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Enron Mail |
Per my voice mail...somehow my intent to copy you on this didn't work.
Shona's extension is 39123 and she is sitting on the 30th floor. --Sally ---------------------- Forwarded by Sally Beck/HOU/ECT on 05/25/2000 07:35 PM --------------------------- Enron North America Corp. From: Sally Beck 05/23/2000 09:34 AM To: Milind Laad/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Re: Enron Trading My new employee who will be working with me on global standards for operations for all trading/origination locations started with Enron yesterday. Her name is Shona Wilson, and I do not know her extension. She was in orientation yesterday, and I will be meeting with her today from 9:30 to 10:30 to discuss her initial assignments, of which working with India is one. I will have her contact you later today. Although she is new to Enron, she has had extensive experience with Price Waterhouse Coopers in internal audit, controls and process redesign for trading firms, both in the US and in Europe. She will work with other seasoned professionals on my team to set up the infrastructure that is needed in India. --Sally To: Wanda Curry/HOU/ECT@ECT cc: Sally Beck/HOU/ECT@ECT, Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: Enron Trading Wanda/Sally, Can I talk to the person sometime today or tomorrow?. Please provide me with the name and tel no. Thanks and Regards. Milind Wanda Curry@ECT 19-05-2000 08:49 PM To: Milind Laad/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Sally Beck/HOU/ECT@ECT Subject: Re: Enron Trading I had a chance to review your presentation. Bill and I have been working with Sally Beck, Global Energy Ops and she will identify a resource to help insure all internal controls (specific to trading activities) are in place in India. As I understand the plan for coal, India will function mostly as an origination unit with the London office being responsible for supplying the coal. Therefore, the net Enron position will probably be carried in the London books. However, risk books will still be required in India to determine the net MTM for the 3rd party sales commitments in India. These books should include both the intercompany purchase from London and the 3rd party sales. The commercial group in India will be responsible for local curves (location (basis) specific - usually transportation costs), and energy operations (this will probably be you initially until the trading activity has grown) will be responsible for the deal capture process (including contract administration), a settlement process and risk management administration (daily valuation and reporting of risk books). Accounting will be responsible for the reconciliation of risk books to the general ledger and financials. There will also be a logistics process. The following questions need to be addressed: With the increased coal volumes will an increase in trading limits be required? My understanding that the London coal group will be responsible for determining this and working with Ted Murphy to change the policy, if necessary. What trading activities will be performed in India vs. London? The answer to this is needed to determine the control infrastructure required for the India office. Sally's employee starts on Monday, I will let you know who she is and arrange a call. You can rest assured, that although this may seen complicated (and it is), Sally's Energy Ops team will be able to hold your hand all the way through this process. It will be critical that we demonstrate the control infrastructure is in place, before we can obtain sigh-off for trading from Rick Buy. Looking forward to helping you get this ready for a July 1 start date. Thanks, Wanda Curry To: Wanda Curry@ECT cc: Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Enron Trading Wanda, It was nice talking to you on the conference call. Have you had a chance to review my presentation?. Your comments would be extremely helpful to me. When we setup the Risk/Credit/Accnt/MIS/Internal Control function, I want to make sure we do it RIGHT the FIRST time, keeping in mind that there is always room for improvement later. In addition, I would like to discuss with you certain thought I have on the accounting, budgeting,internal controls and internal audit areas in EIPL. Do you plan to travel to India in the near future. Please let me know. Thanks and Regards.
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