Hi Mark,

...further to my email, I have since heard from the Compliance VP at MG in 
New York, who confirmed in the affirmative both of my questions.

all the best

justin


---------------------- Forwarded by Justin Boyd/LON/ECT on 08/08/2000 13:17 
---------------------------


Justin Boyd
08/08/2000 07:57
To: Alfred Pennisi/NYC/MGUSA@MGUSA, Jon Barrett/MGLTD_London/MGLTD@MGLTD
cc:  

Subject: Execution of NYMEX Trades

Al, Jon,

Please see below.  I had a couple of questions:

I assume that the MG entity will be MG London Inc.?
the Enron Corp Guaranty would be in favour of whom, presumably NYMEX?

Thanks.
Justin


---------------------- Forwarded by Justin Boyd/LON/ECT on 08/08/2000 07:53 
---------------------------


Bill Appleby
07/08/2000 19:44
To: Anne Edgley/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT
cc:  

Subject: NYMEX

Don't know if you are aware but Enron are currently executing NYMEX trades 
through different 3rd party brokers, and it is now proposed that they put all 
their trades through MG (who are brokers to NYMEX).  In order to do this, the 
New York operation will need:

An unconditional Corp guarantee for $28 million.
In due course further capital, probably in the form of a sub loan.

In the short term, they will be able to migrate 1 or 2 of their existing 
brokerage accounts with just the guarantee.  Anne - can you run this by Ben?

FYI the guy running this out of NY is called Al Pennisi (212 715 5845).

This is currently being handled in Houston by Brent Price and David Dupre.

Rgds

Bill