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Enron Mail |
this is the memo I was referring to -
---------------------- Forwarded by Brent A Price/HOU/ECT on 21/06/2000 17:02 --------------------------- Richard Sage 21/06/2000 13:38 To: Brent A Price/HOU/ECT@ECT cc: Subject: For Discussion: Implementing Definition of Trading Office i.e. very draft! What are your thoughts? ---------------------- Forwarded by Richard Sage/LON/ECT on 21/06/2000 13:40 --------------------------- Richard Sage 21/06/2000 07:35 To: Mike Jordan/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Naomi Connell/LON/ECT@ECT, Phil Redman/LON/ECT@ECT, Tim Poullain-Patterson/LON/ECT@ECT cc: Subject: For Discussion: Implementing Definition of Trading Office I was going to write that the buying and selling of physical commodity locally was OK, but that hedging had to be done with Regional Hub. The problem with this model is that it describes Helsinki before the bust! Another possiblity is the agency model, where the local trader acts under the direction of the hub trader. This is where Helsinki currently is (although we also have an independent manager on site). However, I am not so happy with this, and Rick Causey certainly does not like it. Perhaps we should recommend independent Risk Managers in every office, but all correspondence and settlement with regional hub?
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