Cash Collateral In Canada

I think I'll answer this question for at least the fifth time in the last two
weeks and the 200th time since I've been at Enron (including at least the
third time I have answered for Carol and the third time I have answered for
Mary).
---------------------- Forwarded by Peter Keohane/CAL/ECT on 03/20/2001 08:14
AM ---------------------------
Carol St Clair 03/20/2001 07:45 AM

To: Peter Keohane/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
Subject: Cash Collateral In Canada

Peter and Greg:
One of our counterparties is questioning why we won't accept cash collateral
in Canada. They claim that under the current state of the law, holding cash
collateral is the method for perfecting. Please advise. Should we ask
Stikeman to update their advice to us on this?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com