Product Type approval for 2 product types (US Residual Fuel Oil 1%

Cc: lisa.lees@enron.com, stephanie.sever@enron.com, tana.jones@enron.com,
karen.lambert@enron.com, kelly.lombardi@enron.com,
tara.sweitzer@enron.com, dawn.kenne@enron.com,
torrey.moorer@enron.com, kevin.meredith@enron.com,
melba.lozano@enron.com, larry.hunter@enron.com,
robert.cass@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: lisa.lees@enron.com, stephanie.sever@enron.com, tana.jones@enron.com,
karen.lambert@enron.com, kelly.lombardi@enron.com,
tara.sweitzer@enron.com, dawn.kenne@enron.com,
torrey.moorer@enron.com, kevin.meredith@enron.com,
melba.lozano@enron.com, larry.hunter@enron.com,
robert.cass@enron.com
X-From: Chris Walker
X-To: Jeff Blumenthal, Susan Musch, Bjorn Hagelmann, Tom Moran, John Swinney, Mark Taylor
X-cc: Lisa Lees, Stephanie Sever, Tana Jones, Karen Lambert, Kelly Lombardi, Tara Sweitzer, Dawn C Kenne, Torrey Moorer, Kevin Meredith, Melba Lozano, Larry Joe Hunter, Robert B Cass
X-bcc:
X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents
X-Origin: JONES-T
X-FileName: tjones.nsf

Your approval is needed for the following 2 product types in Datamanager:

US Residual Fuel Oil 1% Crack Spread
US Residual Fuel Oil 3% Crack Spread

Please do not approve between the hours of 6 am and 11 am..

US ResidOil Spd NYH 1% Crack Spread Jun01 USD/bl/m

A US Residual Fuel Oil financial Swap Transaction with Enron North America
Corp., under which the Seller pays a Floating Price and the Buyer pays the
price submitted by Counterparty on the Website (the Fixed Price) in each case
in respect of the Notional Quantity per Determination Period. Each calendar
month during the term of the Transaction will be a Determination Period. The
Notional Quantity per Determination Period shall be the volume submitted by
Counterparty on the Website. The Payment Date(s) will be 5 business days
after the Floating Price is determinable. The Floating Price shall be the
Index for the relevant Determination Period.
The term of the Transaction shall be from the Effective Date of 01 Jun 2001
to the Termination Date of 30 Jun 2001.
The Index for a Determination Period shall be the difference obtained by
subtracting (i) the arithmetic average of the daily settlement prices for the
prompt month NYMEX Light Sweet Crude Oil Futures Contract for each Pricing
Date in such Determination Period from (ii) the arithmetic average of the
mean of the daily quotations for No. 6, 1%S Max appearing under the heading
"New York/Boston Cargo" in the section entitled "Product Price Assessments"
for those issues of Platt's Oilgram Price Report published for each Pricing
Date in such Determination Period. "Pricing Date" means, a day on which
Platt's Oilgram Price Report is published and which is also a NYMEX trading
day.
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 and the quantity shown shall be in Barrels per month.

US ResidOil Spd GC 3% Crack Spread Jun01 USD/bl/m

A US Residual Fuel Oil financial Swap Transaction with Enron North America
Corp., under which the Seller pays a Floating Price and the Buyer pays the
price submitted by Counterparty on the Website (the Fixed Price) in each case
in respect of the Notional Quantity per Determination Period. Each calendar
month during the term of the Transaction will be a Determination Period. The
Notional Quantity per Determination Period shall be the volume submitted by
Counterparty on the Website. The Payment Date(s) will be 5 business days
after the Floating Price is determinable. The Floating Price shall be the
Index for the relevant Determination Period.
The Effective Date is 01 Jun 2001. The Termination Date is 30 Jun 2001.
The Index for a Determination Period shall be the difference obtained by
subtracting (i) the arithmetic average of the daily settlement prices for the
prompt month NYMEX Light Sweet Crude Oil Futures Contract for each Pricing
Date in such Determination Period from (ii) the arithmetic average of the
mean of the daily quotations for No. 6, 3%S appearing under the heading "U.S.
Gulf Coast Waterborne" in the section entitled "Product Price Assessments"
for those issues of Platt's Oilgram Price Report published for each Pricing
Date in such Determination Period. "Pricing Date" means, a day on which
Platt's Oilgram Price Report is published and which is also a NYMEX trading
day.
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 and the quantity shown shall be in 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"