Clement: We are trying to finalize our ISDA with Deutsche Bank.
In the Guaranty where  we have the setoff and counterclaim language they want to add a proviso that  basically states that Enron Corp. would be entitled to get the benefit of the  rights, setoffs, counterclaims and other defenses that ENA is entitled to  only to the extent taht it would have had the benefit of those rights if it  were the direct counterparty.
I think that I am okay with this but wanted  your input.
Let me know what you think.
Thanks.
carol

Guaranty Issue
Clement: We are trying to finalize our ISDA with Deutsche Bank.
In the Guaranty where we have the setoff and counterclaim language they want to add a proviso that basically states that <COMPANY> Corp. would be entitled to get the benefit of the rights, setoffs, counterclaims and other defenses that <COMPANY> is entitled to only to the extent taht it would have had the benefit of those rights if it were the direct counterparty.
I think that I am okay with this but wanted your input.
Let me know what you think.
Thanks.
carol
company corp entitled direct counterparty okay wanted input extent taht benefit finalize isda deutsche guaranty setoff counterclaim proviso basically states defenses