Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 07/10/2000 06:37 PM -----

	Rod Nelson
	07/10/2000 10:30 AM
		
		 To: Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Deutsche Bank

No problem on the crib.  As for Mexico setoff, I am aware.  I was under the 
impression that even setoff among common entities is questionable.  My 
rationale is that we will almost certainly trade with any given cp through 
one Enron entity or the other, and not both.  If I am wrong, we will manage 
the process internally (i.e. cut the cp's credit line in half).

Rod




   Carol St Clair                07/10/2000 08:47 AM

To: Rod Nelson/HOU/ECT@ECT
cc:  
Subject: Re: Deutsche Bank  

Rod:
Thanks.  I expect to get a new draft of the Schedules from DB later today.  
As for the crib, it is perfect and Bill and a friend managed to put it 
together.  Thanks so much for lending it to us.  I'm hoping that we will have 
a child to put in it within the next week.  As for Mexico, the issue there is 
that they do not recognize setoff in bankruptcy so that if deals are done 
with 2 different Enron counterparties we will not be able to setoff.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



	Rod Nelson
	07/10/2000 01:21 AM
		
		 To: Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Deutsche Bank

I will continue with this one, for as long as we can adapt to the time 
difference.  I will approve the A/A2 minimum requirement.

Did Bill get the crib together?

Rod




   Carol St Clair                07/07/2000 10:12 AM

To: Rod Nelson/HOU/ECT@ECT
cc:  
Subject: Deutsche Bank

Rod:
I don't know if you are still handling this.  We are close to getting this 
finalized.  One credit comment from them that I need someone's thoughts on.  
They want the Issuer of LC's to maintain a credit rating of A from S&P and A2 
from Moody's.  We usually put A- and A3.  are you okay with this?  If I need 
to run this by someone else please let me know.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com