please help clarify 1 guarantee issue already play canadian pipelines power pools office landlords etc impediment closing commencing business operations 2 counterparties unlikely transact new ubsw canadian entity without credit support 3 although parental g ee ubs ag credit support help structure non creditworthy sub supported parental g ee terms conditions limits old enron structure may well well received industry peter original message kitchen louise sent monday february 04 2002 7 58 pat odonnell ubsw com cc haedicke mark e milnthorp rob keohane peter subject please help canada appears issue need make swift progress unlike us contracting entity counterparties ubs ag london division ubs warburg energy canada ltd lack parental company guarantees forth coming ubs going issue two main points current history customers contract lightly subsidiary guarantee secondly credit group asking guarantees customers please let know progress louise