Message-ID: <32816389.1075858613739.JavaMail.evans@thyme> Date: Mon, 1 Oct 2001 07:06:05 -0700 (PDT) From: suzanne.ferlic@enron.com To: legal <.taylor@enron.com> Subject: FW: Enron North America Corp - Novation from NW to RBS Cc: legal <.schuler@enron.com>, anne.edgley@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: legal <.schuler@enron.com>, anne.edgley@enron.com X-From: Ferlic, Suzanne X-To: Taylor, Mark E (Legal) X-cc: Schuler, Lance (Legal) , Edgley, Anne X-bcc: X-Folder: \MTAYLO1 (Non-Privileged)\Taylor, Mark E (Legal)\Inbox X-Origin: Taylor-M X-FileName: MTAYLO1 (Non-Privileged).pst Mark, Further to my voicemail. The Royal Bank of Scotland (RBS) has asked to have the old lines from NatWest novated to RBS. The 2 banks merged approx. 2 years ago. RBS will send the originals to the appropriate person within Enron. Would you please advise as to who, in your view, would be the appropriate person to handle this novation. Many thanks in advance, Suzanne Ferlic 011 44 207 783 4249 See below for RBS detail: Line Limits are: NW FX & DSL, US$13m, 2 yrs, no security NW CRRM, US$97m, 15 yrs, has gtee from Enron Corp Please let me know where and to whom we can send the original documents to. Thanks, Jamie -----Original Message----- From: WOOD, Jamie, FM [mailto:Jamie.Wood@rbos.com] Sent: 25 September 2001 17:32 To: Ferlic, Suzanne Cc: JEANNOT, Diane, FM Subject: Enron North America Corp - Novation from NW to RBS Hi Suzanne, Please find attached the Novation Request letter which outlines the actions required to novate your trades from the NatWest name to the RBS. The documents which need to be executed are :- 1. Novation Agreement * You will get this from Diane Jeannot from our Legal & Compliance in NY soon * This is to authorise the novation of the trades from the NW books into RBS books, and to be covered by your existing RBS Master ISDA * To sign both copies, but return only one (fax and mail) 2. Credit Support Annex * Please see attached CSA Authorisation, please sign at the bottom and return via fax * As there is collateral tied to the NW Master ISDA, we will need to novate the collateral as well. 3. Letter from your Guarantor - Enron Corp * To novate the guarantee in favour of NW to RBS 4. RBS Settlement Instructions Acknowledgement * See attached RBS Settlement Instructions and Acknowledgement letter. * This is to acknowledge that anything booked in the RBS names have to be paid into RBS accounts provided, so these new instructions should be distributed to your payments division. * Please sign and return by fax Please let me know if you have any queries at all. All documents can be returned to me, my address is on the Novation Letter. One thing to note, the deadline is actually October 3rd for all documents to be returned. Unfortunately, we are a little late in sorting it out with Adam and sending you the documents, but I will appreciate if you could arrange for this to be done as soon as possible, and let me know a realistic date for return. Apologies for the rush. Thanks and regards, Jamie Wood Novation Helpdesk The Royal Bank of Scotland, Financial Markets 020 73755677 ******************************************************************** Visit our Internet site at http://www.rbsmarkets.com This e-mail is intended only for the addressee named above. As this e-mail may contain confidential or privileged information, if you are not the named addressee, you are not authorised to retain, read, copy or disseminate this message or any part of it. ********************************************************************