QUESTION: Peter: Weyerhaeuser Company Limited, a company located in Ontario, wants to change the standard securities rep that we have in our current ISDA Schedule to the following: "It is a Qualified Party within the meaning of the Ontario Securities Commission, Rule 91-505 Over-the-Counter Derivatives." Our current rep is attached. Is this something that we can agree to? Carol
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ANS: ISDA Securities Rep
Tana - I spoke to Joe Wright at APB this morning. Here is the rub on this matter: - APB has a $500K LC outstanding to cover the US trading - Norwegin Energy Brokers - AS is a brokerage house trading in Nordic/EU areas (mostly in Scandinavian countries) - First Energy Brokers - AS was formed by NEB for purposes of trading in the Netherlands (not sure of the timing) - NEB owns a large stake in FEB, but not all of the entity. - APB is currently a 23% owner of NEB (thus indirectly owning a piece of FEB) - APB is looking to purchase the balance of the ownership of NEB which is CONFIDENTIAL (seeking to close sometime later this month) - Joe indicated his thought that, post-NEB purchase, there is a good chance that NEB and FEB will be merged - Joe also indicated that it would not be a problem for the APB LC to be expanded to these entities - if this is what credit would need. I do not know if we have any history with either NEB or FEB, but I am sure we need to talk to credit to figure out what is needed in order for the trading to take place. Can you follow this up or do you want me to do so? Thanks.
Q: What is a potential subject line for this email?
answer: Norwegin Energy and First Energy
Kevin, Here are the Spot GTC's - with and without collateral, with and without signature lines and a redlined version. Please call me if you have any questions. Stacy
Answer: EOL Spot GTC's
Here is an email: We will be releasing new version of the Stack Manager and the EnronOnline website tonight . The following are the changes 1. Changes to Stack Manager: 1.1 Changes to toolbar icons: To facilitate further development of the system, it has been found necessary to change the toolbar icons at the top of the Stack Manager. The attached file shows the old icon and its new replacement. Next to each image below is the description of the function that is executed as well as the short cut key that is mapped to the same function: 1.2 New Functionality - Auto Suspend The Auto Suspend function allows traders to set an absolute price change from a price level at which you would like the system to automatically suspend a specific product. This function is useful if your products use automatic price resets. To activate this feature: 1. Select a product and click on Product Properties 2. Check the Enable box 3. Enter the Price Check and Suspend at +/- values 4. Click Update Example: a trader Enables Auto Suspend and selects a $35.00 Price Check and a suspension level of +/- $5.00: The system will suspend the product when the mid price is above $40.00 or below $30.00 You will need to enter a new Price Check or disable the Auto Suspend function to reactivate this Product if the Auto Suspend is triggered. Please note the system checks for any products that need to be suspended once a minute. 2. Changes to EnronOnline Website (These changes will be rolled out in phases over the next week and will be available to all customers only by Friday 5/4/01) The following enhancements have been made to the EnronOnline Website: 2.1 Today's Transactions Float Window: In order to float the window, right click on the Today's Transactions section, click on the Float Window option. Sort Ordering: Click on the column heading to change the sort order. Linked Transactions: You can display the linked Transactions in an expanded or collapsed view. To do so, right click in the Transaction display area and select full Expand or Full Collapse. 2.2 Submission Box The submission box has been modified in order to show a space between each set of "zeros" for the volume the customer wants to sell/buy. Savita
What is a potential subject line for this email?
A: VERY IMPORTANT ENRONONLINE STACK MANAGER CHANGES
Q: I just got off the phone with Margaret Lester, a contract administrator at Dynegy, and Harlan Murphy, an attorney she works with. There was some misinformation communicated to them about EOL, and I told them the only way we would trade online with them was under the existing master, not under the online GTCs, we wanted the bankruptcy protection the master affords. They want to replace the old ERMS Master with an ISDA and I told them we would be happy to generate the master. Can I get some credit from you so I can turn around a master quickly, or we will have to work off their form, which will then become an ISDA comparison which will be a lot more work in the long run. Much thanks as usual for your prompt help!
Propose a subject line
A: Dynegy Marketing and Trade
Here is an email: Louise, I talked in detail with Caroline this am. We need to identify where Caroline is going to reside. I understand that UBS has two operations in NY - I think you and Hutchins need to decide what makes the most sense (ie synergies). It is critical that we get this resolved so that Caroline has some infrastructure around her.
What is a potential subject line for this email?
A:
New York