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Enron Mail |
I spoke with Troy Martin at Entergy-Koch this morning and have proposed the following bilateral collateral matrix to Master Netting Agrements which we are negotiating. He will propose this structure to David Sobotka, the President of Entergy-Koch, and will let us know.
US Europe BBB+/Baa1 $30mm GBP20mm Original lines were $60mm and GBP30mm BBB/Baa2 $15mm GBP10mm BBB-/Baa3 $10mm GBP5mm BB+/Ba1 and below $0 0 US Master Netting Agreement covers Master Agreements for phyiscal gas, physical power, and financial swaps. UK Master Netting Agreement covers Master Agreements for UK physical gas and UK physical power. Our current exposure (as of 10/23/01) is as follows: US Europe $(43mm) ~$(40mm) or ~GBP(27mm) Total collateral outstanding is as follows: US Europe $8.5mm (incoming) GBP20mm $15mm (outgoing) Net impact is we post additional $6.5mm in US and will be able to reduce our L/C in Europe by GBP13mm. Regards, Bill
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