Attached for signature is the form of Enron Corp. Guaranty in favor of the referenced Counterparty, which guarantees the obligations of ENA under an ISDA Master Agreement. We will need two executed copies since both parties have to execute the Guaranty. This ISDA Master Agreement will supersede and replace an existing Master Agreement with this Counterparty, and this Enron Corp.Guaranty will supersede and replace the previous Enron Corp. Guaranty dated as of March 4, 1994. In addition, we will need the following closing documents: Certificate of Incumbency. Upon approval and execution, please call me at x33399 to pick up the documents. Thank you for your assistance in this matter.
Answer: J. Aron & Company Guaranty
Sorry I've been MIA this week...new job and all. Thought you might get a kick out of this email. It's from that guy that is 25 but looks about 40. And yet he resurfaces again (read the email at the bottom first then his). Yes I will be attending the Taster's dinner this evening. Look forward to seeing you there.
Answer: Yes I am alive
I don't know if you have spoken with Susan Flynn about her schedule before/after her surgery, but I have some questions that you may have already addressed, such as: Has Susan prepared a matrix reflecting the status of documentation (i.e., existing masters, agreements to use ENA master/terminate counterparty master,etc.) with the various CES counterparties? Carol mentioned that she could finalize this project. Will someone receive be checking Susan's email and voice mail and physical mail each day? What efforts (if any) are ongoing with respect to PGE? What about existing files? Top Tens (Swiss Re)? Any ISDA comparisons could be accelerated by giving directly to attorneys. Who will prepare reports for legal/credit meeting? Who is entering year-end deals onto Lotus Notes? Should Susan Bailey handle per Carol's suggestion? I'm sure that everyone in the group would appreciate a better understanding of how to handle the situation. Thanks. Sara
Answer: Susan Flynn
Jeff, Below is a list of items I'd like to discuss with you when we both have time(?). I just wanted to brief you first. I'm thinking about having a meeting with the basis traders every morning from 8:15 - 8:30 after each trader has gathered information from their desk meetings. This would be the optimal time to strategize as a group since changes in regional fundamentals and respective basis implications would be fresh in everyone's mind. Would it be okay to delay EOL market-making in basis until 8:30? I think it would be worth it. I think it would be a good idea to meet with leaders from other groups (origination (who? ), structuring (who? ), Julie Gomez, and Fred Lagrasta) on a regular basis to obtain new information on anything that might affect ENA's basis positions. Could you point me in the right direction as far as whom to involve and maybe notify them of my intentions? Should we set up a new book (under my management) which would hold certain strategic positions such as spread trades and/or more complex structured positions? I think it would be easier to manage that way by not being "cluttered up" in different books (i.e. the P/L from these trades would be my focus instead of managed by other traders.) Do you think the traders could eventually report directly to me? It seems like more intense leadership might provide an extra push to the group. Talk to you soon, Fletch
Answer:
Administative Items