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Enron Mail |
Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). If you have any questions please call me at ext. 58986. Trader: Pavel Zadorozhny EXAMPLES: US Crude Fin Opt NYMEX-WTI EC___ May01 USD/bl/m A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Index minus the Strike Price.The Option style and type shall be a European Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 May 2001 to the Termination Date of 31 May 2001. The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for the applicable Determination Period. The Index for each Exercise Period shall be the settlement price of the NYMEX Light, Sweet, Crude Oil Futures Contract for the applicable Determination Period on the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for the applicable Determination Period. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be Barrels per month. Put A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Strike Price minus the Index. The Option style and type shall be a European Put ("EP"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 May 2001 to the Termination Date of 31 May 2001. The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for the applicable Determination Period. The Index for each Exercise Period shall be the settlement price of the NYMEX Light, Sweet, Crude Oil Futures Contract for the applicable Determination Period on the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for the applicable Determination Period. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be Barrels per month. ============================================================================== ===== STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved"
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