Here is an email: 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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A: URGENT REQUIRES IMMEDIATE ACTION : Welcome to UBS meeting tomorrow 10.15 am @ the Houstonian
Q: Just got off the phone with the lawyer. We have only minor comments and he needs to check with his credit people regarding the collateral threshold. I will wait to hear back before sending out a revision. Sara
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A: NY State Gas & Electric
IN: As we discussed yesterday, in our review of our DASH recommendation vs. actual performance we found 36 DASHes that have been approved since late 1999 that carry the recommendation "Proceed - See Other RAC Comments". Typically the RAC Comments describe substantial issues that must be resolved if the transaction is to be successful. Given RAC's increased visability and accountability for portfolio performance, perhaps a more forceful description than "See Other RAC Comments" would be desirable which could be something like: "Issues - Sr. Management Approval Required" Therefore, the four DASH categories would be as follows:

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OUT: DASH Classification - "Proceed - See Other RAC Comments"
IN: This is an email
Greg Whalley has requested a Trader's Meeting tomorrow morning @ 7:45 a.m. (CST). The meeting will be held in his office, ECS 06752. The dial-in number for Portland and Calgary is listed below.

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OUT: Trader Meeting - 2/7 @ 7:45 a.m. (CST) - ECS 06752
QUESTION: 1. Be sure to verify that the underlying contracts do not allow cherry picking under any default scenario. If it does, amend the express language. 2. We have made 2 changes to the netting agreement forms on the basis of further review by Leslie Hansen of some provisions in our trading forms. The first change is in paragraph 2(a) to clarify the definition of Default. The second change is in paragraph 14(b) to delete the day limitation on claims of Force Majeure. We feel this should not be included in any physical contract that will be included in a master netting agreement, especially because of the current international situation and security concerns. See attached reline version to read the changes. 3. No changes have been made to the Collateral Annex. 4. Attached below are the new forms. Rather than continue with forms with and without the user notes, I put the user notes in a separate document. They are not at the back of the forms. Simpler. The attached forms are Master Netting & Security Agmnt 10 h a v1 (to use without collateral annex) and Master Netting & Security Agmnt 10 h v1 (to use with collateral annex).
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ANS: FORM CHANGES: READ
IN: Per Bass- like last year we get 13 guys, one must remain on IR for the entire week. Note - the person does not have to be injured. Pickups and drops are every monday. If you do not know how to add/drop, ask any of us from last year. PL

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OUT:
fantasy rules