fw liquidity proposal original message ackermann hilary enron sent wednesday november 21 2001 10 46 lavorato enron com subject liquidity proposal importance high hilary e ackermann goldman sachs credit risk management advisory phone 212 902 3724 fax 212 428 1181 e mail hilary ackermann gs com dear mr lavorato following ken lay conversation gary cohn would like forward following proposal acting goldman sachs capital markets j aron order provide enron north america additional liquidity j aron gscm discussed entering following series transactions terms agreed relevant parties 1 enron corp j aron fx option sold enron corp j aron settlement date dec 11 01 would settled nov 21 01 2 enron na gscm interest rate swap portfolio enron na option would either close portfolio nov 21 01 resulting payment gscm enron na b bilaterally reduce applicable margin trigger 10 mm zero based current mtm would result 10 mm additional margin paid gscm enron na weather derivative transaction applicable margin trigger would reduced 50 mm 5 mm based current mtm would result 18 mm margin paid gscm enron na 3 enron na j aron financial derivative portfolio enron na option would either close portfolio nov 21 01 resulting payment j aron enron na b bilaterally reduce applicable margin trigger 10 mm zero based current mtm would result 10 mm additional margin paid j aron enron na physical natural gas receivable consideration foregoing enron na would settle 10 5 mm physical natural gas receivable value nov 21 01 please call number soonest convenience discuss thank hilary e ackermann goldman sachs credit risk management advisory phone 212 902 3724 fax 212 428 1181 e mail hilary ackermann gs com