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Enron Mail |
Mike - thanks I got it eventually.
The only thing I would add at this stage would be under "Daily Management P&L and position reporting..." "Key positional and valuation data delivered to corporate risk aggregation system ("RisktRAC") by a pre - determined time" The form and content of that data I outlined in my last tome. This will allow us to (amongst other things) get the positions aggregated and perform some level of assessment, and allow you folks to kill the spreadsheet you currently use to calculate VAR, because RisktRAC has the VAR engine. DP Mike Jordan 15/06/2000 13:44 To: John Sherriff/LON/ECT@ECT, Steve W Young/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Brent A Price/HOU/ECT@ECT cc: Ted Murphy/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT Subject: Doorstep meeting - additional action steps the missing attachment !!!!!! Please note that these are the controls primarily associated with the Middle Office. ---------------------- Forwarded by Mike Jordan/LON/ECT on 15/06/2000 13:40 --------------------------- Mike Jordan 15/06/2000 13:34 To: John Sherriff/LON/ECT@ECT, Steve W Young/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Brent A Price/HOU/ECT@ECT cc: Ted Murphy/HOU/ECT@ECT Subject: Doorstep meeting - additional action steps From our meeting yesterday I noted the following additional action steps ( not recorded within report ) Immediate Define a summary of fundamental controls on one page - that can be reviewed on a cross functional basis ( Commercial, Commercial Support and RAC - the execute, control and review functions ) - timetable draft summary schedule - done Separately get business controllers and RAC management to rate each business by control point ( Red, Amber or Green ) by next Thursday and arrange joint meetings with Commercial on businesses that have a poor assessment or significantly different assessments - Action Mike Jordan and Steve Young Others as soon as possible Follow up on status of investment required for Weather business in Oslo - Action Mike Jordan Investigate reporting of trades not captured on trade date within DPR on a daily basis - Action Mike Jordan Establish accountability for existing process for creating authorised trader list - Action Steve Young Change process for publishing authorisation list - placing it on commercial bulleting board - and reference location within DPR - Action Mike Jordan Generate an update of status re Master ISDA - Action Steve Young and investigate possibility of flagging this status within GCP - Action Mike Jordan Determine current EOL straight through process rate ( STP ) across bridges to risk management systems - Action Mike Jordan Define summary information on Coal/P&P etc businesses for inclusion in DPR for supervisory review by John Regards mike
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