national bank canada nbc louise bill aware nbc sent us notification event default isda due failure post collateral form lc date nbc resisted commercial solutions issue close business today cure period event default expire nbc able draw 1 4 mm lc posted terminate contract today seen bit movement position willing accept cash collateral enron agree reduce collateral threshold agreed upon amount bill bonnell credit manager suggested 4 mm appropriate level would entail enron posting 3 mm addition 500 k collateral call total 3 5 mm believe could likely negotiate threshold 5 mm willing post cash 5 mm level would require additional posting 2 mm originally forecasted try buy position exposure must resolution today forestall action part nbc please advise management willingness use cash purpose preventing termination contract thanks tanya