Appendices
Appendix 1
CNA Holdings Cash Forecast
$ THOUSANDS
6/2/2003 6/3/2003 6/4/2003 6/5/2003 CNA CASH RECEIPTS
CONCENTRATION BANK BALANCE 1.344 5.177 5.291 1.437 LOCKBOX COLLECTIONS 2.225 8.462 3.986 1.606
DRAWDOWN WIRES 300
CURRENT DAY CREDITS 8.235 5.895 2.900 4.000
CAC INVESTMENT / LOAN 12.000 7.200 0 2.850
MONTHLY CASH SETTLEMENT
CELWOOD INSURANCE CO
LOAN PROCEEDS
MISC
TOTAL RECEIPTS 23.804 23.804 12.477 9.893
CASH DISBURSEMENTS
CONTROLLED DISBURSEMENTS 4.630 21.475 890 4.595
PAYROLL 2.067 0 673
TAXES
LOAN PRINCIPAL
LOAN INTEREST 732
LOAN FEES
CAC INVESTMENT / LOAN 10.800
CELWOOD INSURANCE CO 2.800
THIRD PARTY WIRES 11.394 355 6 177
AETNA 712 1.264
MONTHLY CASH SETTLEMENT
PENSION 504
FX PURCHASE
MISC
TOTAL DISBURSEMENTS 20.039 21.830 11.696 9.509
DAILY CASH FLOW 3.765 1.974 781 384
TARGET CASH BALANCE 0 0 0 0
TOTAL AVAILABLE CASH 3.765 1.974 781 384
2 Appendix 2
Celanese Americas Corporation Cash Forecast
$THOUSANDS 6/2/2003 6/3/2003 6/4/2003 6/5/2003 6/6/2003
CELANESE AMERICAS CASH RECEIPTS
CONCENTRATION BANK BALANCE 78 115 82 56 39
MATURING INVESTMENTS 0 0 0 0
LOCKBOX COLLECTIONS 111 169 247 45 35
C/P TAKE OUT 52.800 59.400 48.750 50.000 55.100
CNA INVESTMENT / LOAN 0 0 10.800 0 1.800
CAG CASH POOL 545 1.760
INTEREST INCOME 0 0 0 0 0
LOAN PROCEEDS
GRUPO CELANESE
SWAPS
FX TRANSACTIONS
NUTRINOVA
MISC
TOTAL RECEIPTS 52.989 60.229 59.879 51.861 56.974
CASH DISBURSEMENTS
CONTROLLED DISBURSEMENTS 2.984 47 395 220 308
CAG CASH POOL 9.955 6.550
DAILY INVESTMENTS
TAXES
FX TRANSACTIONS 26
LOAN PRINCIPAL
LOAN INTEREST 133 97
LOAN FEES
CNA INVESTMENT / LOAN 12.000 7.200 0 2.850 0
C/P REPAYMENT 27.800 52.800 59.400 48.750 50.000
C/P DISCOUNT 2 2 6
GRUPO CELANESE
NUTRINOVA
SWAPS
MISC
TOTAL DISBURSEMENTS 52.872 60.144 59.823 51.822 56.864
CAC DAILY CASH FLOW 117 85 56 39 110
CNA (FORECAST) 3.765 1.974 781 384 284
TOTAL 3.882 2.059 837 423 394
CP OUTSTANDING ($700 million when fully backed
up) 27.800 52.800 59.400 48.750 50.000
TAKE OUT (PAY BACK)---4(2) 25.000 6.600 10.650- 1.250 5.100
NET 52.800 59.400 48.750 50.000 55.100
CAG POOLING (LOAN BALANCE) 8.925- 18.880- 18.335- 18.335- 16.575- (CAG TAKE OUT ) / PAY BACK 9.955- 545 0 1.760 6.550-
NET DUE CAG (DUE CAC) 18.880- 18.335- 18.335- 16.575- 23.125-
Timeline of Check to ACH conversion
Date Completed Event Parties Involved Month of
February
1. Provide Acetate check/AHC data to treasury.
2. Schedule meeting date/time for week of March 1 to discuss project summary and plan next steps between Shared Services, A/P and Treasury.
3. Provide comments on draft project summary.
1. Lupe Ponce 2. Arthur
3. Lupe Ponce
Week of March 1 1. Finalize compilation of data 2. Provide agenda for meeting
3. Meeting to discuss implementation issues with Lupe Ponce 4. Schedule weekly status meetings between Treasury and
A/P
5. Meet with project sponsor (Judy Yip) to provide update and approval to proceed.
6. Schedule meeting to present project scope, cost savings and detail of internal resources required to head of Shared Services for approval and support.
