Apologies for my delay in relying. Email contact was difficult whilst I was 
travelling.

Let me give you some observations that hopefully may assist. All you have to 
look at are two things;
Any Japanese legal restrictions on the potential counterparty trading with 
Enron Japan
Any Japanese legal restrictions on the types of products a Japanese 
incorporated counterparty may trade.    

As far a restrictions specific to a non-Japanese product then that is the 
responsibility of the lawyer in the relevant jurisdiction. For example
if there are restrictions under Australian law on a Japanese company trading 
through  EOL with Enron Australia Finance Pty Ltd for Australian power
then that is my concern. 

Hope this makes it clearer. Please give me a call if you have any 
questiopns       




Jane McBride@ENRON
25/10/2000 12:46 PM
To: Tana Jones/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Re: Idemitsu Kosan Co Ltd  

Pls see earlier email re Japanese products. Re non Japanese products, David 
do you have any thoughts on this?  I am happy with Idemitsu Kosan as a 
counter party but how do I know what the requirements are for a non-Japanese 
product?
Thanks 
Jane
  




	Tana Jones@ECT
	10/25/2000 12:37 AM
		
		 To: Jane McBride/AP/Enron@ENRON
		 cc: 
		 Subject: Re: Idemitsu Kosan Co Ltd

I have told EOL this counterparty is approved to trade Japanese products.  I 
just want to confirm with you, are they also approved to trade all the other 
products, physical and financial around the world?



	Jane McBride@ENRON
	10/23/2000 07:20 PM
		
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Idemitsu Kosan Co Ltd

Dear Tana,

This is a big company so in terms of general counter party approval they are 
fine.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554          
Email:      Yo.Yamanishi@enron.com



	Tana Jones@ECT
	10/24/2000 07:53 AM
		 
		 To: Jane McBride/AP/Enron@Enron
		 cc: 
		 Subject: Re: Idemitsu Kosan Co Ltd

I just got a call from the online team, and there is a rush push on from 
London to get this counterparty approved ASAP.  Since you are the key person, 
I thought I'd pull you into the loop.  This counterparty should be coming 
thru on tomorrow's approval list.  I know you've got to do your due 
diligence, so if you could let me know how long it will take to get back to 
me I can let the EOL and London people know.  Much thanks!

P.S.  I enjoyed chatting with you at the seminar!
----- Forwarded by Tana Jones/HOU/ECT on 10/23/2000 05:49 PM -----

	Lisa Lees
	10/23/2000 05:27 PM
		 
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Idemitsu Kosan Co Ltd

As discussed, here is the name of the Japanese counterparty that will be on 
credit's next approval matrix.

Thanks.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/23/2000 05:21 PM 
---------------------------
   


From:  John Suttle                                                            
 10/23/2000 04:38 PM	
	
	
	                           
	

To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lara Fields/LON/ECT@ECT, Anna Gardiner/LON/ECT@ECT, Neil R 
Anderson/LON/ECT@ECT, Lisa Lees/HOU/ECT@ECT 
Subject: Re: Idemitsu Kosan Co Ltd  

Given the recent confusion on this counterparty and the push to have them 
approved - I will review Idemitsu today and have recommendations by late this 
afternoon.



Justin Timothy@ENRON_DEVELOPMENT
10/17/2000 11:40 PM
To: John Suttle@ECT
cc:  
Subject: Re: Idemitsu Kosan Co Ltd

John

FYI

Justin
---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on 
18/10/2000 03:40 PM ---------------------------


Justin Timothy
18/10/2000 03:36 PM
To: Anna Gardiner/LON/ECT@ECT
cc: Frank L Davis@ECT 

Subject: Re: Idemitsu Kosan Co Ltd  

Anna,

I just wanted to confirm with you that all fuel & liquids customers, 
including those from Singapore, are being handled by credit in Houston now 
that the responsibility for Global Products has moved from London to Houston. 
I spoke with Sheri Thomas & Tom Moran (Houston credit) this morning & they 
both agreed that these (Asia Pacific) counterparties should now be handled by 
Houston. However there still appears to be some confusion over this issue so 
I would appreciate it if you could send a reply confirming that this is the 
understanding at your end so as to avoid any further confusion.

Many thanks

Justin



Anna Gardiner@ECT
10/10/2000 07:55 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Frank L Davis/HOU/ECT@ECT, Enron London - EOL Product Control 
Group/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bo Petersen/LON/ECT@ECT, Lara 
Fields/LON/ECT@ECT 

Subject: Idemitsu Kosan Co Ltd



Justin

I spoke with Frank Davis in Houston yesterday about this PA and he agreed 
that Houston PCG would ensure that this customer was reviewed in Houston and 
set up as soon as possible.  I have also confirmed with Frank and Amita 
Gosalia the situation with regards to responsibilities for Japan when 
processing PAs.  Japan has always been the responsibility of the Houston PCG 
except in the case of metals customers which are approved by credit and legal 
in London.

It would seem that this is an issue that needs to be discussed further 
between the London, Houston and Australia groups to establish responsibilites 
further. Hopefully this will ensure that this type of confusion does not 
occur again and delay the processing of a customer application.

Rgds

Anna


Justin Timothy@ENRON_DEVELOPMENT
09/10/2000 07:27
To: Bo Petersen/LON/ECT@ECT
cc: Lara Fields@ECT 

Subject: Re: Idemitsu Kosan Co, Ltd  

Bo,

I put Idemitsu's PA into the database  for credit review on Sept 26 & it was 
picked up by John Suttle in Houston. I haven't heard anything since & seeing 
as they appear to be a fuel & oils customer I have today changed the RAC to 
London so that the PA can be processed over there, which is probably where it 
should have gone in the first place. I apologise for the delay and 
inconvenience however there was initially some confusion between myself & 
Houston as to where Asia Pacific fuel & oil customers should be processed.

Regards

Justin
PCG - Sydney


Sent by: Lara Fields@ECT
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bo Petersen/LON/ECT@ECT, Enron London - EOL Product Control 
Group/LON/ECT@ECT 

Subject: Idemitsu Kosan Co, Ltd

Justin,

Idemitsu Kosan in Japan sent in a PA on 29 Sept to your office.

Bo Petersen of our Global Products team has been getting calls from them 
wanting to know the status of their PA as they are very anxious to get online.

The database says 'Credit Reviewing' - can you please feed back any comments 
or updates to Bo and the London PCG directly?  I will be out of the office on 
Monday and want to ensure that Bo knows what to tell the customer should they 
call again.

Thank you,
Lara