Message-ID: <19007604.1075852287844.JavaMail.evans@thyme> Date: Thu, 7 Jun 2001 17:31:00 -0700 (PDT) From: elizabeth.sager@enron.com To: paul_puchot@enron.net, mary.cook@enron.com Subject: Re: Master netting agreement Cc: elizabeth.sager@enron.com, steven_mccarrel@enronxgate.enron.net Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: elizabeth.sager@enron.com, steven_mccarrel@enronxgate.enron.net X-From: Elizabeth Sager X-To: Paul_Puchot@enron.net , Mary Cook X-cc: elizabeth.sager , Steven_McCarrel X-bcc: X-Folder: \ESAGER (Non-Privileged)\Sent Items X-Origin: SAGER-E X-FileName: ESAGER (Non-Privileged).pst By copy of this email, I am asking Mary Cook to send to you a draft of the latest form of MNA. This MNA , I believe, is still a work in progress and is intended to include only Master Agreements for which we are comfortable that the underlying transactions are commodities subject to the special bankruptcy code protections. Hope it helps. Paul_Puchot@enron.net 06/07/2001 11:28 AM To: elizabeth.sager@enron.com cc: Steven_McCarrel@enronxgate.enron.net Subject: Master netting agreement Elizabeth, We are working on a settlement transaction which will leave a variety of relationships in place with a group of financially troubled companies. We'd been negotiating a netting agreement, and after you spoke to our group, it occurred to us that we ought to take a look at your netting agreements for potential use in our transaction. Could you please forward an example of one to me? We would be netting with multiple parties on both sides, so it will be a "rectangular" netting arrangement, if I recall your descriptive terminology correctly. Thanks much. Paul Puchot