Re: Confirms

There will need to be confirmation templates for the internet-generated
transactions that are slightly different from templates now used for
telephone-generated transactions - Legal will have to give the confirm desk
the necessary language. This is not the GTC issue you and I discussed the
other day - rather, I think the question is How will the internet-generated
trade information reach the confirm desk and how will they know to use the
internet trading language in the confirm they generate?
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
06/24/99 12:55 PM ---------------------------

Enron Capital & Trade Resources Corp. - Europe

From: Louise Kitchen 06/24/99 11:07 AM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Re: Confirms

Circular
---------------------- Forwarded by Louise Kitchen/LON/ECT on 06/24/99 05:10
PM ---------------------------
From: David G Mally on 06/24/99 11:04 AM CDT
To: David Port/LON/ECT@ECT
cc: Louise Kitchen/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT
Subject: Re: Confirms

I have met w/ Mark Taylor and submitted all US based GTC / masters agreement
regarding the above note. As you are aware, these legal agreements are part
of the confirm process. Mark will be requesting outside counsel to make
recommendations.

Regards
Dave

David Port
06/24/99 03:04 AM
To: Louise Kitchen/LON/ECT@ECT
cc: David G Mally/HOU/ECT@ECT
Subject: Re: Confirms

Easy: Yes

I know this came up early on in the proceedings - I'll make sure its still on
someone's radar.

Louise Kitchen
24/06/99 01:45
To: David Port/LON/ECT@ECT, David G Mally/HOU/ECT@ECT
cc:
Subject: Confirms

On our confirmations (which are spat out of the systems) we often say the
transaction as agreed over phone - should we be altering these. Are we
already doing this?