Message-ID: <31507829.1075858588962.JavaMail.evans@thyme> Date: Wed, 11 Jul 2001 15:35:18 -0700 (PDT) From: scarey@isda.org To: james'.'powell@enron.com, d'hulster.katia@enron.com, carey.stacy@enron.com, carey.stacy@enron.com, ainslie.ruth@enron.com, e..haedicke@enron.com, legal <.taylor@enron.com> Subject: Documentation Issues in the UK Gas and Power Markets Cc: rpickel@isda.org, ejelich@isda.org Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: rpickel@isda.org, ejelich@isda.org X-From: Stacy Carey @ENRON X-To: 'Powell, James' , Katia d'Hulster , Stacy Carey , 'rita.Pearson-Schwandt@rwetrading.com', Willis, Bernadette , 'Christophe.Chassard@rwetrading.com', Peter Werner , Stacy Carey , Ruth Ainslie , Haedicke, Mark E. , Taylor, Mark E (Legal) X-cc: Robert Pickel , Emily Jelich X-bcc: X-Folder: \MTAYLO1 (Non-Privileged)\Taylor, Mark E (Legal)\Archive\2001/07 X-Origin: Taylor-M X-FileName: MTAYLO1 (Non-Privileged).pst Hello all - Following-up on our previous conversation on June 25, we would like to schedule a call on July 18th to further discuss how to solve documentation issues in the UK gas and power markets. As Katia is on holiday, would you let me know of your availability on the 18th for a 10:00 a.m.(NY)/3:00 p.m. (London) meeting. We will arrange the call from ISDA's NY offices. Our last conversation ended on the possibility of developing a master master agreement for use with various energy agreements, however, there is some concern that this might not be the best approach to close the documentation gap in the UK. We are very interested in trying to find a solution to the problem. At this juncture, the goal appears to be to develop documentation for the UK gas and power markets that: 1) can be used with various energy agreements (masters & stand-alone) 2)is amenable to non-ISDA members and supported by bigger players, 3) accommodates physical and financial trades. (Please let me know if there is anything to add. To that end, it would be helpful to explore additional solutions on next week's call. Many thanks! Stacy Carey Policy Director International Swaps and Derivatives Association 600 5th Avenue, 27th Floor Rockefeller Center New York, NY 10020 (212) 332-1202 ph (212) 332-1212 fax (917) 543-9622 cell scarey@isda.org -----Original Message----- From: Powell, James [mailto:James.Powell@gs.com] Sent: Tuesday, July 10, 2001 6:09 PM To: 'Katia D'Hulster'; Stacy Carey Cc: 'rita.Pearson-Schwandt@rwetrading.com'; Willis, Bernadette Subject: RE: UK Gas Katia, I was wondering when we were going to have the follow up meeting. Has a date been agreed? -----Original Message----- From: Katia D'Hulster [mailto:kdhulster@ISDA-EUR.ORG] Sent: 02 July 2001 15:01 To: Powell, James; 'christophe.chassard@rwetrading.com'; 'rita.Pearson-Schwandt@rwetrading.com' Cc: Stacy Carey; Ruth Ainslie; John Berry; Peter Werner Subject: RE: UK Gas Thank you, James. Ruth, Stacey, John and myself had some further discussion regarding our meeting of last week. As agreed, we will hold another call with yourself, Bernadette, Rita and Christophe in order to discuss how to take this further. I understand that Bernadette is out of the office until the end of this week. Could we arrange a call for the week of 9 July? Would that be OK for all of you? Another question, I spoke with Bernadette last week and she said she had some written comments on the EMP regime. Could you please forward these to me, as I am currently drafting the response to the FSA consultative paper. Thank you in advance, Katia -----Original Message----- From: Powell, James [mailto:James.Powell@gs.com] Sent: 02 July 2001 14:47 To: 'kdhulster@isda-eur.org' Cc: 'Rita.Pearson-Schwandt@rwetrading.com' Subject: RE: UK Gas Katja, following our meeting, as agreed, here is a list of five entities whose support may well assist any documentation initiative in the UK gas market sponsored by ISDA. I have not listed the power entities as the power documentation (i.e. the GTMA) seems to be well established. Please let me know if you need any further details. Perhaps you also let us know whether you want us to call any of these entities to foreshadow your call to them. Many thanks. Paul Simons Enron Tel: 020 7783 6566 psimons@enron.com Simon Smith TXU Tel: 01473 553 619 simon.smith@txu-europe.com Simon Woods TotalFinaElf Tel: 020 7318 6866 Fax: 020 7318 6726 Mobile: 07802 567431 Eldon Pethybridge Accord Energy Eldon.Pethybridge@accord.co.uk Lynne Shaw BP Tel: 0207 496 4000 (switchboard) shawLL@BP.com