Message-ID: <16351924.1075858851652.JavaMail.evans@thyme> Date: Mon, 22 Oct 2001 09:14:44 -0700 (PDT) From: nidia.mendoza@enron.com To: stephanie.panus@enron.com Subject: FW: Quadra Energy Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mendoza, Nidia X-To: Panus, Stephanie X-cc: X-bcc: X-Folder: \SPANUS (Non-Privileged)\Panus, Stephanie\Deleted Items X-Origin: Panus-S X-FileName: SPANUS (Non-Privileged).pst Here is the letter of credit format Enron sent him. Thanks, Nidia x3-4868 -----Original Message----- From: Panus, Stephanie Sent: Monday, October 22, 2001 10:52 AM To: Mendoza, Nidia Subject: FW: Quadra Energy Importance: High See below. -----Original Message----- From: Panus, Stephanie Sent: Tuesday, October 16, 2001 9:01 AM To: Mendoza, Nidia Subject: Quadra Energy Importance: High Nidia, Please see the below. Can you send me a format of the letter of credit that you sent him? Stephanie -----Original Message----- From: Gary Ross @ENRON Sent: Monday, October 15, 2001 3:59 PM To: Panus, Stephanie Cc: Patrick J. Loftus; Scott Simpson Subject: RE: ISDA Master Agreement Ms. Panus, A number of months ago you had sent me a draft Master Agreement and Credit Support Annex. I had then spoke with Nidia Mendoza, in the Enron Credit department, regarding the changes we would like to see in the agreement. However, I am having problems getting her to respond to my phone messages or e-mails. I am hoping I could detail the changes we have and you could then let me know if they are acceptable. They are as follows: Ms. Mendoza faxed me an alternate Letter of Credit format, which our Bank finds more acceptable than SCHEDULE 1 to EXHIBIT A to paragraph 13 of Annex A. We would like to have this format replace the current SCHEDULE 1 or have it added as SCHEDULE 2. This will guard against the format being disallowed at a latter date. Also, we would like to have the dollar amounts in point (b) (iv) (D) of PARAGRAPH 13 to the ISDA CREDIT SUPPORT ANNEX reduced from $250,000 to $10,000. A $250,000 threshold is a very large number especially when you consider that we would not be paid any interest, while Enron held any excess funds. Also, the $10,000 amount is typical of the amount we use with other trading houses of Enron's size. Please let me know your thoughts on the above items. If you have any questions please contact me, at (403) 215-7451. Thank you Gary Ross -----Original Message----- From: Panus, Stephanie [mailto:Stephanie.Panus@ENRON.com] Sent: Wednesday, July 25, 2001 3:54 PM To: gross@quadraenergy.com Cc: Reves, Brant Subject: ISDA Master Agreement Mr. Ross, Attached for your review is a draft of the ISDA Master Agreement between Enron North America Corp. and Quadra Energy Trading Ltd. Please note that the actual Master Agreement and Credit Support Annex are preprinted forms from ISDA and cannot be sent electronically. Therefore, I am also sending you the entire package via overnight delivery. If you have any questions, please call me at the below number or Brent Hendry, Senior Counsel, at 713-853-7124. We look forward to hearing your comments. <<163ctr(quadra).doc>> Stephanie Panus Enron North America Corp. 1400 Smith Street, EB3803C Houston, Texas 77002 ph: 713.345.3249 fax: 713.646.3490 email: stephanie.panus@enron.com