Subject: FW: LC's and Collateral
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Tue, 11 Dec 2001 13:08:32 -0800 (PST)

There are a handful of counterparties that have posted LC's with us that expire in december (some this week).  What can we do if anything?  If these relate to ISDA's might they have an obligation to renew since we are inside the 20 day period? 

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
[email-masked]

 -----Original Message-----
From: 	Brackett, Debbie R.  
Sent:	Monday, December  10, 2001 4:38 PM
To:	St. Clair, Carol
Subject:	RE: LC's and Collateral

Carol,

This file represents in and out collateral, cash, LC, sureties and securities. The Onicas are still trying to reconcile the cash position with acctng and is subject to correction.
I've sent you a margin report via interoffice mail....the downloaded file is pretty messy.

Let me know if you need anything else.

Thanks

 -----Original Message-----
From: 	St. Clair, Carol  
Sent:	Monday, December 10, 2001 10:53 AM
To:	Brackett, Debbie R.; Rohauer, Tanya
Cc:	Shackleton, Sara; Panus, Stephanie; Bailey, Susan
Subject:	LC's and Collateral

Debbie and/or Tanya:
Could you please send me an updated list of LC's that we have posted and that have been posted to us.  Also, could you please send me a margin report that sets forth margin posted to and from our trading counterparties?  We will be beginning the process of responding to termination letters and this information will be helpful to us.  Thanks.

Susan and Stephanie:
For the global chart please set up a column for margin as we need to track margin that we have posted and margin that has been posted to us.
Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
[email-masked]