Enron Mail

From:stacey.richardson@enron.com
To:tana.jones@enron.com
Subject:Clarification of Cargill issue
Cc:anthony.campos@enron.com, bridgette.anderson@enron.com,karen.lambert@enron.com, linda.bryan@enron.com, susan.flynn@enron.com, frank.davis@enron.com, stephanie.sever@enron.com
Bcc:anthony.campos@enron.com, bridgette.anderson@enron.com,karen.lambert@enron.com, linda.bryan@enron.com, susan.flynn@enron.com, frank.davis@enron.com, stephanie.sever@enron.com
Date:Thu, 20 Jul 2000 10:36:00 -0700 (PDT)

Tana,

I'm hoping you can clarify some information I received second-hand on
Cargill, Incorporated, and Cargill Energy, a division of Cargill,
Incorporated. It is my understanding that Cargill Energy, a division of
Cargill, Incorporated, is allowed to trade under the ISDA (contract
96043502) between Cargill, Incorporated and ENA. Based on the information
in the Legal Financial Trading Agreement database, there is no information to
indicate that this affiliate is also covered by the Cargill, Incorporated
master . Also, the email from Susan Flynn does not include any information
on additional parties covered under this contract. Finally, Part 4(b) of the
schedule to the agreement specifies that for Section 10© of the contract ,
neither party is a multibranch party. This is all the information that
Anthony Campos has received to date on this contract. Based on this
information, and from previous requests from Legal for Global Contracts to
refer any interpretations to Legal, the Global Contracts group could not make
any assumptions regarding other counterparties not specifically listed on the
contract or schedules.

I wanted to verify if what I had heard about Cargill Energy, a division of
Cargill, Incorporated, was correct and to obtain the pertinent documentation
if so. Also, does Legal have any specific "policies" regarding affiliate
relationships? Is there any documentation we should have been aware of?

I just want to make sure that there are no EOL issues in the future and that
we have not misinterpreted any information. Please let me know how Legal
handles such an issue and what actions Global Contracts can expect.

As usual, thanks for you help and patience.

Stacey x30569