination Letter? I think this will actually be the first contract that will be terminated as the ability to post an LC, and therby cure the default, is not available. I am willing to try to have one more conversation with their credit manager Bill Bonnell although it is doubtful that it will help. Please advise. Thanks,
Q: What is a potential subject line for this email?
answer: National Bank of Canada
All, For the security model, this is a list of privileges that I've come up with. 1. Financial Read/Write 2. Financial Read only 3. Power Read/Write 4. Power Read only 5. Gas Read/Write 6. Gas Read only 7. IM Read/Write 8. IM Read only 9. Credit Comments Read/Write 10. Credit Comments Read only 11. Legal Comments Read/Write 12. Legal Comments Read only 13. Confirmation Comments Read/Write 14. Confirmation Comments Read only 15. CP Read/Write 16. Keyword Read/Write Please let me know if there are other privileges to be included.
Q: What is a potential subject line for this email?
answer: Security Model
FYI, particularly the part about the performance management system. Let's see what kind of data we can get about the Microsoft evaluation system to find the differences. Thanks. Michelle
Q: What is a potential subject line for this email?
answer: Privileged/Confidential -- Microsoft Lawsuit
Robin: We use two firms for U.S. derivatives advice - both in New York and both highly recommended: David Mitchell of Cadwalader, Wickersham & Taft (212)504-6285 Ken Raisler of Sullivan & Cromwell (212)558-4675 David we use for contract issues - what should our forms look like under various conditions, etc. and Ken, who is a former General Counsel of the CFTC, we use for policy questions, political (lobbying) and e-commerce issues. Please feel free to use my name when contacting either of them. If neither of these is exactly what you are looking for, let me know and I can put you in touch with others. Mark
Q: What is a potential subject line for this email?
answer:
Derivatives Counsel