As of this week EnronOnline has just started offering US/Canadian Dollar  Swaps Online.
As part of my review in determining whether a counterparty can  transact these products online I look at the Financial Trading Agreement  Database to see if there are any restrictions indicated, check the master  swap agreement, and I am also looking at any Board Resolutions we might have  received when we got the master agreement executed.
What I am finding is that in the old days when we asked for resolutions  evidencing the authority to enter into the master agreement/derivative  transactions frequently the resolutions do not allow the counterparies to  enter into currency transactions.
Since transacting these currency  transactions with our energy customers is a new area of business for us I  just wanted us all to be mindful to check these old resolutions and not to  rely solely on the "Restrictions" contained in Lotus Notes.

US/Canadian Currency Swaps Online
As of this week <COMPANY>Online has just started offering US/Canadian Dollar Swaps Online.
As part of my review in determining whether a counterparty can transact these products online I look at the Financial Trading Agreement Database to see if there are any restrictions indicated, check the master swap agreement, and I am also looking at any Board Resolutions we might have received when we got the master agreement executed.
What I am finding is that in the old days when we asked for resolutions evidencing the authority to enter into the master agreement/derivative transactions frequently the resolutions do not allow the counterparies to enter into currency transactions.
Since transacting these currency transactions with our energy customers is a new area of business for us I just wanted us all to be mindful to check these old resolutions and not to rely solely on the "Restrictions" contained in Lotus Notes.
derivative counterparies database restrictions resolutions evidencing authority new area business enter master frequently dollar swaps online just wanted mindful counterparty transact products