Message-ID: <3378262.1075844928110.JavaMail.evans@thyme> Date: Thu, 24 May 2001 09:24:00 -0700 (PDT) From: sara.shackleton@enron.com To: susan.bailey@enron.com Subject: Re: Enron Teeside Operating Limited ("ETOL") Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sara Shackleton X-To: Susan Bailey X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Sent X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Please assign (it's RMT) and we're waiting to book a trade - See me, it's easier. 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 05/24/2001 04:23 PM ----- Karolina Moran 05/24/2001 12:42 PM To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT cc: Rod Nelson/LON/ECT@ECT Subject: Re: Enron Teeside Operating Limited ("ETOL") Sara/Mary, I very much appologise for taking some time with regards to a reply on the credit issues for the ISDA. With regards to your question on whether ETOL is prohibited from entering into Swaps with other parties - I actually do not have the answer to that question so I cannot comment on that. I have looked at the documents and I would like to in as much as possible replicate the terms we have with ETOL in the ECT ISDA. I cannot see any reason not to go with the same structure as we have in that ISDA. We will provide an Enron Corp guarantee in favour of ETOL as well as have a $50M collateral threshold (like in the previos ISDA). I further assume that we should roll up any outstanding ISDA confirmations with this counterparty under this ISDA. With regards to the cap on the Enron guarantee - this is set as 10,000,000 for the previous ISDA. Again here I think we can go for the same amount. Please give me a call if you have any questions and we can discuss, Kind Regards, karolina From: Sara Shackleton on 17/05/2001 15:44 CDT To: Rod Nelson/LON/ECT@ECT, Karolina Moran/LON/ECT@ECT cc: Rhett Jackson/Enron@EnronXGate Subject: Re: Enron Teeside Operating Limited ("ETOL") FYI 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 05/17/2001 03:43 PM ----- Jorge A Garcia@ENRON 05/17/2001 03:26 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Re: Enron Teeside Operating Limited ("ETOL") Good Afternoon Sara, I have had an opportunity to review this counterparty and have the following information for you. Here is a list of the current trades (Interest Rate Swaps) for ETOL. I am attaching the only confirmation that was created and amended for ETOL. It is in the name of RMT. Please call or e-mail me should you require any additional information. Regards, Jorge From: Sara Shackleton@ECT on 05/17/2001 02:51 PM To: Susan Bailey/HOU/ECT@ECT, Rod Nelson/LON/ECT@ECT cc: Karolina Moran/LON/ECT@ECT, Jorge A Garcia/NA/Enron@Enron, Rhett Jackson/Enron@EnronXGate Subject: Enron Teeside Operating Limited ("ETOL") Susan: Rod or Karolina will prepare a credit worksheet for an ISDA Master Agreement between ETOL and RMT. Jorge has a 3-year rate swap awaiting documentation. Rod/Karolina: Is there any reason to not use RMT? Is an ETOL sell-off imminent? If so, would it be in the near term? Rhett: If an ETOL sell-off (in whole or part) is imminent, should the deal be booked in ENA rather than RMT? Jorge: The transaction confirm should be an ISDA format. Also, please verify whether any ETOL deals are on ENA/RMT books and the remaining terms 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