|
|
Enron Mail |
The London Credit Trading team ( Commercial and nonCommercial ) are currently
investigating some transactions in the Houston Debt trading book that are inappropriately marked ( in fact one is a complex trade that appears to be 'accrual accounted for' since April ). Bryan Seyfried is in Houston and is keen to understand the facts of any potential 'process failure' - we are liaising with him. The potential write off is, I understand, of the order of $5mm, but I am keen to understand the control issues around any 'process failure' Clearly we need to determine the facts but I thought you should know about some noise out there ! Will revert later tomorrow Mike
|