Message-ID: <30987519.1075844825482.JavaMail.evans@thyme> Date: Mon, 12 Feb 2001 09:37:00 -0800 (PST) From: marcelo_cosma@ml.com To: sara.shackleton@enron.com Subject: RE: repo agreement with Enron North America Corp. Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Cosma, Marcelo (Toronto-BCE)" X-To: "'Sara.Shackleton@enron.com'" X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Sara: In terms of time references, the convention in Canada is that all time references are to Toronto time. In addition, with respect to defaults, the Canadian practice (including Merrill Lynch Canada's) as to fails on the initial delivery will depend on the duration of the trade. For long dated trades, the trade will be revised to reflect the original duration less the delay for the initial delivery. For short dated trades, payment will be made as if the securities had been delivered. If you require additional information, please contact me. Regards, Marcelo A. Cosma Office of General Counsel--Canada Tel.: 1-416-369-7478 Fax: 1-416-369-4551 E-mail: marcelo_cosma@ca.ml.com This email message is intended for the addressee only. It may contain information which is privileged, confidential or exempt from disclosure under applicable law. Any dissemination or copying of this email message by anyone other than the addressee is strictly prohibited. -----Original Message----- From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com] Sent: Monday, February 12, 2001 11:57 AM To: marcelo_cosma@ca.ml.com Subject: repo agreement with Enron North America Corp. Marcelo: Just checking to see if you had any information for me (default, time zone). Regards. 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