QUESTION: Following the recent administration of Railtrack and the draft Memorandum to Members of 11 October circulated by ISDA (copy attached for info), a number of you have expressed a wish to formally respond to ISDA on the issues raised. I've attached the draft we propose to send to ISDA. If you could let me have any thoughts/comments on the draft as soon as possible. I'll leave the decision as to when/if to submit the letter to Bryan. Thanks and regards,
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ANS: Draft letter to ISDA re. "Not Contingent" and convertible bonds

QUESTION: FINANCIAL: We have an ISDA Master in place, originally through Transammonia, Inc., acting through its division Trammochem. That master has since been expanded to allow trading through additional divisions, Trammo Gas Division and Trammo Gas & Petrochemicals Division. All trades and confirms can be done as follows: Transammonia, Inc. Transammonia, Inc. acting though its division Trammochem Transammonia Inc. acting through its Trammo Gas Division Transammonia Inc., acting through its Trammo Gas & Petrochemicals Division Obviously, Transammonia, Inc., the body corporate, needs to always be on the confirm. PHYSICAL: My reports from the other Legal trading groups are that they have no contracts in place, although it is somewhat unclear on the physical gas side as to whether Global Contracts as to whether we have any physical gas master in place.
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ANS: Transammonia, Inc.

QUESTION: ENA is selling EES gas on CGAS. Sitara deal #225818. EES is showing a price of $3.347 for May production and we are billing them $3.324, which price is correct? Thanks
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ANS:
EES pricing issue