Is this something we can use for all Canadian agreements?  Flexibility to 
provide cash would certainly help our commercial negotiation of margining 
rights within the contracts.

Please advise.

Bill



From: Sara Shackleton on 09/21/2000 12:32 PM
To: William S Bradford/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:  
Subject: Cash Collateral Language


----- Forwarded by Sara Shackleton/HOU/ECT on 09/21/2000 12:27 PM -----

	"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM>
	09/21/2000 11:30 AM
		 
		 To: "'warren.nishimura@blakes.com'" <warren.nishimura@blakes.com>, 
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
		 cc: "McArthur, Ian " <IAN.MCARTHUR@ROYALBANK.COM>, 
"'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com>
		 Subject: Cash Collateral Language




As discussed. 

 <<cash collateral.doc>> 

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File - 

This email may be privileged and confidential.? 
Any dissemination or use of this information by a person other than the 
intended recipient(s) is unauthorized.? If you receive this in error, please 
advise me immediately.

 - cash collateral.doc