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Enron Mail |
we are going to revisit our thinking about use of master netting agreements.
mark and bill, after our meeting i did exchange voicemails with mark haedicke who thought it was a good idea to regroup and i have talked to cadwalleder about assisting us last night. mark you are going to send me the latest and greatest of our 3 versions of financial trading contracts. jeff and elizabeth, can you send me electronically the same in your area so we can let them at least see what we are doing now? this is not an attempt to have them reinvent the wheel on our contracts but to let them see what we are doing so we can formulate our view. i continue to think that we could improve our position in a distressed situation with the use of such a netting agreement (as opposed to just relying on offset rights) but there are obviously a number of considerations. once we form our legal view, trading, credit, accounting etc. would need to be involved. elizabeth we obviously have the issue in your area of doing power trading out of a different entity i realize. several people have mentioned that in a few instances we have used master netting agreements on few deals. did we do internally? do we have one or 2 that we think we should look to build off of/ look at in this context?? mark is looking for a recommendation from us in this regard.
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