Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/16/2001 02:14 PM -----

	Jane McBride@ENRON
	01/20/2001 02:26 AM
		
		 To: John Suttle/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Sara 
Shackleton/HOU/ECT@ECT
		 cc: Darren Delage/AP/Enron@Enron, Susan 
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re:ANZ - ISDA and Enron Corp. Guarantee

We cant really do an ENA ISDA here I don't think, it will need to be done out 
of Houston.  Sara, Alan, any thoughts?
Jane 




	John Suttle@ECT
	2001/01/20 01:09
		
		 To: Jane McBride/AP/Enron@ENRON
		 cc: Sara Shackleton/HOU/ECT@ECT, Darren Delage/AP/Enron@Enron, Susan 
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON
		 Subject: Re:ANZ - ISDA and Enron Corp. Guarantee

Whichever Enron entity is the transacting entity needs an ISDA over the 
deals.  I don't know how Dependency Agency arrangements alter our 
documentation, but we should make certain we have collateral rights/credit in 
place whichever way we go.  




Jane McBride@ENRON
01/18/2001 08:47 PM
To: John Suttle/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Darren Delage/AP/Enron@Enron, Susan 
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Re:ANZ - ISDA and Enron Corp. Guarantee  

Hi John,

I have followed up on this with Darren Delage and it seems that this is the 
situation: The trades with ANZ will be done by Enron Japan but only by virtue 
of "dependant agency" arrangements with ENA. (These arrangements are still 
being documented.)

I think this means that ENA and not Enron Japan will need to enter into 
agreements with ANZ.

I think Darren will follow up from his side but could you go back to Micheal 
on this.  

Jane





	John Suttle@ECT
	2001/01/19 08:05
		 
		 To: Jane McBride/AP/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: ISDA and Enron Corp. Guarantee

Jane - 

Attached is a worksheet in response to a request from  Australia New Zealand 
Bank for an ISDA and Enron Corp. guaranty covering FX trading.  The contact 
is Michael Midden, whose e-mail is below.  I said we would e-mail the draft 
documents to him for comments.  

Please let me know if you have any questions.

John





---------------------- Forwarded by John Suttle/HOU/ECT on 01/19/2001 01:02 
AM ---------------------------


"Midden, Michael" <mmidden@anz.com> on 01/18/2001 10:31:14 AM
To: "'john.suttle@enron.com'" <john.suttle@enron.com>
cc:  
Subject: Enron Corp. Guarantee


John,

Australia New Zealand Bank has put in place FX limits for Enron North
America Inc.(on behalf of Enron Japan) of USD 2 million (R/13 months) and
the corresponding USD 27.5 million in settlement limits (R/3-day) (subject
the full guarantee of Enron Corporation). It would be greatly appreciated if
you could assist us in implementing a guarantee from Enron Corp. to support
these trading lines.

Regards,

Michael Midden