Message-ID: <23641050.1075844581588.JavaMail.evans@thyme>
Date: Tue, 17 Apr 2001 07:26:00 -0700 (PDT)
From: caroline.abramo@enron.com
To: mog.heu@enron.com, russell.dyk@enron.com, stephen.plauche@enron.com, 
	robyn.zivic@enron.com
Subject: DKR Capital deal..
Cc: paul.radous@enron.com, carol.clair@enron.com, sara.shackleton@enron.com
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Paul- we went ahead and did the deal with DKR:

They bought WTI at $25.67and sold NYH 1% at $22.57
Net spread= $3.10
CY02
25 contract per month= 300,000 bbls in total.

I have requested 50K of initial margin on the deal.

In terms of the deemed ISDA, we agreed to Paul's termination clauses with the 
amendment.

change 3 to ...NAV exceeds 3 to 1
change 4 to ....$30MM and $150MM, respectively.


Carol- as soon as you can get out the deemed ISDA , I'll let my back office 
know..
Please call me with questions,
Caroline
212 702 3910