Message-ID: <32790790.1075859536727.JavaMail.evans@thyme> Date: Tue, 19 Sep 2000 04:43:00 -0700 (PDT) From: mark.haedicke@enron.com To: mark.taylor@enron.com, jeffrey.hodge@enron.com, elizabeth.sager@enron.com, mark.evans@enron.com, paul.simons@enron.com, justin.boyd@enron.com Subject: Single Master Agreement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mark E Haedicke X-To: Mark Taylor, Jeffrey T Hodge, Elizabeth Sager, Mark Evans, Paul Simons, Justin Boyd X-cc: X-bcc: X-Folder: \Elizabeth_Sager_Dec2000\Notes Folders\Notes inbox X-Origin: Sager-E X-FileName: esager.nsf Please see below from ISDA. Do we ever want to go to using the ISDA for physical and financial deals? Should this be a long range plan? Mark ----- Forwarded by Mark E Haedicke/HOU/ECT on 09/19/2000 11:38 AM ----- Robert Pickel 09/19/2000 08:06 AM To: ISDA BOARD cc: Angela Papesch , Kimberly Summe , Nick Collier , Ruth Ainslie , Shigeki Kawano Subject: Single Master Agreement As we discussed at the Board meeting last week, the impetus for a single master agreement will need to come from several fronts, but especially from within each of your firms. The various trade associations will be most responsive to the idea if they are hearing strong support for a single agreement from decision-making levels within member firms. We will separately continue or commence a dialogue with the trade associations that sponsor various agreements or are active in the areas of the financial products that would be covered by such an agreement. The trade associations we have identified as likely to be important to this project are the following: Securities Industry Association (US) The Bond Market Association (US) International Securities Market Association (principally Europe) European Banking Federation (Europe) The Foreign Exchange Committee (NY, London, Tokyo) Emerging Markets Traders Association The following associations may also be helpful to the process: Australian Financial Markets Association British Bankers Association Japan Securities Dealers Association Canadian Bankers Association International Primary Markets Association (London-based) ACI (The Foreign Exchange Association)(Paris-based)_ If your firm is active in any of these organizations, we encourage you to discuss as soon as possible with your representative within that organization the need to support the development of a single agreement for financial products and urge them to express their support to the associations. If it would be useful to share with them the thoughts in my memorandum to the board, please feel free to do so. I have attached an edited version which deletes the last couple of sections on my discussions with the BMA, the Russo-Carlin group, Ernie Patrikis's letter and possible approaches for ISDA. I will try to contact each of you over the course of the next week to get your feedback. In the meantime, if you have any questions, please do not hesitate to email me or call me (212-332-2554) Bob - SAFT.doc