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Enron Mail |
Edmund,
Can you help us figure out who in London can help Anita execute her first ISDA, which also will include the usual Secretary's Certificates. I don't know if you know, but Singapore doesn't need EEFT to sign as the arranger, ECTRIC can sign directly. Per the resolution, it needs to be a VP, President, Managing Director or Chairman. It looks like the London based officers who could sign would be John Sherriff, Danny McCarty or John Lush (?), unless you are familiar with someone else who can sign for ECTRIC. It looks like for the Secretary's Certificates, all the Secretaries are located here in Houston, so we should probably prepare them for the usual Kate Cole's signature. Anita, you will need to have two signed copies, and initial both copies for signature, as also will your London Credit person. Congrat Anita! This is very exciting! ---------------------- Forwarded by Tana Jones/HOU/ECT on 10/20/99 12:28 PM --------------------------- Anita Fam 10/19/99 09:01 PM To: Tana Jones/HOU/ECT@ECT cc: Mark Taylor/HOU/ECT@ECT, Angeline Poon/SIN/ECT Subject: Re: ISDA Master Agreement with Caltex Trading Pte Ltd Hi Tana, Thanks for your note ....which was totally helpful as usual. This is the FIRST ISDA that we're executing here in Singapore so it's a Red Letter Day for us. The process has been painfully slow mainly because of London Credit's reluctance to provide us with any credit terms unless the situation really demands for it. We've got another one in the pipeline with one of the Shell affiliates though I'm not exactly holding my breath about it. We'd sent them the draft last year and they've yet to revert despite us sending frequent reminders. Not exactly on the top of their list of things to do obviously!!! Anyway - Caltex has executed the ISDA which we have in hand and what I would like to know is who is on the slate of signatories for ECTRIC. Is there anyone in the London office who is authorised to sign the document otherwise we'll have ISDA couriered over to you in Houston. If the document is to be executed in Houston, I'd be eternally grateful if you could assist in getting the ISDA executed for us on ECTRIC's behalf as well as in obtaining the Secretary's signature for both certificates. I'll have my assistant Angeline coordinate with you on the nitty gritties so that you'll know when to expect to receive the documents for execution. Many thanks as always, Anita Enron Capital & Trade Resources Corp. From: Tana Jones 10/20/99 02:42 AM To: Anita Fam/SIN/ECT@ECT cc: Mark Taylor/HOU/ECT@ECT Subject: Re: ISDA Master Agreement with Caltex Trading Pte Ltd I had a conversation with Mark Taylor this morning about your board resolution. He looked at the resolution we drafted for ECT International, and he said it would also cover the Singapore trading, so I have drafted a Secretary's Certificate and Incumbency Certificate for you to use. With none of the Secretary's being located in Singapore, do you need my assistance in getting it signed here? Who will you have sign the agreement? What do you usually do?
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