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I see what you mean - the GTC's get attached to the confirms when they are
sent out so the confirm desk needs to know which ones to attach if they are different. To: Mark - ECT Legal Taylor/HOU/ECT@ECT cc: Louise Kitchen/LON/ECT@ECT, David Port/LON/ECT@ECT Subject: Re: Confirms That is correct, but the possible GTC amendments will be part of the daily confirmation process. Dave To: David G Mally/HOU/ECT@ECT cc: Louise Kitchen/LON/ECT@ECT, David Port/LON/ECT@ECT Subject: 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?
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