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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sara Shackleton X-To: Tana Jones X-cc: X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf ----- Forwarded by Sara Shackleton/HOU/ECT on 09/18/2000 11:13 AM ----- steven.kessler@db.com 09/11/2000 08:55 AM To: Sara.Shackleton@enron.com cc: Subject: Re: ISDA Master Agreemen between Deutsche Bank AG ("DB") and Enron North America Corp. Hi Sara-- There are open issues regarding the L/C faciltity, so Carol and I decided not to comment on specific clauses until those issues were resolved. I believe Carol was ok with Section 18, but it was added shortly before she left for maternity leave. Because we are still trading with you under the existing BT ISDA, the clause is simply meant to sweep-in any exisiting BT-Enron trades under the new DB-Enron facility. Please let me know if you have any further questions. My understanding is that we are now scheduled to talk on Wed. at 11am NY time. I look forward to talking with you then. Regards, Steve Sara.Shackleton@enron.com on 09/08/2000 04:36:32 PM To: steven.kessler@db.com cc: Subject: ISDA Master Agreemen between Deutsche Bank AG ("DB") and Enron North America Corp. Steven: I am trying to finalize this master during Carol St. Clair's absence. I have a few questions prior to our comments. They are: (1) Have you already commented on the new form of Letter of Credit Provisions which Carol sent to you? This is referred to as Exhibit A to Paragraph 13 of Annex A. I did not see your response. (2) Have you reviewed the latest Letter of Credit format? I did not see your response. (3) What is the genesis of Part 5, Section 18 of your redline. I know that DB acquired Bankers Trust, but did Carol ever review this provision? Have both parties agreed as to existing transactions? Please let me hear from you. Thanks. Sara
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