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Enron Mail |
New Product Type (US ResiOil Swap)
Tana/Karen: The product long description below will fall under the new product type US Gas Fin Spread. Credit (Tom Moran) has approved copying the profiles for the new product type from the following: US Gas Fin Swap Please respond by 3p.m. on Tuesday, February 27. Thank you. Stephanie ---------------------- Forwarded by Stephanie Sever/HOU/ECT on 02/26/2001 05:41 PM --------------------------- Enron North America Corp. From: Kevin Meredith @ ENRON 02/21/2001 03:46 PM To: Matthew Adams/Corp/Enron@ENRON cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Matthew F Gockerman/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT Subject: Need a Sigma Factor - US Gas Financial Spread Please provide a Sigma Factor for the following product. Thanks. US Gas Fin Spread Nymex Spread Mar-Apr01 USD/MM A financial Spread Transaction with Enron North America Corp. which will generate a Transaction on each of two Products, under which either (A) for the case in which Counterparty submits an offer to buy from Enron, Counterparty shall buy the First Product and sell the Second Product, each in respect of the Notional Quantity per Determination Period; or (B) for the case in which Counterparty submits an offer to sell to Enron, Counterparty shall sell the First Product and buy the Second Product, each in respect of the Notional Quantity per Determination Period. The fixed price for the First Product will be the midpoint of its bid and offer price at the time of the Transaction. The fixed price for the Second Product will be the midpoint of the bid/offer of the First Product, modified by the price submitted by the Counterparty on the Website. The Notional Quantity per Determination Period for the Transactions on both the First Product and the Second Product is the volume submitted by the Counterparty via the Website. The Payment Date for each transaction will be 5 business days after the relevant Floating Price is determinable. The Floating Price for each Transaction shall be the average of the Index for each day in the relevant Determination Period. For the purposes of this Transaction, the Determination Period for the First Product shall correspond to the first date which appears above. The Determination Period for the Second Product shall correspond to the second date which appears above. The Index for each transaction shall be the settlement price for the last scheduled Trading Day of the NYMEX Henry Hub Natural Gas Futures 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 volume is shown shall be 10,000 MMBtu's per day.
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