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OUT: WARNING: Your mailbox is approaching the size limit

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Edmund - I have reviewed the long descriptions I was given for the credit derivatives (I can't tell if they are current) and have substantial comments - I have attached what I have come up with (sorry it's in 2 pieces). Basically I don't think we should be restating something in the Long Description that is already covered (sometimes with different language) in the GTC - this only creates an ambiguity and is not necessary to form a complete contract. My other concern - and I have not been able to draft language to fix it - is that I can't find any definition of the Seller Payment amount and I don't think the Buyer Payment language works - can you give me a call so we can discuss my concerns?

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OUT: EOL Credit Derivatives - Long Descriptions

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The attached list are outstanding receivables associated with the Central Region group that have occurred prior to December 2000. These are in addition to the receivables Frank Semin sent to you on December 19, 2001. Total value of these receivables are $13,039.98. Please have these receivables written off prior to January 1, 2002. Thanks!

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OUT:
Accounts Receivables