That power shortage Friday cut us off in the middle of our conversation about the appropriate tax language to use for a confirmation evidencing a trade between Teeside Power Financing Limited and RMT. I have attached the proposed form of confirmation. I have combined in it the usual tax language we have in RMT confirmations along with the language we use in a cross-border trade between a Delaware corporation (usually ECT, now RMT) and company (Teeside Power) located in a treaty country acting exclusively through non-U.S. branches (England). Please let me know if the tax language meets with your approval.
Answer: RMT Trade
Just a reminder to get you to put it on your calendar! Wednesday 11/28 at 8:00. Probably in Room 3 (Where we keep the youth books) Hope you can make it, Nancy
Answer: High School Leaders Meeting
An interesting piece of information from the oil markets. Iraq is trying to extract concessions from the US and threatens to shut down production as of Oct 1 (just in time for the US elections). The source of this info is Phil Verlaeger (an oil analyst). He is very good but excessively concerned with Iraqi machinations. He is the source of news (reported by Friedman of the New York Times in his op-ed columns) about massive Iraqi trading in the oil futures markets. I personally discount this info: the volume and transparency of the oil markets would not support this type of huge scale operations by Saddam's government. There may be some trading by Iraqi officials on the side. Vince
Answer: Iraq and Crude Output
All: During the fourth quarter, 2000, MLB intends to transfer all FX business to MLIB Ltd. ENA and Enron Corp. have been asked to agree to this transfer with the result that any executed master agreement with MLB will be transferred to MLIB Ltd as principal. ENA has an ISDA Master Agreement dated effective 7/1/95; I cannot locate a master between Enron Corp. and MLB. Will someone in credit approve this transfer? Please let Stephanie Panus (X53249), our newest paralegal, know. Thanks. Sara
Answer:
Merrill Lynch International Bank ("MLB") assignment to Merrill Lynch International Bank Ltd. ("MLIB Ltd")