You are correct. By copy of this message,  I will ask Tana to finalize.  Sara



	William S Bradford
	10/25/2000 07:55 AM
		
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: Re: DeutscheBank ("DB")

This refers to settlement or payment netting only, not close out 
netting....correct?
If so, we can probably live with it.

Thanks,
Bill



From: Sara Shackleton on 10/24/2000 12:15 PM
To: William S Bradford/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:  
Subject: DeutscheBank ("DB")

I spoke with Steve Kessler this morning.  He told me that he agreed with 
Carol to net commodity transactions (which was actually more than he wanted 
to agree to!).  However, DB does not have the systems to net within other 
product groups.  Sara