Message-ID: <21669611.1075842092789.JavaMail.evans@thyme> Date: Mon, 22 May 2000 03:43:00 -0700 (PDT) From: carol.clair@enron.com To: sara.shackleton@enron.com Subject: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Carol St Clair X-To: Sara Shackleton X-cc: X-bcc: X-Folder: \Carol_StClair_Dec2000_1\Notes Folders\All documents X-Origin: STCLAIR-C X-FileName: cstclai.nsf Sara: FYI. Can we talk about this? Carol ----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 10:43 AM ----- Susan Bailey 05/22/2000 09:54 AM To: Carol St Clair/HOU/ECT@ECT cc: Subject: Carol, Set forth below are the form issues: I. Schedule to Master Agreement A. Credit: 1. Footnote #6 - do we want to include the additional sentence under Part 1(b) for cross default when ENA's/ECC's counterparty is a financial institution, particular one which is a credit institution of Enron Corp.? 2. Footnote #18 -- how do we handle the 125% exposure issue in the additional event of default section? 3. Discuss with Rod Nelson as to online matters involving hedge funds. B. Legal: 1. Carol/Sara to visit with Mark Taylor and/or David Mitchell regarding Foonote #50 (Trade Option Exemption representation for ECC deals and/or Canadian counterparties). 2. Carol/Sara to visit with Greg Johnston regarding Footnotes #52 (Canadian Securities Acts) and any other ECC/Canadian matters. 3. Carol to provide language as to securing Enron Corp. financials thru the website. 4. Sara to check Footnote #54 regarding the representation as to "Termination Payments" for governmental counterparties. II. Paragraph 13 to the Credit Support Annex A. Credit: 1. Paragraph 13(iv)(C) -- should the "Minimum Transfer Amount" be $0 ? 2. Paragraph 13(c)(iv) -- should the "Notification Time" be 9:00am (Houston time)? 3. Prepare list of non-standard credit ratings definition for use by Legal. B. Legal: 1. Paragraph 13(f)(iv) -- Carol/Sara to discuss with Mark this pulp & paper provision. 2. Carol to rework language used for the MAC definition of "PV15 of PDP". 3. Exhibit A to Paragraph 13 of Annex A -- Carol/Sara to discuss with Mark provision (f). 4. Schedule 1 (L/C form) Carol to provide updated language. The approved form changes are now being made and will be distributed by mid-day today. Let me know if have neglected to include anything. Susan