Subject: ngx - enron - security in place .
hi everybody .
just a short note to provide an update as to where we are with all this $ $
flying around .
as of right now , ngx is holding the following ( in millions ) :
cash :
cad $ 22 . 25
usd $ 2 . 88
on nov 26 th , we will be holding back cad $ 2 . 8 from oct .
settlement / deliveries .
ngx will be registering its interest in the collateral ( cash ) provided by
enron canada corp early next week . i left message for greg johnston , legal ,
enron canada corp . our lawyer is away today but will be in monday .
have a good weekend all .
thanks
kenny foo
credit and risk manager
ngx financial inc
140 - 4 avenue sw , suite 2330
calgary , alberta , t 2 p 3 n 3
ph : ( 403 ) 974 - 1737
fx : ( 403 ) 974 - 1719