1. Arthur 2. Arthur 3. Treasury,
Lupe Ponce 4. Arthur 5. Treasury
6. Arthur, Mary Weiner
Week of March 8 1. Decide if any modifications to the current ACH system are needed to contribute to the success of implementation.
(i.e. addenda by e-mail)
2. Decide if any outside sources will be necessary and if so, decide on budget and get approval.
1. Citibank, A/P, treasury, Shared Services, Arthur 2. Treasury, A/P
Week of March 15 1. Meet with internal resources to explain project and gain their assistance (renegotiating terms with vendors etc.) 2. Decide on order of transition. (Which entities and
companies first?)
3. Design template to track project progress
1. Treasury, A/P, Arthur, Purchasing 2. A/P 3. Arthur
End of March 1. Start moving checks to ACH 2. Evaluate progress template 3. Provide weekly update
1. A/P
2. Treasury, A/P 3. Arthur
End of April 1. Provide weekly update
2. Evaluate and report project’s final status and follow up items.
1. Arthur 2. Arthur
4 Appendix 4
Conversion mailing to Vendors
Dear Supplier,
In an effort to streamline our payment process, Celanese Ltd. is converting all its check payments to electronic ACH (Automated Clearing House) transactions. We would greatly appreciate it if your company would support us in this matter. ACH payments have numerous benefits for both vendor and customer such as next day settling and a reduction in manual efforts.
The ACH transactions have an integrated invoice addendum, which permits Celanese Ltd. to electronically include invoice information with the electronic payment. Vendors that are not capable of receiving the electronic invoice information also have the option of receiving this information via e-mail.
To be able to move to ACH we need you to fill in and sign the enclosed terms &
conditions and the transfer enrollment form. Please send the completed form to J.B.
Maxwell. As soon as we have processed the data we will start paying you by ACH.
Additionally, please forward to us with the completed forms above, a copy of your W-9 in order that our records may be complete and processing can begin immediately.
If you have any questions about the forms or procedure, or if you think your company is not capable of receiving payment by ACH, please contact J.B. Maxwell.
Companies that already receive all their payments from Celanese Ltd. by ACH may ignore this notice, unless they would like to automatically receive an e-mail containing remittance information with every payment. However, we will still require a copy of your W-9 for our files.
Best Regards,
J.B. Maxwell,
MRO Procurement
EnclosuresP AYM ENTS TERM S & CONDITIONS:
mpany agrees to accept payment by Celanese, Ltd. Through electronic funds transfer and attests that we can rely exclusively on the information you supply on ment forms: nic funds transfer will be made to the financial institution and account number you supplied on this enrollment form. elanese, Ltd. will make payments in accordance with and be governed by the National Automated Clearinghouse Association trade payment rules utilizing th TX format. Our process is governed by and in accordance with the laws, other than choice of law provision of any particular contract, of New York, includin rticle 4A of the Uniform Commercial Code as enacted by the State of New York and amended from time to time. u understand that any change in information you supply on the enrollment form must be communicated to Celanese, Ltd. in writing by an authorized presentative of your company. Celanese, Ltd. will be considered harmless for any loss which may arise solely by reason of error, mistake, or fraud regarding is information. ayment is initiated within terms of our commercial agreement with you. Payment will be initiated on the due date with settlement occurring the following day e will consider payment made when your financial institution has received or has control of the payment transaction. we initiate payment on a non-banking day at the originating bank, the funds transfer will occur the following banking day. In all cases, banking day is defined e day on which both trading partners’ banks will be available to transmit and receive funds transfers. elanese, Ltd. is responsible for the transaction up to the point where your financial institution receives or has control of the transaction. Any loss of data at th nt will be borne by you unless the loss is due to negligence of Celanese, Ltd. or it’s originating bank. should notify Celanese, Ltd. immediately if payment is not received as described above. his agreement can be terminated by either party provided notification in writing is submitted, and both parties agree on termination date. y company ______ will _______ will not (please check the applicable blank) require separate remittance advice via e-mail (preferred) or mail. No fax curren ailable. emittance advice should be e-mailed to (preferred): ______________________________or mailed to: ______________________________ ______________________________ ______________________________ ______________________________ Name: (Please Print) ______________________________________Signature: _________________________________________ Title: __________________________________________________ Date: _____________________________________________6
