Problem: BODY: To prepare for the simulation test that will run this week, can you please make sure the necessary people in your group have the appropriate access to the UBS application to perform their job function. For example, I know that the Reports application was used by most groups and that the risk groups also used the Bridge Monitor application. Although we are not expecting any problems to arise, please let me know of any issues your group has logging onto the system. Thank you for your help! Dawn 3-9353
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A: SUBJECT: Access to UBS application

Problem: BODY: For those of you interested in Entrepreneurship or Biotech/Healthcare, they're doing some cool stuff at UCSF. There's an e-mail list, plus several speaker/networking events. Sam Collela of Versant Vertures spoke at their first event two weeks ago. Our very own Peter Fiske will speak at an event on Dec 5th. The organizers specifically asked that Evening MBA students were invited to participate (our fame precedes us). Great opportunity to meet up with clinicians/scientists with new ideas who need help with commercialization. See below for details. Tom McVey
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A: SUBJECT: Entrepreneurship @ UCSF Innovation accelerator

Problem: BODY: Julia sent me a copy of your memo following up on one of the questions asked at the session earlier this week. I would like to ask a follow-up question: Do we lose the benefit of the special treatment under the bankruptcy code when we enter into cross-product (i.e. physical and financial products) netting and joint credit support arrangements. If we agree with a counterparty to net all of our trading exposures under multiple agreements (swap agreements and gas, power, steel, coal, etc. trading agreements) to determine how much credit support should be posted and then only ask for a single LC that supports the whole shebang, do we lose this protection since arguably we are no longer just "under a swap agreement?"
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A:
SUBJECT: Letters of Credit; Preference; Swap Transactions