Mark
 
Welcome back!!
 
I was in New York last week reviewing the current contractual situation on 
our metals contracts and in discussions with Craig Young he mentioned that 
they had some Canadian customers as well as some in Mexico and I believe 
Peru, Chile and Brazil. In respect of the Canadian clients it was his 
understanding that the fact that the MG entity carrying out the business did 
not have an office in Canada was material. I am not sure of the regulatory 
implications of having customers outside of the US, or inside for that 
matter, but thought it would be something that you might need to investigate 
further with Craig.
 
In addition, as part of the Rudolf Wolf acquisition, we have a trader based 
in New York, who is employed by Enron Trading Services Inc, executing deals 
in London for and on behalf of Turkish clients. I am not sure whether this 
needs to be investigated further, but it sounds like it might require it. 
Again Craig Young has all the relevant details.
 
Marcus