Here is an email: There exists another receivable financing covering power receivables structured at the corporate level. I am working with Trey Cash and Melinda Winn to extract the receivables to enable the master netting agreements to be executed. For now, please touch base with me prior to initialing any master netting that includes power. Please note we are still working on the extraction from the gas receivables as well.
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A: READ THIS NOW RE MASTER NETTING
Here is an email: Greg, Attached is a draft of interconnect agreement form based on the discussion we had yesterday. I left the reimbursement provision open with only placeholder language that indicated they will be paying for the interconnect in some form. I made some assumptions about equipment that either party would install, however this can easily be changed. I didn't draft any credit language in the agreement. I think this would be best handle by simply having our credit department review these guys and if they are worried about them, we should require them to make an upfront payment before we buy or build anything. Take a look at the draft and let me know if you have any questions.
What is a potential subject line for this email?
A: Interconnect Agreement Form
Here is an email: If you didn't believe us before, I'm sure it is by now painfully clear that negotiating master swap agreements is a very lengthy process. My impression is that the commercial team in Portland is anxious to begin trading financially. If this is correct, it would be possible, at least from a legal point of view, to begin trading now under the existing documents. In each case where a master agreement is already in place, trades entered into before the amendments we want will certainly be binding on both parties. Our only issues with trading under these agreements are where we need more restrictive credit provisions and that resumption of trading before an amendment is signed reduces to some extent our negotiating leverage. As to the credit issue, only the credit group can decide whether or not to permit trading under the existing terms. As for the negotiating leverage, if the commercial people want to resume trading immediately, my suggestion would be to let them go ahead. If it turns out that additional leverage is needed, we can always stop trading. Where no master swap agreement exists, we have documentation available to enable trading on a limited basis until the master is signed. The so-called "omnibus" confirmation will work for any normal commodity derivative transaction and can be customized to include necessary credit provisions - even where multiple trades exist with the same counterparty. Tana has unsuccessfully tried to get you access to our Lotus Notes database so you could determine the status of any negotiation on an up-to-the-minute basis. She will be sending a monthly report of our progress until you get the necessary software to access the database. Of course, if any issues come up in the meantime, please continue to feel free to call.
What is a potential subject line for this email?
A:
Financial Trading Documentation