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Enron Mail |
Your approval is needed for the following product type in Datamanager.
Please see the steps for approval below. CAN Gas Straddle Option (product type description) CAN NG Stdle Opt (product short description as it appears on the Website) A financial Option Transaction with Enron Canada 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 for each Determination Period shall be the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the absolute difference between the Strike Price and the Index. The Index for each Determination Period shall be the "AECO Monthly Index", where: "AECO Monthly Index" means the price in the "Avg" column published in the table "Canadian Natural Gas Supply Prices", in the Canadian Gas Price Reporter, in the row for "Alberta: AECO "C" & NIT One-Month Spot" for the month in which the applicable Determination Period occurs. The price is quoted in Canadian Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be gigajoules and the quantity shown shall be in GJs per day. The Option Style is European, and the Option Type is a Straddle (the simultaneous purchase or sale of Calls and Puts at the specified Strike Price). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth in the product short description on the website. 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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