Spreadsheet: sally_beck__33816__Legal Conf Pay EdeMexico Oct2400
Sheet: TRADES notas

 |  |  | 2000-10-24 00:00:00
 |  |  | ENRON DE MEXICO
 |  |  | LEGAL, CREDIT, BACKOFFICE AND PAYMENT UPDATE
 |  |  | Conterparty | [NAME] 13 sep | [NAME] 14 sep | [NAME] 19 sep | [NAME] 20 sep | [NAME] 21 sep | [NAME] 25 sep | Notas |  | Notes
 |  | 1 | Vitro |  |  |  |  |  |  |  | Vitro | - We need to send Vitro confirmations on last 3 transactions (Oct 12, Oct 19, Sep 28). Credit will send to para-legal (Stephanie Panus or [NAME]).  - We owe them Assignment Contracts on last 3 transactions. EdeM will send volume allocation to Credit.  - Need to send ISDAs to Vitro, for all different Subsidiaries. Credit will send Credit worksheet to Legal.  - Vitro nominated Enron,  to receive "Quality of Service Award" next week, and we are starting to slip on that with all this items pending.
 |  | 2 | [NAME]y Sanitarios Azteca |  |  |  |  |  |  |  | [NAME] | - Confirmations of last trade (Oct 19) have not been sent out to customer. Credit will send Master Agreement final signature.   - Customer asked for ISDA agreement and has not been sent out yet.
 |  | 3 | Grupo Calidra | [NAME], esperar original por fedex |  |  |  |  |  |  | Grupo Calidra | - Enron received confirmation on previous transaction. - Customer agreed to sign last confirmation and asked for an ISDA 6 weeks ago. - Need to send an ISDA with current credit provisions ASAP.
 |  | 4 | [NAME] |  |  |  |  |  |  |  | [NAME] | - ISDA finally accepted.  Customer will send Master Agreement to us signed.  - Last calculation period we payed late and generated interests. Customer waiting for interest payment. - Payments will calculate ammount to notify Fersinsa that such amount will be netted out in next payment (Nov-00).
 |  | 5 | Kimex, Colortex and  Compa&ia Industrial Kindy |  |  |  |  | Hablar el lunes con [NAME], no le entiende [NAME] contrato |  |  | Kimex | - Sent confirmation to customer, but haven't signed because they don't understand it. Need to pursue signature. EdeM will propose to sign a Master Aagreement at the Grupo Kimex Holding Co. level, and once it is signed, then we'll send 3 asssignments to them, and short confirms at the Grupo Kimex level.  - Need to send Master Agreement to them ASAP at the Grupo Kimex level.  Credit will send Worksheet.
 |  | 6 | [NAME], [NAME], Alambres y Derivados |  |  | Confirm y poderes enviados a Brent |  |  |  |  | [NAME] | - After customer sent confirmation, they agreeds to sign a Master Agreement with same credit provisions.  We haven't send it to them. Customer also sent Confidentiality Agreement together with financial information and we haven't get back to them.  - Propose the Master at the Grupo de Acero level.  - EdeM will ask for the Confidentiality, and send to legal for review, cc Credit.
 |  | 7 | Gas Natural Mexico, y  [NAME] |  |  |  |  |  | [NAME]) hablar con [NAME] |  | Gas Natural Mexico | - Customer with a lot of transactions going on. Regular business expected with large volumes.   - Need to send confirmations of last transactions (Oct 5, Oct 18, Oct 19, Oct 23). Willl be short, after ISDA is signed.  - Need to send Master Agreement ASAP to both Counterparties to continue to do trades with them. - Credit will send the Credit Worksheet to Legal, to send it out to customer on Oct.26th.  - This customer has a requirement (Regulation) to pay 30 days after settlement, but all confirmation come out wrong. Please verify.  - We asked for a Guarantee from Gas Natural Mexico for Comercializadora Metro Gas and they have agreed upon.
 |  | 8 | Hylsa |  |  |  |  |  |  |  | Hylsa | - Sent Confirmation of last trade to customer, and haven't signed due to tightness of covenants ( claim already in default).   - Master Agreement sent out to customer, and they are claiming problems with credit provisions, arguing that they are already in default on set covenants.   - Need to coordinate conference call with them to clear things out. Credit will call back EdeM with the right numbers to discuss with counterparty.
