All: Do you need any of the ISDA "boilerplate" language ( the ISDA Master Agreement and the ISDA Credit Support Annex) to attach to the draft Schedules/Paragraph 13 which we prepare to send to our counterparties? We do not have the "boilerplate" in a word document. Also, is there anything that Houston legal can do to facilitate your transactions?
Answer: ISDA Master Agreements
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Answer: AGA 1/23
I have received the list of CES agreements which George put together as having Texas delivery points and have been attempting to put together a back to back agreement similar to the back to back agreement which ENA has with CES; however, I keep running into confidentially agreement problems. I understand that these CES agreements relate to June business and have no deals and/or term beyond that point. I suggest that the deliveries under these agreements be documented as a GTC Confirmation between ENA and HPL and thus avoid the confidentiality agreement problems. George Weissman and Bob Hall feel that this is a workable solution. We will proceed with the preparation of GTC's for each deal unless I hear otherwise.
Answer: CES - counterparty contracts with Texas delivery points
Due to current circumstances, until further notice all curves need to be marked by 12:30 pm and the Risk Management group will begin all calculations by 1:15 pm Pacific time. We will try to work with all of you the best we can, but please understand that it will be on a case by case basis. We have been asked to ensure that we meet these deadlines as often as possible. If you have any questions or concerns regarding these times please let me know. John
Answer:
Risk book calculations