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Enron Mail |
Fernley,
Generally, this seems to be fine. I think that Steve and I would like to clarify the credit limit review issue. Please see him for some semantical changes to that one line. Regarding the expected/maximum exposure calculation, I believe that this is incredibly misleading and if not changed would be inclined to forward my own interpretation. WE LOST $18MM!!!!!!!!!!!!!!!!!!! - NOT $5MM. I think that we should make a distinction between what has already been realized as opposed to what writedowns need to be taken, but it all better add up to $18MM. Regarding the additional exposures, my impression is that our true expectation for counterparty claims is close to zero while we do expect to terminate one or more employees which would incur severance cost. Ted Fernley Dyson 01/31/2000 11:10 AM To: Sally Beck/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT cc: Subject: Helsinki Report Dear all I've been through the attached with Steve Young and Mark Frevert. Would welcome any thoughts/comments. Thanks Fernley ---------------------- Forwarded by Fernley Dyson/LON/ECT on 31/01/2000 17:02 --------------------------- Fernley Dyson 31/01/2000 16:36 To: Richard Causey/Corp/Enron@ENRON cc: Subject: Helsinki Report Rick, The attached report is an updated version of the document we discussed on Friday of last week. Some of the numbers in the exposure analysis are still draft and I expect firm numbers in the next few hours. My aim would be to streamline this report for the presentation to Joe Sutton, but I would welcome your steer on how you plan to conduct the meeting and whether or not this format is appropriate. Regards Fernley
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