Jay,

Following up our email from last week, attached is a soft copy of the netting agreement submitted by Valero.

Thanks.
Nony
		 

 -----Original Message-----
From: 	Flores, Nony  
Sent:	Wednesday, October 31, 2001 1:33 PM
To:	Williams, Jason R (Credit)
Cc:	Aronowitz, Alan; Cook, Mary; Viverito, John
Subject:	Valero Netting Agreement

Jay,

We received a fax copy of a Net Settlement Agreement for crude products (ERAC) from Valero.  We're delivering a copy to you this afternoon for further handling.  Please let us know if we can help in any way.

Regards,

Nony Flores