QUESTION: Attached for your approval is the form of Enron Corp. Guaranty in favor of= =20 the referenced Counterparty, which guarantees the obligations of ENA under= =20 an ISDA Master Agreement. This Counterparty is an affiliate of the utilit= y=20 for the Province of Quebec, Hydro-Quebec. We will need the standard execut= ed=20 copy. Per my voicemail, we will need the executed guaranty by Tuesday, October 2= 4,=20 2000. Please let me know if this presents any problem. In addition, we will need the following closing documents: (i) Certificat= e=20 of Incumbency, (ii) certified board resolutions of the Policy for Approval = of=20 Guarantees (=01&Policy=018), (iii) certificate by the Treasurer or other au= thorized=20 officer certifying coverage of the Guaranty under the Policy, and (iv)=20 certified copy of Enron Corp.=01,s articles of incorporation and bylaws. Upon approval and execution, please call me at x33399 to pick up the=20 documents. Thank you for your assistance in this matter.
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ANS: HQ Energy Services (U.S.) Inc. Guaranty

QUESTION: The financial trading group has a recurring request by our conterparties to add a provision addressing the admissability of trader tapes into evidence in court or other proceedings. Our current language merely states: "Each party consents to the recording, at any time and from time to time, by the other party of any and all communications between officers or empoyees of the parties, and waives any further notice of such recording." Here are the facts and issues: 1. Our agreements provide for arbitration (most likely) or jurisdiction in specific courts or are silent as to jurisdiction. 2. ENA policy is to destroy trader tapes after 6 months. 3. If we are doing our job, a written and signed confirmation should exist in our files for each and every financial transaction. On occasion, we have not confirmation signed by ENA's counterparty. By agreeing to add "admissability" language, are we waiving the parol evidence rule? Do we always want the ability to introduce existing recordings? Can you provide us with language acceptable to ENA that we might propose to a counterparty (when asked)? Here's an example of a recent request: "Any such recordings may be submitted in evidence to any court or in any proceedings for the prupose of extablishing any matters pertinent to the [ISDA] Agreement."
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ANS: Admissability of tapes into evidence

QUESTION: UBS have organized an important meeting will be held tomorrow for all employees who : 1) have accepted offers or 2) intend to accept offers ( to the best of their knowledge) but who have issues that are being resolved All employees in these categories should attend Buses will be provided for those who do not have their own transport and will pick up from the south side of the north building - please assemble in the Java plaza area from 8.30am to 9.30am ( last bus leaves @ 9.30 am ) The meeting will last until approximately 1pm and will be presented by senior managers from UBS on the firm and it's strategy. There will be breakfast available at the Hotel from 9am to 10am and there will be sandwiches afterwards. If traveling independently please make sure you leave sufficient time to park (it will be very busy) and get to the Grand ballroom Employees need to bring their id's or drivers license with them to gain access to the meeting I'm sorry for the short notice on this - please call out to anyone who should be attending who will not get this message in time Tammie Schoppe on behalf of UBS HR
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ANS:
URGENT REQUIRES IMMEDIATE ACTION : Welcome to UBS meeting tomorrow 10.15 am @ the Houstonian