QUESTION: As of this week EnronOnline has just started offering US/Canadian Dollar Swaps Online. As part of my review in determining whether a counterparty can transact these products online I look at the Financial Trading Agreement Database to see if there are any restrictions indicated, check the master swap agreement, and I am also looking at any Board Resolutions we might have received when we got the master agreement executed. What I am finding is that in the old days when we asked for resolutions evidencing the authority to enter into the master agreement/derivative transactions frequently the resolutions do not allow the counterparies to enter into currency transactions. Since transacting these currency transactions with our energy customers is a new area of business for us I just wanted us all to be mindful to check these old resolutions and not to rely solely on the "Restrictions" contained in Lotus Notes.
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ANS: US/Canadian Currency Swaps Online

QUESTION: Hi, Is anyone talking to you guys about sourcing end of day Interest Rate Curves for your various risk management systems, or would you like me to arrange for them to be sent to you at the end of each day? I could arrange for a file containing the OBS (UBSW Interest Rate Derivatives system) yield curves to be e-mailed to you once they are saved every afternoon. The official closes for the USD and CAD LIBOR curves are saved down at around 3:30pm / 3:40pm New York time each afternoon. The files would contain prices for the swaps, futures and money market instruments that are used to build the curve, and also the corresponding zero coupon rates on a continuous A/365 basis. I guess we would have to talk about the exact form that your systems need the rates to be in to see if any conversion would be necessary. Cheers,
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ANS: Interest Rate Curves

QUESTION: Hold the Date: November 28, 2001 Place: Institute for International Economics 1750 Massachusetts Avenue NW, Washington, DC Speakers: Under Secretary of State Alan Larson Under Secretary of Commerce Grant Aldonas IIE Director Fred Bergsten TI Chairman Peter Eigen Transparency International USA is pleased to invite you to a Private Sector Luncheon Briefing on November 28, 2001, from 11:30 a.m. to 2 p.m. in Washington, DC. Our speakers from the Administration will be Under Secretary of State Alan Larson and Under Secretary of Commerce Grant Aldonas. IIE Director Fred Bergsten has generously offered to host this event and will share his views on the continuing importance of the fight against corruption. TI Chairman Peter Eigen will bring participants up to date on the growth of the TI global network. TI is playing a key role in the monitoring process designed to assure enforcement of the OECD Anti-Bribery Convention. With the economic downturn, effective enforcement is now even more critical to dissuade those who would use bribes to secure business. With US attention turned to mounting a global coalition to address the terrorist attacks of September 11, we must redouble our efforts to ensure that the Administration and the Hill provide adequate political and financial resources for the anti-corruption agenda. The private sector must continue to play a central role in this effort. This timely and important meeting will provide a forum for the private sector to share its views with policy makers. We will also devote time to a frank and informal discussion of TI-USA priorities and how to meet the challenges ahead. Please let us know if you plan to join us.
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TI-USA Private Sector Luncheon Briefing