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Enron Mail |
Per Jane's email, I think we can definitely approve them to trade Japanese
products. I want to confirm with her the approval for the rest of the products, tho I think they'll probably be OK too. So today, you could open them for Japan. ----- Forwarded by Tana Jones/HOU/ECT on 10/24/2000 10:27 AM ----- Jane McBride@ENRON 10/23/2000 07:20 PM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: Idemitsu Kosan Co Ltd Dear Tana, This is a big company so in terms of general counter party approval they are fine. Jane McBride Senior Legal Counsel Enron Japan Corp. Otemachi 1st Square Bldg. West 11th Floor 1-5-1 Otemachi, Chiyoda-ku Tokyo 100-0004 Japan Tel.: 81-3-5219-4500 (Main) 81-3-5219-4553 (Direct) Fax: 81-3-5219-4510 Assistant (Maggy Yamanishi) Tel.: 81-3-5219-4554 Email: Yo.Yamanishi@enron.com Tana Jones@ECT 10/24/2000 07:53 AM To: Jane McBride/AP/Enron@Enron cc: Subject: Re: Idemitsu Kosan Co Ltd I just got a call from the online team, and there is a rush push on from London to get this counterparty approved ASAP. Since you are the key person, I thought I'd pull you into the loop. This counterparty should be coming thru on tomorrow's approval list. I know you've got to do your due diligence, so if you could let me know how long it will take to get back to me I can let the EOL and London people know. Much thanks! P.S. I enjoyed chatting with you at the seminar! ----- Forwarded by Tana Jones/HOU/ECT on 10/23/2000 05:49 PM ----- Lisa Lees 10/23/2000 05:27 PM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: Idemitsu Kosan Co Ltd As discussed, here is the name of the Japanese counterparty that will be on credit's next approval matrix. Thanks. ---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/23/2000 05:21 PM --------------------------- From: John Suttle 10/23/2000 04:38 PM To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Lara Fields/LON/ECT@ECT, Anna Gardiner/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Lisa Lees/HOU/ECT@ECT Subject: Re: Idemitsu Kosan Co Ltd Given the recent confusion on this counterparty and the push to have them approved - I will review Idemitsu today and have recommendations by late this afternoon. Justin Timothy@ENRON_DEVELOPMENT 10/17/2000 11:40 PM To: John Suttle@ECT cc: Subject: Re: Idemitsu Kosan Co Ltd John FYI Justin ---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on 18/10/2000 03:40 PM --------------------------- Justin Timothy 18/10/2000 03:36 PM To: Anna Gardiner/LON/ECT@ECT cc: Frank L Davis@ECT Subject: Re: Idemitsu Kosan Co Ltd Anna, I just wanted to confirm with you that all fuel & liquids customers, including those from Singapore, are being handled by credit in Houston now that the responsibility for Global Products has moved from London to Houston. I spoke with Sheri Thomas & Tom Moran (Houston credit) this morning & they both agreed that these (Asia Pacific) counterparties should now be handled by Houston. However there still appears to be some confusion over this issue so I would appreciate it if you could send a reply confirming that this is the understanding at your end so as to avoid any further confusion. Many thanks Justin Anna Gardiner@ECT 10/10/2000 07:55 PM To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Frank L Davis/HOU/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bo Petersen/LON/ECT@ECT, Lara Fields/LON/ECT@ECT Subject: Idemitsu Kosan Co Ltd Justin I spoke with Frank Davis in Houston yesterday about this PA and he agreed that Houston PCG would ensure that this customer was reviewed in Houston and set up as soon as possible. I have also confirmed with Frank and Amita Gosalia the situation with regards to responsibilities for Japan when processing PAs. Japan has always been the responsibility of the Houston PCG except in the case of metals customers which are approved by credit and legal in London. It would seem that this is an issue that needs to be discussed further between the London, Houston and Australia groups to establish responsibilites further. Hopefully this will ensure that this type of confusion does not occur again and delay the processing of a customer application. Rgds Anna Justin Timothy@ENRON_DEVELOPMENT 09/10/2000 07:27 To: Bo Petersen/LON/ECT@ECT cc: Lara Fields@ECT Subject: Re: Idemitsu Kosan Co, Ltd Bo, I put Idemitsu's PA into the database for credit review on Sept 26 & it was picked up by John Suttle in Houston. I haven't heard anything since & seeing as they appear to be a fuel & oils customer I have today changed the RAC to London so that the PA can be processed over there, which is probably where it should have gone in the first place. I apologise for the delay and inconvenience however there was initially some confusion between myself & Houston as to where Asia Pacific fuel & oil customers should be processed. Regards Justin PCG - Sydney Sent by: Lara Fields@ECT To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Bo Petersen/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT Subject: Idemitsu Kosan Co, Ltd Justin, Idemitsu Kosan in Japan sent in a PA on 29 Sept to your office. Bo Petersen of our Global Products team has been getting calls from them wanting to know the status of their PA as they are very anxious to get online. The database says 'Credit Reviewing' - can you please feed back any comments or updates to Bo and the London PCG directly? I will be out of the office on Monday and want to ensure that Bo knows what to tell the customer should they call again. Thank you, Lara
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