Message-ID: <6780102.1075854924940.JavaMail.evans@thyme> Date: Thu, 23 Aug 2001 06:54:58 -0700 (PDT) From: marie.heard@enron.com To: susan.bailey@enron.com Subject: FW: Draft ISDA Master Agreement between Enron Corporation and Fir st Union National Bank Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Heard, Marie X-To: Bailey, Susan X-cc: X-bcc: X-Folder: \MHEARD (Non-Privileged)\Heard, Marie\Sent Items X-Origin: Heard-M X-FileName: MHEARD (Non-Privileged).pst Susan: Sara received this e-mail from First Union regarding the ISDA with Enron Corp. Per Lotus Notes, you are working with Sara on this. Is this something you can handle, or should it wait until Sara returns? Thanks! Marie -----Original Message----- From: Rozycki, Joanne Sent: Thursday, August 23, 2001 8:21 AM To: Heard, Marie Subject: FW: Draft ISDA Master Agreement between Enron Corporation and Fir st Union National Bank Marie, this looks like a response is necessary. -----Original Message----- From: "Suchdev, Vijay" @ENRON [mailto:IMCEANOTES-+22Suchdev+2C+20Vijay+22+20+3CVijay+2ESuchdev+40funb+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, August 22, 2001 1:55 PM To: Shackleton, Sara Subject: RE: Draft ISDA Master Agreement between Enron Corporation and Fir st Union National Bank First Union Securities, Inc. Sara, Yes. I explained your view on the CSA to our Credit department. They're still eager to put a bilateral CSA in place. We believe it is mutually beneficial as the credit lines would not be exhausted too soon if we could set up a mark-to-market collateral arrangement between the parties. Could you please reconsider. Have you considered the removal of the arbitration provision? Vijay -----Original Message----- From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com] Sent: Wednesday, August 22, 2001 2:42 PM To: Vijay.Suchdev@funb.com Subject: RE: Draft ISDA Master Agreement between Enron Corporation and First U nion National Bank You were going to check with your credit group. Do you have a response (re: CSA)? Sara -----Original Message----- From: "Suchdev, Vijay" @ENRON [mailto:IMCEANOTES-+22Suchdev+2C+20Vijay+22+20+3CVijay+2ESuchdev+40funb+2Eco m+3E+40ENRON@ENRON.com] Sent: Wednesday, August 22, 2001 1:34 PM To: Shackleton, Sara Subject: Draft ISDA Master Agreement between Enron Corporation and First U nion National Bank First Union Securities, Inc. Hi Sara, I just wanted to follow up on our discussion of the draft ISDA last week. When you're back in the office and you have a moment, could you please give me a call. Thanks and regards, Vijay K. Suchdev Vice President Equity Derivatives First Union Securities, Inc. Telephone: (212) 909-0951 Facsimile: (212) 891-5042 email: vijay.suchdev@funb.com This is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments mentioned. The information has been obtained or derived from sources believed by us to be reliable, but we do not represent that it is accurate or complete. Any opinions or estimates contained in this information constitute our judgement as of this date and are subject to change without notice. First Union Securities, Inc. (FUSI), or its affiliates may provide advice or may from time to time acquire, hold or sell a position in the securities mentioned herein. FUSI is a subsidiary of First Union Corporation and is a member of the NYSE, NASD and SIPC. FUSI is a separate and distinct entity from its affiliated banks and thrifts. ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** This is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments mentioned. The information has been obtained or derived from sources believed by us to be reliable, but we do not represent that it is accurate or complete. Any opinions or estimates contained in this information constitute our judgement as of this date and are subject to change without notice. First Union Securities, Inc. (FUSI), or its affiliates may provide advice or may from time to time acquire, hold or sell a position in the securities mentioned herein. FUSI is a subsidiary of First Union Corporation and is a member of the NYSE, NASD and SIPC. FUSI is a separate and distinct entity from its affiliated banks and thrifts.