Message-ID: <30700007.1075845047622.JavaMail.evans@thyme> Date: Fri, 26 May 2000 06:15:00 -0700 (PDT) From: mark.haedicke@enron.com To: paul.simons@enron.com Subject: Re: ISDA - Cross Default Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mark E Haedicke X-To: Paul Simons X-cc: X-bcc: X-Folder: \Mark_Haedicke_Oct2001\Notes Folders\Sent X-Origin: HAEDICKE-M X-FileName: mhaedic.nsf That is a very interesting question. I think we would eventually want to include derivatives in the cross default trigger because of their significance. However, since we often have the far larger derivative position, it would seem at least now, this would more often work against us. Mark Haedicke