Edmund,

My understanding is that your understanding is correct.  I shall speak with 
Sara on this issue and then inform all interested parties to avoid further 
confusion from certain quarters in 
London........................................................

Kind regards

Mark




Edmund Cooper
08/03/99 04:45 PM
To: Mark Elliott/LON/ECT@ECT
cc:  
Subject: Re: Inapa ticket

Mark,

This needs to be cleared up.  

My understanding is that ECTRIC through EEFT does the trade.  The deal is 
backed to back with ECT and booked in the ECT book.  The deal number for the 
original trade should also therefore be from the Houston book.  I've already 
told this to Lee - correct me if my understanding of the position is 
incorrect.

Best, Ed.



---------------------- Forwarded by Edmund Cooper/LON/ECT on 08/03/99 04:44 
PM ---------------------------


Tom Bruce-Jones
08/03/99 04:40 PM
To: Jeff Harbert/HOU/ECT@ECT
cc: Martin Holmes/LON/ECT@ECT, Bob Crane/HOU/ECT@ECT, Edward 
Ondarza/HOU/ECT@ECT, Lee Munden/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT 
Subject: Re: Inapa ticket

Jeff

Given the apparent confusion about how European trades ought to be booked and 
monitored, can we arrange a conference call/ video conference in the near 
future to iron out any anomalies and ensure that all parties are satisfied 
with the arrangements.

Thanks
Tom
---------------------- Forwarded by Tom Bruce-Jones/LON/ECT on 03/08/99 16:34 
---------------------------


Lee Munden
03/08/99 15:44
To: Tanya Rohauer/HOU/ECT@ECT
cc: Steve Kim/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, 
Scott Pleus/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Lisa Berg/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Martin 
Holmes/LON/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT 
Subject: Re: Inapa ticket  

Tanya

I thought that all Pulp & Paper deals were booked in Houston?

 It would seem that this deal has been booked incorrectly from ECTRIC, when 
it should have been booked from Houston (ECT?)

I have looked at Inapa from a credit perspective.

Lee



Tanya Rohauer
03-08-99 02:36 PM
To: Steve Kim/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Scott 
Pleus/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Lisa Berg/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Lee 
Munden/LON/ECT@ECT 
Subject: Re: Inapa ticket  

I am assuming that this deal was approved by someone in London Credit, i.e. 
Lee Munden,etc. My understanding of this deal is that it is bewtween a London 
legal entity and the counterparty. ECT's involvement is an intercompany back 
to back position. This deal should be confirmed out of the London office, and 
exposure monitored there. 

Thanks,
Tanya


   
	
	
	From:  Steve Kim                           08/03/99 08:29 AM
	

To: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Scott 
Pleus/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Lisa Berg/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, 
Lucy Ortiz/HOU/ECT@ECT
cc:  
Subject: Inapa ticket