Re: Audit Request procedure

Joe,

Call Pat Ryder for West desk requests.

DG

From: Larry Joe Hunter 02/08/2001 06:27 PM

To: Ellen Wallumrod/NA/Enron@ENRON, Jeffrey C Gossett/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT
cc:
Subject: Audit Request procedure

Jeff,
Thanks for the lead with Avril Forster, it looks like that will help us in
the near future. Until we can get EnTelligence built to our specifications,
we'll need to continue to go to the different desks to provide Mark-to-Market
valuations for a Counterparty's portfolio.

Desk heads,

Can you provide to Ellen and myself the names of the person on your desk who
we should go to with these requests. Also, please let these persons know
that we will be coming to them often with these requests (we recieve several
per week).

Here's the background of these requests. Because of various accounting
rules, Parties dealing in Derivatives must show third party valuations to
their Auditors. Our group (Confirmations) is responsible for providing MTM
values and open position reports for these parties. We do not have access to
any system that values these deals, but are looking to get the on-line
"EnTelligence" built so that it carries back-dated curves that will allow us
to complete these requests without taking up a Risk person's time and without
having to black out information (Delta/Vol) that is included in a mini-book.

Thanks for the help. We'll try to get these off of your plates as soon as
possible.

Joe