Message-ID: <20238683.1075858818077.JavaMail.evans@thyme> Date: Tue, 16 Oct 2001 15:31:49 -0700 (PDT) From: sheila.glover@enron.com To: sara.shackleton@enron.com Subject: RE: Deutsche Banc Alex. Brown Futures Agreement Cc: frank.cernosek@enron.com, shane.dallmann@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: frank.cernosek@enron.com, shane.dallmann@enron.com X-From: Glover, Sheila X-To: Shackleton, Sara X-cc: Cernosek Jr., Frank , Dallmann, Shane X-bcc: X-Folder: \SSHACKL (Non-Privileged)\Shackleton, Sara\Inbox X-Origin: Shackleton-S X-FileName: SSHACKL (Non-Privileged).pst Sara, Shane and I are okay with: 1 okay 2 okay 3 okay. we have schedule and are okay with it. It is competitive with other Futures clearing charges. 4 okay, we do not do external position reporting 5 Does Metals, Enron Metals Limited, qualify as an FCM? There was some talk about using metals as a futures clearer for GAs so it may be. They cleared our Softs trading for Agri on LIFFE in the uk. 6 okay for trader change notification 7 I have a call into Frank Cernosek, Financial Operations. 5 days from receipt on monthly statement sounds very restrictive. Sara, Is this consistant with other futures agreements? Thanks, Sheila -----Original Message----- From: Shackleton, Sara Sent: Tuesday, October 16, 2001 1:36 PM To: Glover, Sheila Subject: Deutsche Banc Alex. Brown Futures Agreement Sheila: Just a few notes from the Agreement: (1) Par. 2(d) - DBAB will use its "reasonable judgment" to value securities or other assets posted as margin (2) Par. 2(e) - DBAB will use its then current rates of exchange for any currency conversions (probably not applicable to ENA) (3) Par. 3 - Have we agreed to commissions and brokerage charges? These are to be agreed "from time to time" (4) Par. 5 - Position Limits: ENA must promptly notify DBAB if ENA is required to file position reports. Can you explain, please? (5) Par. 7(b) - Not sure why we're being asked to make this rep. What is ENA's relationship to the Enron FCM these days? (6) Par. 9(a) - Trader changes binding on DBAB upon receipt of written confirmation (7) Par. 9(d) - verify binding nature of trades Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713) 646-3490