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Enron Mail |
Be careful using IMC Canada to prepare your draft from. Even though we have
chosen NY law, we had two Canadian companies entering into the IMC Canada agreement so there is language in the agreement that is Canadian specific, and it might be missing some required US language. I have also attached a redlined draft reflecting the negotiated changes to the form since the form we first sent the form to the counterparty. I have attached our current form of ISDA Schedule as a reference. The Canadian changes will be color coded, so you can see them easily. Also, please note: there have been recent amendments to the CFTC Rules that have required certain changes to the swap reps, in particular there are no longer "eligible swap participants", the current terminology is "eligible contract participant". Please see Part 5(b) of the Schedule in particular.
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