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Enron Mail |
Until we have determined a legal structure that works for this trading (e.g.
Chinese walls, public vs. private reference credits, etc.) I would encourage caution in how far you go with specific names. Once they are tainted, it may not be possible to cleanse the situation sufficiently to trade on them for some time. When would you like to go to New York to meet with Sullivan & Cromwell? Let me know and I will set something up. Mark Bryan Seyfried 12/23/99 02:48 AM To: EnronCredit.com cc: Credit Trading Subject: EnronCredit.com As many of you already know, we have officially embarked on building a commercial credit trading business based in Europe but globally focused with trading operations in London and Houston. We are focused on externally launching the business by making two way prices on approximately 200 energy credits in the US, Canada, UK and Nordic markets by 24 Jan. 2000 but we expect to scale up the number of reference credits that we quote on very quickly. The initial names have been selected and provided to the credit department in both locations for initial review and will be subsequently distributed to the appropriate trading and origination groups for review prior to going live. The intent is to capture as much of the corporate credit market as possible, as quickly as possible, by leveraging our internal resources (people, processes and systems especially EnronOnline) and the new mediums for communication. To this extent, any ideas that you might have for getting the eyeballs of potential counterparties please let us know. This email marks the first of regular updates on our credit trading initiatives. We will use this as a mechanism to keep all of you in the loop as to where we are in the implementation process and solicit your input on ways to integrate credit products into your existing business models and customer base.
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