 |  | 9 | [NAME] |  |  |  |  |  |  |  | [NAME] | - Please confirm if ENA has received signed confirmation on last trade (Aug 24). EdeM will check directly w/them. - Customer asked for Master Agreement on same credit terms as confirmation. Please send ASAP.
 |  | 10 | Bimbo and 23 Subs. | Duda a resolver con Agustin, para poder enviar de regreso con firma |  |  |  |  |  |  | Bimbo Chihuahua, S.A. de C.V. | - Confirms [NAME] sent to us Legal Opinion for review. OK... - Customer is asking for Master Agreement on same terms as Confirmation. - One Master Agreement for each sub, with a Grupo Bimbo Corporate Guarantee?  Propose to make one Master Agreement with the Grupo Bimbo and make internal confirmations, and we can make 23 trades, one for each company.
 |  | 11 | [NAME] |  |  |  |  |  |  |  | [NAME] | - We haven't received confirmation back on last trade. They agreed upon terms and will send it this week. - Propose Master Agrement. (Second priority).
 |  | 12 | [NAME] |  |  |  |  |  |  |  | [NAME] | - Sent confirmation to Cemex on last trade, and no major problems with document excpet for some credit questions. Please clarify to move forward.  Yes, agreed, EdeM will tell [NAME] we agree and will send back confirmation with new changes. - Standby on Master Agreement negotiations until we define how to approach it .
 |  | 13 | [NAME] |  |  |  |  |  |  |  | [NAME] | - Very heavy confirmation was sent out for Options purchase (Aug 25th).  ENA was reviewing it to send back to customer. Please advise status. Should be out. EdeM will trace confirm.  - Customer asking for Master Agreement, and we haven't responded yet. Same credit provisions as previous confirmation.
 |  | 14 | [NAME],  Sintesis Organica, and  Polietileno y Derivados | Recibimos recibos de pago de prima de idesa (FAX) |  |  |  |  |  |  | [NAME] Etileno | - Haven't received last confirmation (Aug 25th) from customer. They claim that a part of the process needs Board Approval. Company waiting for next board approval.  EdeM will find out where is such need and possibly change it.  - ENA has not sent out confirmation on last transaction (Sep 27th). EdeM will check if deal ticket has been done, and Legal will check with confirm desk to find out what is going on.  - Customer asked for Master Agreement, please send ASAP with same credit provisions as confirmations. The 3 companies will have a Grupo IDESA Corporate Guarantee. EdeM will propose to make trades at the parent company level.
 |  | 15 | [NAME],  and [NAME]. | Duda a resolver con Jaime W para poder [NAME] |  |  |  |  |  |  | [NAME] | - Customer has not signed Confirmation.  Several doubts. Pushing to get it this week.  - CEO pushing to do more rades. Please send Master Agrement to take advantage of internal opportunity. (Second Priority).
 |  | 16 | [NAME] |  |  |  |  |  |  |  | [NAME] | - Customer with questions regarding last confirmation. They sent file with questions and proposed changes.  We haven't responded to them.  Apparently, changes are not big. Please respond ASAP, since confirmation is out since Aug 28th.  - They are waiting for Master Agreement with same terms and conditions.   - [NAME] is asking for changing Parent Guarantee from IMSA ACERO instead of Grupo IMSA. Credit will do the new Credit Worksheet.  - PLEASE be careful with a counterpartie{s name that is extremely similar to another Mexican counterparty...IMSA has a company named Enertec.
 |  | 17 | Mexichem |  |  |  |  |  |  |  | Mexichem | - Payment problems on last trade. (Over-paid). Fixing it as we speak.  - Customer want to review  Master Agreement. Please send with same credit provisions as confirmation.
 |  | 18 | [NAME], [NAME] |  |  |  |  |  |  |  | [NAME] Maldonado | - Company sent financials on several more counterparties, which need credit worksheets and approval. - Pursuing signature of previous confirmation with customer.
 |  | 19 | Procarsa,  [NAME],  and Sigosa. |  |  |  |  |  |  |  | Procarsa | -  Small company. Please check if we have received last confirmations signed.
 |  | 20 | [NAME] |  |  |  |  |  |  |  | [NAME] | - ISDA signed, but not appearing in ENAs list of Master Agreements. Please verify.  - Customer needs to send to us WBE8 Form signed, as well as the original contract. Please verify.
