IN: This is an email
Per my conversation with Frank, Utilicorp. was originally shut down for financial because it was on the original "utility" list, when we shut down all the utilities for financial until we did the due diligence. Since then, we are opening the utilities up, so long as they are not governmental utilities. Second, we have since got an ISDA master in place with Utilicorp. (and moved the Aquila trades under it). Based on the above, I am opening up Utilcorp. for all financial products.

What is the subject?

OUT: Utilicorp. United Inc.
QUESTION: Here are several of the contracts we are planning to use for the online system. I wish I could tell you these are the final (or even the most recent) versions of the documents but things have changed so frequently that I'm afraid these may not be quite up to date. They do have the advantage of being in my directory and therefore available to send to you today. I don't think the final changes will be significant but if you want to use these as starting points, please let me know so I can be sure you have the latest material. The PA is the Password Application which is the only document the prospective counterparty actually signs by putting pen to paper. The first time the counterparty logs on to the system with its approved password, it is required to agree to the ETA (Electronic Trading Agreement) by clicking on an "I Agree" box after scrolling through the agreement. The GTC's are the contractual terms that apply to online transactions if there is no master agreement in place. Legal will have the ability to restrict a counterparty to trading only certain products online if we feel it is necessary. While most financial transactions will be governed by GTC's that look like our "Omnibus" documentation, the weather derivatives look more like a "Deemed ISDA." One final complication, the credit group has asked us to create two sets of documents: one for highly creditworthy counterparties which will have no credit provisions included and a second set for counterparties credit is not quite comfortable with which will contain a provision allowing us to call for collateral if we choose.
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ANS: Online Trading contracts
Hi Andrea, Sorry it took so long to get this to you. Things are a little hectic as we pick up other peoples tasks. I have been doing east desk fundamentals for about 6 months now, so if you have anymore data or analysis questions please ask, and I might be able to help out. If you need anything more for the presentation such as other pipe flows, pricing data, etc. just call Adam 3-5227
Q: What is a potential subject line for this email?
answer: HH Flows
Dear Evening STudents, I see that Haas Computing has enabled the Terminal Server. This should allow you access to the library's databases without going through the proxy bit. The Terminal Server, once you have it set up (yes, there is an initial setup involved), will bring the Haas desktop with all its applications to your desktop. You can now use all the software that is available to you in Haas Computer Lab from your home. If it works as promised (boy, I sound jaded! ), you will really like it. Caveat: I have not tried using the Terminal Server from off-campus yet, so I can't say with absolute assurance that the databases will in fact be available remotely as well. To use the terminal server, you have to be using Internet Explorer version 5.0 or above and Windows 2000 and you will be directed to download and install the server's client. If you try it and it works for you, send me an email. I don't have Windows at home and can't test it from here myself. Monica Singh
Answer: Library Databases through Haas terminal server
Here is an email: Tanya: I know you're swamped so I'll try to make this easy and you can answer "yes" or "no", etc. 1. Is First Union National Bank the correct name? (as opposed to First Union National Bank, Charlotte) 2. Threshold for cross default: We used $100,000,000 for ENE and $50,000,000 for FUNB. FUNB wants $100,000,000. 3. Documents to be delivered: FUNB will produce audited/consolidated financials for First Union Corporation. We requested FUNB financials. 4. With respect to the ENA master only (the CSA): (i) FUNB wants to post 10-year government bonds in addition to cash and L'C's (ii) I sent you the FUNB matrix Is it acceptable? (iii) FUNB wants to revise the MAC trigger to include "Baa3 by Moody's" and "failure to have a Credit Rating from either S&P or Moody's". (iv) FUNB wants to revise the definition of "Qualified Institution" to include not only the rating we assign, but also "having assets in excess of $10 billion" and also not subject to approval by the non-downgraded party (v) FUNB wants all demands for delivery or return of collateral to be made on a Valuation Date. I think we should retain language that demands can be made on or after a Valuation Date. But I think we could agree that demands be made prior to 5 pm New York time. 5. With respect to the ENA master only (the Enron Corp. guaranty in favor of First Union National Bank): (i) FUNB wants a $30,000,000 cap (as opposed to the $15,000,000 cap we proposed) Two different FUNB people keep calling me, one on the ENA front and the other with respect to ENE. Now you know why your assistance is always greatly appreciated. Sara
What is a potential subject line for this email?
A: First Union National Bank ("FUNB") ISDA's with ENA and Enron Corp.
QUESTION: Could you please email me what we think are the execution version of the letter agreement and the substantially complete llc agreement? Also, how many execution copies will we have? Thanks,
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ANS:
Execution copies