Message-ID: <2813108.1075844808776.JavaMail.evans@thyme> Date: Wed, 28 Mar 2001 01:01:00 -0800 (PST) From: susan.bailey@enron.com To: martin.rosell@enron.com Subject: Re: Commodity Futures Modernization Act ("the Act") Cc: sara.shackleton@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: sara.shackleton@enron.com X-From: Susan Bailey X-To: Martin Rosell X-cc: Sara Shackleton X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Martin, Sara asked that I furnish you with a copy of our "newly revised" Schedule to the ISDA Master Agreement. This document includes under Part 5 the new reps as a result of the changes to the Act. For your convenience, if you have access to Houston's "o" drive you can access any of our swap forms by following path set forth below: O:\Legal\ATTY.FMS\SWAPFORMS Hope this helps. Cordially, Susan S. Bailey Enron North America Corp. 1400 Smith Street, Suite 3806A Houston, Texas 77002 Phone: (713) 853-4737 Fax: (713) 646-3490 E:mail: Susan.Bailey@enron.com ----- Forwarded by Susan Bailey/HOU/ECT on 03/28/2001 08:53 AM ----- Sara Shackleton 03/28/2001 08:34 AM To: Susan Bailey/HOU/ECT@ECT cc: Subject: Re: Commodity Futures Modernization Act ("the Act") Susan: Put this on your list (it is not urgent). Please send to Martin Rosell or advise him of the location of ENA's revised ISDA Schedule. Thanks. 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 ----- Forwarded by Sara Shackleton/HOU/ECT on 03/28/2001 08:33 AM ----- Martin Rosell 03/28/2001 01:27 AM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Re: Commodity Futures Modernization Act ("the Act") Sara, tks for your swift response. I'll follow up with Mark E. on the memos, but would very much like to see the new "eligible contract participant" and line of business reps (or perhaps just a copy of ENA's revised ISDA Schedule). Tks FYI, I won't come to San Antonio; hope instead to see you at the autumn conference. Martin ---------------------- Forwarded by Martin Rosell/OSL/ECT on 28/03/2001 09:23 --------------------------- From: Sara Shackleton on 27/03/2001 11:29 CDT To: Martin Rosell/OSL/ECT@ECT cc: Mark Evans/Legal/LON/ECT@ECT Subject: Re: Commodity Futures Modernization Act ("the Act") Martin: further to my earlier email, the U.S. changes (relating to the Act) were previously sent to the attention of Mark Evans for the appropriate distribution. 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 ----- Forwarded by Sara Shackleton/HOU/ECT on 03/27/2001 10:27 AM ----- Sara Shackleton 03/27/2001 09:05 AM To: Martin Rosell/OSL/ECT cc: Subject: Re: Commodity Futures Modernization Act Martin: How are things going? In response to your question, there is no internal memo but we do have copies of external lawfirm memoranda. Yes, ENA has changed its ISDA Schedule form to provide for the "eligible contract participant" rep and line of business. I'll verify with Susan Bailey as to whether these changes have been subnitted to ECTRIC. Rather than bombard you with lots of paper, please let me know what you would lilke to see regarding the new legislation. Please note that the act is very broad, extremely confusing (even to CFTC "know-it alls") and addresses many types of derivatives (ag, equity, etc.) with some specificity. Will you be in San Antonio? 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 Martin Rosell 03/27/2001 08:57 AM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Commodity Futures Modernization Act Hi Sara Can you shed any light on the issues below? Martin ---------------------- Forwarded by Martin Rosell/OSL/ECT on 27/03/2001 16:56 --------------------------- Martin Rosell 18/03/2001 16:58 To: Elizabeth Sager/HOU/ECT@ECT cc: Subject: Commodity Futures Modernization Act Elisabeth: I read an article in a law magazine about the captioned Act and it was, among other things, stated therein that CFTC under the Act had been deprived of its jurisdiction over swaps (other than those related to agricultural products) made by eligible contracts participants. Since the Oslo office trades through ECTRIC, I wonder whether this new piece of legislation has an impact on our standard reps relating to the "trade options exemption" and as to the parties being "eligible swap participants" (are they still required)? Is there any internal memo yet prepared on the Act and its implications? Martin