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?"
Answer: Letters of Credit; Preference; Swap Transactions
Here is an email: There will be an Eservices Meeting June 25, 2001 in EB30c1 from 3:00-3:30 with Kevin Presto and Tom May. If you have any questions or I can be of further assistance please let me know. Thank You
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A: Eservices Meeting
Q: This Sunday, starting at 5:00 AM, Emergency Power Systems for the WTC Complex will shut down to test the emergency backups. This will not affect critical systems (computer room, phones, or the Real Time Group), as they are on both UPS and Generator. It will affect many of the non - critical computers and office machines on the 3rd and 4th floors of Enron. Please make every effort to power down all of your PC's and monitors when you leave for the day. Also, if you could help with a machine or 2 in your immediate area we would appreciate it. The IT group will be coming through around 4-4:30 today to power down equipment not in use and I will be in before the outage on Sunday to complete this. If you have any questions or concerns, please contact the IT dept. at any time. Regards
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A: WTC Power Testing
IN: Gloria, This is the agreement in final as previously sent with the exception of the state of incorporation for Greene in the first paragraph. Please fill in or write the State name. If you are ready to execute, print two originals sign and send to my attention to the address below. I will forward a fully executed agreement for your records. Finally, should you have any questions, I will be away from the office tomorrow and return Monday. Best regards,

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OUT: Agreement
To All Derivatives II attendees: By now, you should have received your pre-course packets containing the two review quizzes for Derivatives II . (If you have not, please see me immediately.) To clear up any possible confusion: The COMPLETED review quizzes need to be brought to the first day of class--so team up with a buddy to answer the questions! (I believe that that instructors would like to get an idea of how well you understand the concepts from Derivatives I.)
Answer:
REMINDER: Deriviatives II class is tomorrow (Bring COMPLETED quizzes)