Janine:  First Union National Bank ("FUNB") entered into a credit derivative trade  with ENA effective 20 April 2001 (our trader was a London trader).
Although  ENA has a Master ISDA Agreement  with FUNB (the "ISDA"), this does not appear  to be the impetus for the booking since the confirm didn't reference the ISDA.
Is ENA alright confirming trades in this manner?

ENA credit derivative transaction