Message-ID: <4701704.1075849655763.JavaMail.evans@thyme> Date: Fri, 5 Jan 2001 03:54:00 -0800 (PST) From: tanya.rohauer@enron.com To: frank.hayden@enron.com Subject: Re: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions Cc: john.griffith@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: john.griffith@enron.com X-From: Tanya Rohauer X-To: Frank Hayden X-cc: John Griffith X-bcc: X-Folder: \John_Griffith_Nov2001\Notes Folders\Discussion threads X-Origin: GRIFFITH-J X-FileName: jgriffit.nsf Please let me know the nature of the transaction with National Steel. Thanks!! Enron North America Corp. From: Frank Hayden @ ENRON 01/05/2001 09:24 AM To: John Griffith/Corp/Enron@Enron cc: Chip Schneider/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Lea Savala/GPGFIN/Enron@ENRON, Vladimir Gorny/HOU/ECT@ECT Subject: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions John, Thanks for stopping by. For pre-paids and the like we have an expediated DASH process. Since the counterparty is National Steel, we will need to get credit involved. I've included Chip on this email regarding costs of funds. The expediated DASH process is for financings of embedded in commodity transactions. This is to ensure that these type of transactions are reviewed considering funds flow and the ability to syndicate, as well as credit, documentation, and pricing. This process is intended to be less comprehensive than a standard DASH and is to be used only for embedded financing transactions that are either (i) short- term or (ii) longer-term if with relatively highly-rated counterparties. Thanks, Frank