MS is a pass through in the transaction and should not be an issue.  Does RBS have commodity derivatives capability, they would also need a delta or MS type relationship. We would also need to have an ISDA master in place?

James send a email and said that he would update me when they had news. 

Dan


Dan O. Boyle
Vice President 
Enron Global Finance
Phone:   713-853-1532
Mobile:  713-417-3532