Enron Mail

From:frank.hayden@enron.com
To:john.griffith@enron.com
Subject:Expedited DASH Process for Prepaid and other Embedded Financings in
Cc:
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Date:Fri, 5 Jan 2001 01:24:00 -0800 (PST)

Cc: chip.schneider@enron.com, tanya.rohauer@enron.com, lea.savala@enron.com,
vladimir.gorny@enron.com
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John,
Thanks for stopping by. For pre-paids and the like we have an expediated
DASH process. Since the counterparty is National Steel, we will need to get
credit involved. I've included Chip on this email regarding costs of funds.

The expediated DASH process is for financings of embedded in commodity
transactions. This is to ensure that these type of transactions are reviewed
considering funds flow and the ability to syndicate, as well as credit,
documentation, and pricing. This process is intended to be less
comprehensive than a standard DASH and is to be used only for embedded
financing transactions that are either (i) short- term or (ii) longer-term if
with relatively highly-rated counterparties.


Thanks,

Frank