Mark:

I think this is a good start.

What do you think about a chart or survey of the different key jurisdictions 
regarding their views on the enofrceability of master netting/master-master 
agreements? We would probably need to lean heavily on ISDA's prior work.

Would we attach a sample Master Netting Agreement? I was thinking that we 
would.

That's all for now.

Alan



	Carol St Clair
	04/18/2001 01:37 PM
		
		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Peter 
Keohane/CAL/ECT@ECT
		 Subject: Re: Proposed ELJ Article

Mark:
Do you want to include a discussion about online trading and/or the current 
and proposed bankruptcy provisions?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



	Mark E Haedicke
	04/18/2001 11:21 AM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Peter 
Keohane/CAL/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Proposed ELJ Article

Please provide me your comments on the following outline:


Trading Contracts for Global Commodity Markets

1.  Evolution of Trading Contracts Since 1990
2.   Trading in 2001:  Living with Multiple Master Agreements
       a.   North America
       b.   Europe
       c.   other
3.   Globalization of Commodity Trading
4.   Lessons from the California Crisis
5.   Deregulation Marches Forward 
6.   The Vision
      a.   single global master for physical and financial trading
      b.   use master netting agreements in transition phase
      c.   focus on confirmations and schedules for new products