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Enron Mail |
Georgeanne told Eugenio about another Enron stock swap. This one is very
large, with an exposure to 12 million shares (though it is a little hedged by the Phantom swap). As a result, the VaR for non-trading securities increased from an average $6 to $39 million. We also recalculated Merchant Asset VaR. Regards, Adarsh and Eugenio
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