Correct.  The Services Agreement in place between ENA & ECC is what allows us 
to transact between the two companies without adverse tax consequences.  We 
have no such agreement in place with ECTRIC, and the UK tax regime is 
different.  We cannot transact between ENA & ECTRIC under each others masters.



	Anthony Campos
	02/07/2001 08:31 AM
		 
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Clickpaper Master Agreement

Per my voicemail, 

My first thought would be that the Credit Suisse (ENA) Master Agreement would 
not cover London Pulp & Paper transactions because they are not included in 
the Services Agreement like ECC.  Please advise.

Thank You,
Anthony
Global Financial Contracts
3-7911

---------------------- Forwarded by Anthony Campos/HOU/ECT on 02/07/2001 
08:07 AM ---------------------------
   
	Enron Capital & Trade Resources Corp. - Europe
	
	From:  Stephen Furter                           02/07/2001 06:27 AM
	

To: Anna Gardiner/LON/ECT@ECT
cc: Enron London - Clickpaper Product Control Group/LON/ECT@ECT, European 
Contract Management, Anthony Campos/HOU/ECT@ECT 
Subject: Re: Clickpaper Master Agreement  

There is an ISDA Financial agreement in Global Contracts with ENA and Credit 
Suisse First Boston International (95000405-0), dated 21/4/1993, but it's in 
the Houston Maintenance group, and therefore Antony Campos should confirm 
whether it's ok. I will be speaking to him as soon as he gets in.

Regards
Stephen

PS: Please in future, could you mail our group, instead of just myself or 
Andrew Wells....... European Contract Management



Anna Gardiner
07/02/2001 11:52
To: Stephen Furter/LON/ECT@ECT
cc: Andrew Wells/LON/ECT@ECT, Enron London - Clickpaper Product Control 
Group/LON/ECT@ECT 

Subject: Clickpaper Master Agreement

Stephen

Please could you confirm whether Credit Suisse First Boston International 
have a Master Agreement in place for Pulp and Paper products with ECTRIC or 
ENA? They have just been approved for trading on Clickpaper without 
collateral and I wanted to make sure that they did not have a master in place 
before I went ahead and set them up on the system.

thanks

Anna