ECT and Sonoco entered into a one- year "plastics" swap which terminated on  March 31, 1999.
Doug Friedman (plastics trader) has asked that ECT formally  demand $60,000 from Sonoco for underpayment on the swap.
Sonoco has claimed  the existence of a Market Disruption resulting from price reformation in the  plastics publication "Monthly Petrochemical & Pleastics Analysis" which  caused it to use a differenct Floating Price calculation.
ECT disagrees as  to the existence of such an event.
Doug will contact me this week to review  our approach.
Please give me a call.
Thanks.
Sara

Demand from ECT to Sonoco Products Company ("Sonoco")
ECT and Sonoco entered into a one- year "plastics" swap which terminated on March <NUMBER>, <NUMBER>.
Doug Friedman (plastics trader) has asked that ECT formally demand <CUR><NUMBER> from Sonoco for underpayment on the swap.
Sonoco has claimed the existence of a Market Disruption resulting from price reformation in the plastics publication "Monthly Petrochemical & Pleastics Analysis" which caused it to use a differenct Floating Price calculation.
ECT disagrees as to the existence of such an event.
Doug will contact me this week to review our approach.
Please give me a call.
Thanks.
Sara
price reformation plastics review approach thanks formally demand cur market disruption resulting use differenct floating doug friedman ect disagrees existence march petrochemical pleastics analysis sonoco underpayment swap