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Enron Mail |
If you could send me the Annex, Paragraph 13 and the pro forma schedule.
Since we do not yet know what shape the actual entity that we will be contracting will take (it is unlikely that we will contract directly with the munis but instead through some corporate entity), I think we do not need the special municipal provisions right now, although, if its not a bunch of work, maybe we should get the form with and without, so I have a draft of both, depending on which one we need. How's the new pad? Is the garden spectacular yet? No hiccups in the closings or moves, I hope. From: Tana Jones on 06/20/2000 03:47 PM CDT To: Greg Johnston/CAL/ECT@ECT cc: Subject: Re: Canadian Precedent Form of ISDA Do you only want the form of Credit Support Annex and Paragraph 13 thereto, or do you also want a pro forma Canadian ISDA Schedule. Also, I would expect that since you are dealing with Canadian municipalities you would want a form that include the special municipal provisions, which are somewhat lengthy? Greg Johnston 06/20/2000 02:41 PM To: Tana Jones/HOU/ECT@ECT cc: Mark Taylor/HOU/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Paul Devries/TOR/ECT@ECT, Chris Gaffney/HOU/ECT@ECT Subject: Canadian Precedent Form of ISDA Tana, Enron Canada is currently negotiating a transaction with 6 major municipalities in Ontario (the "G6") to provide various services to a company those 6 entities are setting up, which services will include physical and financial trading (both gas and electricity). John Suttle is working with Jan Wilson of our Toronto office to set the credit terms applicable to this entity on both the physical and financial trading side, but they have not yet made a final determination. In the interim, the G6 has requested that we send them a copy of our precedent form of master financial trading agreement (both the ISDA and our short form financial GTC). I assume you get requests like this all the time and was hoping that you could e-mail to me (i) the ISDA, credit support annex, Paragraph 13, etc. that we would typically put in place between ECC and a Canadian counterparty to financially trade gas and electricity in Canada (ie. incorporating the Canadian provisions), leaving the credit terms blank for the time being and (ii) the financial GTC we use for Canadian counterparties. Call me if you have any questions or if there are any problems with preparing and forwarding these documents to the counterparty. Thanks Greg
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