IN: This is an email
Per my conversation with Edmund this morning, we are moving the following countries to the non-approved list: Austria, Belgium, Croatia, Czech Republic, Denmark, Poland, Portugal, Romania, Singapore, and Slovenia. Below is the list, now updated to reflect this change. Jurisdictions which are are approved to trade credit derivatives: Finland, Germany, Norway, Sweden, Switzerland, the U.K, and the U.S.. Jurisdictions which are not approved to trade credit derivatives include: Austria, Belgium, Canada, Croatia, Czech Republic, Denmark, France, Gibraltar, Ireland, Italy, Poland, Portugal, Romania, Scotland, Singapore, Slovenia, Spain, and The Netherlands. For banks incorporated in a non-approved jurisdiction, it may be possible for them to trade out of a branch located in an approved jurisdiction (i.e. U.S. and U.K. branches). This would have to be determined on a case by case basis. Please let me know if there are any changes to this list.

What is the subject?

OUT: Updated Jurisdiction List-Credit Derivatives

IN: This is an email
Per my conversation with Frank, this counterparty wants to trade weather online. However, they have the old style ERMS Master in place which only covers energy commodities. I spoke to Scott Tackett on the Confirm Desk, and he is going to add language to the confirm that puts the trades under the master agreement. I also spoke to Tanya Rohauer in Credit and she is going to move this counterparty up on the list for an ISDA replacement master. So, they are OK to open for weather.

What is the subject?

OUT: Dynegy Marketing and Trade

IN: This is an email
The agenda I'm trying to put together for the next meeting will include the customary presentations from Davies/Lindsay and Kristol as well as the energy policy discussion we are looking for from you and Bob. We will also be updating the council on Enron Networks - - a business unit formed to extend Enron's business model to other industries (especially commodities or "commoditzable" goods). Most recently we have extended into metals, expanded our presence in paper, and begun an examination of agricultural commodities. I'd like your help in identifying a guest participant who may help us think through some of the issues from either (or both) of two perspectives: business strategy: what markets are candidates for commoditization. (I have asked Gary Hamel to consider this topic as well). public policy: as more businesses adopt online business models (like exchanges), as more goods are bought and sold like commodities, and as more transactions move off the traditional regulated exchanges, how are policy makers (SEC, FTC, CFTC and their overseas counterparts) likely to react?

What is the subject?

OUT:
Enron Advisory Council