Message-ID: <11821858.1075844788659.JavaMail.evans@thyme> Date: Wed, 30 May 2001 12:21:00 -0700 (PDT) From: alan.aronowitz@enron.com To: sheila.glover@enron.com Subject: Re: Foreign Listed Equity Options - GS update Cc: john.greene@enron.com, robert.bruce@enron.com, sara.shackleton@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: john.greene@enron.com, robert.bruce@enron.com, sara.shackleton@enron.com X-From: Alan Aronowitz X-To: Sheila Glover X-cc: John Greene, Robert Bruce, Sara Shackleton X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf I understand Sara is running with this one. Alan Sheila Glover 05/30/2001 10:11 AM To: Sara Shackleton/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron cc: John Greene/Enron@EUEnronXGate Subject: Foreign Listed Equity Options - GS update Sara, Alan and Robert, Who is the appropriate legal person to review this item? Thanks. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/30/2001 10:09 AM --------------------------- From: Sheila Glover 05/24/2001 10:37 AM To: John Greene/Enron@EUEnronXGate, David J Vitrella/Enron@EnronXGate, Selena Gonzalez/Enron@EnronXGate, Gary Hickerson/Enron@EnronXGate, John Weakly/Enron@EnronXGate, Mark Schlueter/Enron@EnronXGate cc: Aneela Charania/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Donna Lowry/Enron@EnronXGate, Lance Schuler-Legal/Enron@EnronXGate Subject: Foreign Listed Equity Options - GS update I spoke with Kara Saxon and Margo Topman, Goldman Sachs Legal, 212-902-9982. Per our conversation .... Foreign Listed Equity Options are considered Unseasoned securities because they are issued on the date purchased and not widely held (from U.S. point of view). GS has reviewed our ability to trade Foreign Listed Equity Options vis-a-vis REG S. Goldman says that we can execute from our London Office (not from States) Foreign Listed Equity Options. We can settle and hold with our current account, documentation and legal structure with Goldman Sachs. Margo said that there is some risk but they do not think it is large. She suggested we do a follow-up with our Securities counsel. Sheila Sara, Can we run this by someone? Margo offered herself as a contact if we need more infomation. Thanks. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/24/2001 09:25 AM --------------------------- From: Sheila Glover 05/23/2001 02:00 PM To: John Greene/Enron@EUEnronXGate, David J Vitrella/Enron@EnronXGate, Selena Gonzalez/Enron@EnronXGate, Gary Hickerson/Enron@EnronXGate cc: Aneela Charania/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Donna Lowry/Enron@EnronXGate, Lance Shuler/ENRON@enronxgate Subject: Foreign Listed Equity Options Goldman Sachs has given us the go-ahead to do Foreign Listed Equity Options. Kara Saxon at Goldman called me today and will follow-up with an e-mail. Goldman Sachs legal has said that we can trade as we currently do as ECT Investments, Inc. This includes the whole European market. I asked her to check on Canadian and Australian. I will forward Kara's e-mail tomorrow. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/23/2001 01:53 PM --------------------------- "Saxon, Kara" on 05/23/2001 12:52:28 PM To: "'Sheila.Glover@enron.com'" cc: Subject: RE: FW: Enron North America Sheila- I promise I will send you that email tomorrow am. I got tied up and I have to get going. Kara -----Original Message----- From: Sheila.Glover@enron.com [mailto:Sheila.Glover@enron.com] Sent: Tuesday, May 22, 2001 9:47 AM To: kara.saxon@gs.com Cc: John.Greene@enron.com Subject: RE: FW: Enron North America Kara, Thanks for following up on this important ability for us.. Sheila "Saxon, Kara" on 05/22/2001 08:32:02 AM To: "'Sheila.Glover@enron.com'" cc: Subject: RE: FW: Enron North America Legal and compliance have made progress. They have promised to get back to me by Wednesday or Thursday. I will give you a call as soon as I get the good word. Thanks, Kara -----Original Message----- From: Sheila.Glover@enron.com [mailto:Sheila.Glover@enron.com] Sent: Friday, May 18, 2001 10:00 AM To: kara.saxon@gs.com Subject: RE: FW: Enron North America Kara, Any progress on the European Listed Options? Thanks. Sheila "Saxon, Kara" on 05/14/2001 11:34:20 AM To: "'Sheila.Glover@enron.com'" cc: Theresa.T.Brogan@enron.com Subject: RE: FW: Enron North America Sheila- I just left you a voicemail. My 2 follow up questions on the European listed options are: What is the title of the person in London who would be making the investment decisions doe Enron? Does Enron have any foreign subsidiaries? Thanks, Kara -----Original Message----- From: Sheila.Glover@enron.com [mailto:Sheila.Glover@enron.com] Sent: Wednesday, May 02, 2001 2:34 PM To: kara.saxon@gs.com Cc: Theresa.T.Brogan@enron.com Subject: Re: FW: Enron North America yes, European listed. sg "Saxon, Kara" on 05/02/2001 01:27:45 PM To: "'Sheila Glover'" cc: Subject: FW: Enron North America Sheila- You are interested in trading European listed options and not OTC Euro options - correct? Thanks, Kara > -----Original Message----- > From: Anthony, John P > Sent: Wednesday, May 02, 2001 1:10 PM > To: Saxon, Kara; Bradley, Oonagh; Veasey, Andrew T; Morris, Damian; > Breckenridge, Jonathan E. > Cc: Dunn, Jeremy; Threlfall, Tom; Arens, Joseph; Sibeud, Eugenie B; > Brogard, Yves-Francois; Oreilly, Cathy; Hobson, Carol > Subject: RE: Enron North America > > not sure i have all the facts straight here but here are my thoughts- > 1) US funds with US investment mgr would not be permitted to have a > direct relationship with GSI for European Listed Options. > 2) They may be able to deal with GSI on an agency basis, but i would > think the product would be an OTC Euro Option. > > Is this any help? i am cc Legal in London and NY in case they have a > different view. >