Message-ID: <31698020.1075853641387.JavaMail.evans@thyme> Date: Tue, 20 Feb 2001 02:39:00 -0800 (PST) From: carol.clair@enron.com To: sara.shackleton@enron.com Subject: Re: updated credit luncheon discussion list Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Carol St Clair X-To: Sara Shackleton X-cc: X-bcc: X-Folder: \Sara_Shackleton_Nov2001\Notes Folders\Carol stclair X-Origin: Shackleton-S X-FileName: sshackle.nsf Sara: Just a few additional thoughts on this list as possible topics: 1. credit event upon merger - seems like more counterparties want to define the "materially weaker" standard. Alos, I'm wondering how credit monitors mergers in general. 2. additional termination events - when does credit consider additional events like change of control, MAC, chnages to partnership agreement or structure etc. 3. minimum transfer amount - how it works and how it is different from the threshold 4. threshold amount - what triggers makes it reduce to zero 5. enforcement of collateral remedies - going over the timetable for enforcing our remedies when a counterparty fails to post and the different cure periods. 6. letter of credit bank qualifications - confirming with credit that these are still current 7. cash collateral in Canada Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com Sara Shackleton 02/20/2001 09:47 AM To: Carol St Clair/HOU/ECT@ECT cc: Subject: updated credit luncheon discussion list Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com