Celeste:

We are reviewing ISDA opinions to verify if a Hong Kong entity can enter into derivative transactions.  Once we confirm that they can, we will send the form Deemed ISDA to you.

Marie

 -----Original Message-----
From: 	Cisneros, Celeste  
Sent:	Thursday, August 09, 2001 11:07 AM
To:	Heard, Marie
Subject:	RE: Deemed ISDA for Paper deal Andover E-Pulppaper (Hong Kong) Ltd.

I'm assuming at this point no...they just want to see a draft.  

 -----Original Message-----
From: 	Heard, Marie  
Sent:	Thursday, August 09, 2001 11:03 AM
To:	Cisneros, Celeste
Subject:	RE: Deemed ISDA for Paper deal Andover E-Pulppaper (Hong Kong) Ltd.

Celeste:

I guess there's no credit?

Marie

 -----Original Message-----
From: 	Cisneros, Celeste  
Sent:	Thursday, August 09, 2001 10:57 AM
To:	Boyd, Samantha; Panus, Stephanie; Heard, Marie; Bailey, Susan
Subject:	Deemed ISDA for Paper deal Andover E-Pulppaper (Hong Kong) Ltd.

Who is responsible for paper/pulp issues?  Paper desk needs a draft confirmation to go out to the above counterparty.  It's an international deal...so we need it to be on a Deemed ISDA, however, we've always done our paper/pulp deals on an omnibus.  Can I get a Deemed ISDA template from one of you? Thanks.