Message-ID: <30359669.1075854921743.JavaMail.evans@thyme> Date: Tue, 24 Jul 2001 08:01:55 -0700 (PDT) From: marie.heard@enron.com To: laurel.adams@enron.com Subject: FW: Credit Transaction in 2000 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Heard, Marie X-To: Adams, Laurel X-cc: X-bcc: X-Folder: \MHEARD (Non-Privileged)\Heard, Marie\Sent Items X-Origin: Heard-M X-FileName: MHEARD (Non-Privileged).pst Laurel: Can you help me respond to Susan's e-mail? I think her question is did the below transaction remain on ECT's US books or was it back to backed with the UK? I think there is a tax question. Thanks! Marie -----Original Message----- From: Musch, Susan Sent: Tuesday, July 24, 2001 9:25 AM To: Heard, Marie Subject: Credit Transaction in 2000 Marie, I obtained the details from our London Tax Dept. this morning regarding the credit derivatives transaction entered into by Enron US in 2000 for its US operations. The details are as follows: Enron party: ECT Investments Inc. Counterparty: Deutschebank Buyer of protection: Enron Company for which protection is sought: Loaise Corp. [spelling???] Notional principal amount: $4 MM Commencement date: July 19, 2000 Termination date: July 19, 2005 Can you confirm that this transaction took place and remained on the books of our US operations? I really appreciate your help with this. Best regards, Susan