Re: Sitara deal 637118

Can you download 96005067 for me?
----- Forwarded by Dan J Hyvl/HOU/ECT on 03/01/2001 07:45 AM -----

Stacey Richardson
02/28/2001 02:21 PM

To: Sharon Gonzales/NA/Enron@ENRON
cc: Dan J Hyvl/HOU/ECT@ECT, Elizabeth L Hernandez/HOU/ECT@ECT
Subject: Re: Sitara deal 637118

Just to confirm what Dan Hyvl told me:

Use GTCs on both those deals until he can review the Single Transaction
Purchase Firm contract (96005067). Based on preliminary information, he
feels that this contract was not set up to use as a master. If Dan later
determines that those transactions should indeed be under the contract, we
can change the contract and inform the Confirms group (and Logistics if
necessary) accordingly.

Please keep Elizabeth informed of what's going on.

I'll keep you posted on what Dan wants us to do.

Thanks,
SBR

Sharon Gonzales@ENRON
02/28/2001 08:27 AM
To: Stacey Richardson/HOU/ECT@ECT
cc:
Subject: Re: Sitara deal 637118

Stacey,

FYI

I had to go ahead a set up a GTC for this deal and another deal just like it
with the same cp and term dates 643625.

Maybe we can go over these today.

Thanks,
Sharon

Stacey Richardson@ECT
02/26/2001 12:15 PM
To: Sharon Gonzales/NA/Enron@ENRON
cc:

Subject: Re: Sitara deal 637118

Remember I have to leave early today, so if we don't get to it today then
please remind me first thing tomorrow and we'll finish our review of it. If
Elizabeth calls you regarding the deal, you can set up a GTC if necessary but
I'd rather be sure before we do anything else. Since gas doesn't flow on
this deal until 03/01/01, it shouldn't be an issue today.

THANKS!
SBR

Sharon Gonzales@ENRON
02/26/2001 09:23 AM
To: Stacey Richardson/HOU/ECT@ECT
cc:
Subject: Re: Sitara deal 637118

Hey Stacey,

Thanks for the clarification, no problem......I just want to make sure you
know this is the committed reserve contract that you said we will research
later, that is why it is still there.

Sharon

Stacey Richardson@ECT
02/26/2001 08:58 AM
To: Sharon Gonzales/NA/Enron@ENRON
cc:

Subject: Re: Sitara deal 637118

Sharon,

I'm not trying to make a big deal of it. I also think that Elizabeth would
let you know if there was an issue on a particular deal.

This deal did NOT have a contract attached; I checked the audit tab to see
when Elizabeth approved it (the comment will read "added user tag"). I just
realized that the time was actually 5:30 when she approved it (gee, I can't
subtract 12:00 from military time). I apologize.

I'm still showing the deal without a contract attached. Maybe we have a
Sitara issue if you've already attached a deal. I know we sometimes to have
to open another version of deal manager to see a contract, but I've done that
already and still don't see a contract. Let me know if you see the same
thing.

I'm sorry if I came across the wrong way - the trouble with email vs.
face-to-face communication. I just wanted to make sure you knew about our
policy and was afraid someone had overlooked telling you during training.

FYI - once a telephonic deal has a contract attached, it will stay in your
portfolio until the deal is VALIDATED.

Hope this clears everything up!

Thanks,
SBR

Sharon Gonzales@ENRON
02/26/2001 08:30 AM
To: Stacey Richardson/HOU/ECT@ECT
cc:
Subject: Re: Sitara deal 637118

Hi Stacey,

I was not aware of that deal, and actually did not leave till about 5:15 on
Friday. I have never left any outstanding deals out that I know of. I have
two scenarios, either it did not show up on my portfolio immediately after
being released ( this has happened; where Liz has called and a particulary
deal has not shown up yet. In that case, I closed and re-opened the
portfolio) or either there were several fwd's still sitting out in that
portfolio that had not been removed even though a contract was attached.

It has always been my practice to keep checking the telephonic and make sure
they do have contracts attached since they sit out there so long.

Thanks,
Sharon

Stacey Richardson@ECT
02/26/2001 07:59 AM
To: Sharon Gonzales/NA/Enron@ENRON
cc:

Subject: Sitara deal 637118

Hi Sharon,

I was checking the portfolios this morning and noticed a deal input on Friday
around 4:30 that didn't have a contract attached. We usually don't get too
many deals coming in that late in the day, but please make sure to check your
portfolios throughout the day and before you leave. Even though this deal
won't flow until 03/01/01, it is our policy to make sure that there are NO
outstanding deals without contracts attached when we leave the office every
day. We will have exceptions, such as waiting on addition information or
requesting clarification on something, that are OK to leave unattached. I
also know that Deal Capture does not always validate deals once we have
attached contracts, but our group has committed to clear all unattached
(non-problem) deals each day.

Please let me know if you have any questions or issues with that particular
deal. I wasn't sure if you knew our group policy and I just wanted to make
sure we don't get nailed on it some day. I know you've been pretty busy
handling other desks as well, and I appreciate that.

Thanks!
SBR