Message-ID: <625887.1075844809915.JavaMail.evans@thyme> Date: Fri, 23 Mar 2001 02:10:00 -0800 (PST) From: sheila.glover@enron.com To: sara.shackleton@enron.com Subject: Re: Brokerage rates (J.P. Morgan Futures) Cc: theresa.brogan@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: theresa.brogan@enron.com X-From: Sheila Glover X-To: Sara Shackleton X-cc: Theresa T Brogan X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Sara, This means the agreement is done and executed? Thanks. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/23/2001 09:58 AM --------------------------- From: Sara Shackleton on 03/23/2001 09:58 AM CST To: Sheila Glover/HOU/ECT@ECT cc: Subject: Re: Brokerage rates (J.P. Morgan Futures) 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 03/23/2001 09:58 AM ----- Sara Shackleton 03/23/2001 09:57 AM To: Sara Shackleton/HOU/ECT cc: Subject: Re: Brokerage rates (J.P. Morgan Futures) Sheila: Thanks for the message. I spoke with Mike Schneider (who contacted me - he's at 212-648-1164) to confirm our agreement and wanted to let you know that he was apologetic for having not having "better rates" to charge ENA. He said he's been after Enron's business for some time and hopes to reduce rates in the course of business, if possible. I thought you might want to have this bit of information. Regards. Sara 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 Sheila Glover 03/20/2001 05:13 AM To: Sara Shackleton/HOU/ECT@ECT cc: Theresa T Brogan/HOU/ECT@ECT Subject: Brokerage Rates Sara, We are okay on the rate schedule as it stands. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 05:04 AM --------------------------- From: Sheila Glover 03/20/2001 11:12 AM To: Theresa T Brogan/HOU/ECT@ECT, Greg Whiting/Corp/Enron cc: Pushkar Shahi/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT Subject: Brokerage Rates Theresa and Greg, The rates from JP Morgan for the Futures account appear to be competitive (acutally better) than the terms for our other current agreements. With 90 day t bill at 4.41%, 90% of this is 3.969% on the credit side vs 4.16 using JP morgan's less 25 bp. On the debit side it is competitive. Therefore, I am okay with the rate schedule from JP morgan and we can go ahead unless anyone can see an objection. Thanks. Sheila ---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 04:59 AM --------------------------- From: Theresa T Brogan 03/19/2001 10:12 PM To: Sheila Glover/HOU/ECT@ECT cc: Subject: Brokerage Rates Sheila, Below is the information I received from Joe Hunter's group regarding funding rates for some of the exchange brokers. For comparison JP Morgan's Futures funding rates are: Credit rate Debit rate US Dollars 90 day US TBill auction rate less 0.25% JP Morgan Overnight Borrowing Rate plus 0.25 % TB ---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 03/19/2001 03:47 PM --------------------------- Jason Fischer@ENRON 03/19/2001 03:09 PM To: Theresa T Brogan/HOU/ECT@ECT cc: Larry Joe Hunter/HOU/ECT@ECT Subject: Brokerage Rates CREDIT RATE DEBIT RATE BNP Paribas 90% of 90 day T-Bill rate They loan Enron the money with no interest cost. ED&F MANN 100% of 90 day T-Bill rate 150 Basis points over fed fund rate REVCO 90% of the 30 Day T-Bill rate 1% over Prime Rate