 |  | 21 | General de Cerámica |  |  |  |  |  |  |  | General de Cerámica | - Small company. We have not send out confirmation on transaction made on Sept 26th. Please send ASAP.  - Please send Master Agreement as second priority.
 |  | 22 | Enertek |  |  |  |  |  |  |  | Enertek | - Need to send confirmation for trades Oct5th, [NAME], Oct 20th.  Should be going out 24 Oct.  - Customer sent back Master Agreement with comments from parent J.V. partner AEP. Please review and advise. 2 weeks at least to get comments.  [NAME] will check with AEP's and go from there. NEw people, new concepts, etc...We already gave everything we could.  - We'll send another draft and we'll go from there.  - EdeM will check deal tickets with Mid Marketing for Alpek's trades.
 |  | 23 | Kerdal |  |  |  |  |  |  |  | Kerdal | - Need to send them confirmation on last trade (Oct 13th).  -  Master Agreement as second priority.
 |  | 24 | [NAME] |  |  |  |  |  |  |  | [NAME] | -  We have not send out confirmations on last trade (Oct 19th). Send re-draft with credit provisions. - Customer reviewing Master Agreement. Expect answer by end of this week. Document in the hands of [NAME], Alpek{s lawyer.
 |  | 25 | Mabe Mexico, [NAME]  and Laser |  |  |  |  |  |  |  |  | - They have sent all their financials and we need to give them a credit response. - They also sent a copy of a Schedule with Citibank for which we need to get back to them with comments. Legal will check how can we propose a schedule that appeals to the one proposed by them.
 |  | 26 | Grupo Carso e Industrias  Nacobre |  |  |  |  |  |  |  |  | - Customer sent financials on 7 Subs to have ready credit lines. Please give us a credit response. We need to get back to them quickly.  - Please send as well Master Agreement to start negotiations with them.
 |  | 27 | Daltile |  |  |  |  |  |  |  |  | - Customer sent financial information 2 weeks ago. We need to give them a credit response.  - Please send Master Agreement proposeal according to Credit Worksheet. This customer usually makes 1 or 2 year transactions and have been operating with PEmex. but we want to bring them to Enron.
 |  | 28 | Porcelanite |  |  |  |  |  |  |  |  | - Customer sent financials, but we need to get some more detailed information. We need to pusue it this week.
 |  | 29 | Petrotemex |  |  |  |  |  |  |  | Petrotemex | -  We have not send out confirmations on last trade (Oct 19 th). Credit provisions will be included.  - Customer reviewing Master Agreement. Expect answer by end of this week. Document in the hands of [NAME], Alpek{s lawyer.  - Customer knows can{t trade until we have Master Agreement signed. They want to do 40 contracts a month more, but we expect to have some news in the next 2 day.
 |  | 30 | Univex |  |  |  |  |  |  |  | Univex | -  We have not send out confirmations on last trade (Oct 20 th).  - Customer reviewing Master Agreement. Expect answer by end of this week. Document in the hands of [NAME], Alpek{s lawyer.
 |  | 31 | Nylon |  |  |  |  |  |  |  | Nylon | -  We have not send out confirmations on last trade (Oct 20 th). Include credit provisions. - Customer reviewing Master Agreement. Expect answer by end of this week. Document in the hands of [NAME], Alpek{s lawyer.
 |  | 32 | [NAME] |  |  |  |  |  |  |  |  | - Company sending financial Information. Please elaborate credit Worksheet as soon as info arrives.   - GIRSA is expecting to trade in the next few days.
 |  | 33 | Corporacion San Luis |  |  |  |  |  |  |  |  | - We have credit worksheet ready., Please prepare Master Agreement for customer. - Second Priority.
 |  | 34 | Cintra |  |  |  |  |  |  |  |  | - Company sent back [NAME] with lots of comments. - Customer is asking for a meeting to discuss and solve diferent isues please schedule ASAP.
 |  | 35 | General Business |  |  |  |  |  |  |  | Univex | - We do not know if all our counterparties have delivered their Powers of Attorney, and Corporate Bylaws. Need update on that regard.  - Payments: Customers are required by tax [NAME] to have an original invoice in their posession. Some of them claim that they need it before they pay, and that is normal prctice to keep record of such invoices. Please advice as to what can we possibly do.  - ISDAs, please review Citibank's schedule to see what they are proposing.