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Enron Mail |
Cc: jason.williams@enron.com, john.griffith@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: jason.williams@enron.com, john.griffith@enron.com X-From: Frank Hayden X-To: Troy Black X-cc: Jason R Williams, John Griffith X-bcc: X-Folder: \John_Griffith_Nov2001\Notes Folders\All documents X-Origin: GRIFFITH-J X-FileName: jgriffit.nsf I spoke with Jason in credit and he indicated that it does need to be DASHed due to funding reasons. Pleaase help the process along by completing the expediated DASH.. Thanks, Frank ---------------------- Forwarded by Frank Hayden/Corp/Enron on 01/05/2001 04:01 PM --------------------------- From: Tanya Rohauer@ECT on 01/05/2001 01:37 PM To: Frank Hayden/Corp/Enron@ENRON cc: John Griffith/Corp/Enron@Enron Subject: Re: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions The structure is critical. I don't want to cash out the entire fixed price position and then turn around and sell them index gas at $8. Then I have a huge receivable risk that has no MTM offset. I'd rather reset the fixed price to somwhere in between, especially if they are hurting for cash. Enron North America Corp. From: Frank Hayden @ ENRON 01/05/2001 12:56 PM To: Tanya Rohauer/HOU/ECT@ECT cc: Subject: Re: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions I'm unclear, but evidently we sold $2 dollar gas to them (back in 1996) and they are asking to cash out...I think we end up paying them roughly 20 million dollars. I'll give you better/more details as I learn them. Frank To: Frank Hayden/Corp/Enron@ENRON cc: John Griffith/Corp/Enron@Enron Subject: Re: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions Please let me know the nature of the transaction with National Steel. Thanks!! Enron North America Corp. From: Frank Hayden @ ENRON 01/05/2001 09:24 AM To: John Griffith/Corp/Enron@Enron cc: Chip Schneider/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Lea Savala/GPGFIN/Enron@ENRON, Vladimir Gorny/HOU/ECT@ECT Subject: Expedited DASH Process for Prepaid and other Embedded Financings in Commodity Transactions 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
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