Re: FW: Product Type approval for 2 product types (US Residual Fuel

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Ditto Credit.

=09Stephanie Sever/ENRON@enronXgate
=0904/24/2001 04:02 PM
=09=09=20
=09=09 To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen=20
Lambert/HOU/ECT@ECT
=09=09 cc: Lisa Lees/ENRON@enronXgate, Tom Moran/ENRON@enronXgate
=09=09 Subject: FW: Product Type approval for 2 product types (US Residual =
Fuel Oil=20
1% and 3% Crack Spreads)

Tana/Kelly/Karen:

The product long descriptions below will fall under two new product types: =
=20
US Residual Fuel Oil 1% Crack Spread
US Residual Fuel Oil 3% Crack Spread =20
=20
Credit (Tom Moran) has approved copying the profiles for the new product ty=
pe=20
from the following:

US Oil HSFO Fin Swap

Please respond no later than 10 a.m. on Wednesday, April 25.

Thank you.

-----Original Message-----
From: Moran, Tom =20
Sent: Tuesday, April 24, 2001 3:05 PM
To: Sever, Stephanie
Subject: FW: Product Type approval for 2 product types (US Residual Fuel Oi=
l=20
1% and 3% Crack Spreads)

-----Original Message-----
From: Moran, Tom =20
Sent: Monday, April 23, 2001 1:08 PM
To: Lees, Lisa
Cc: Guidroz, Walter
Subject: FW: Product Type approval for 2 product types (US Residual Fuel Oi=
l=20
1% and 3% Crack Spreads)

Lisa,

Please copy the existing counterparty profiles from: =01&US Oil HSFO Fin Sw=
ap=018=20
and use it for these two new products:

US ResidOil Spd NYH 1% Crack Spread
US ResidOil Spd GC 3% Crack Spread =20

Regards,
tm

-----Original Message-----
From: Walker, Chris =20
Sent: Monday, April 23, 2001 12:17 PM
To: Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran, Tom; Swinney,=
=20
John; Taylor, Mark
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Lombardi,=20
Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Meredith, Kevin;=20
Lozano, Melba; Hunter, Larry Joe; Cass, Robert B.
Subject: Product Type approval for 2 product types (US Residual Fuel Oil 1%=
=20
and 3% Crack Spreads)

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=
=20
Corp., under which the Seller pays a Floating Price and the Buyer pays the=
=20
price submitted by Counterparty on the Website (the Fixed Price) in each ca=
se=20
in respect of the Notional Quantity per Determination Period. Each calenda=
r=20
month during the term of the Transaction will be a Determination Period. Th=
e=20
Notional Quantity per Determination Period shall be the volume submitted by=
=20
Counterparty on the Website. The Payment Date(s) will be 5 business days=
=20
after the Floating Price is determinable. The Floating Price shall be the=
=20
Index for the relevant Determination Period.
The term of the Transaction shall be from the Effective Date of 01 Jun 2001=
=20
to the Termination Date of 30 Jun 2001.
The Index for a Determination Period shall be the difference obtained by=20
subtracting (i) the arithmetic average of the daily settlement prices for t=
he=20
prompt month NYMEX Light Sweet Crude Oil Futures Contract for each Pricing=
=20
Date in such Determination Period from (ii) the arithmetic average of the=
=20
mean of the daily quotations for No. 6, 1%S Max appearing under the heading=
=20
"New York/Boston Cargo" in the section entitled "Product Price Assessments"=
=20
for those issues of Platt's Oilgram Price Report published for each Pricing=
=20
Date in such Determination Period. "Pricing Date" means, a day on which=20
Platt's Oilgram Price Report is published and which is also a NYMEX trading=
=20
day.
The price is quoted in US Dollars per unit of volume, which will be the=20
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per=
=20
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=
=20
Corp., under which the Seller pays a Floating Price and the Buyer pays the=
=20
price submitted by Counterparty on the Website (the Fixed Price) in each ca=
se=20
in respect of the Notional Quantity per Determination Period. Each calenda=
r=20
month during the term of the Transaction will be a Determination Period. Th=
e=20
Notional Quantity per Determination Period shall be the volume submitted by=
=20
Counterparty on the Website. The Payment Date(s) will be 5 business days=
=20
after the Floating Price is determinable. The Floating Price shall be the=
=20
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=20
subtracting (i) the arithmetic average of the daily settlement prices for t=
he=20
prompt month NYMEX Light Sweet Crude Oil Futures Contract for each Pricing=
=20
Date in such Determination Period from (ii) the arithmetic average of the=
=20
mean of the daily quotations for No. 6, 3%S appearing under the heading "U.=
S.=20
Gulf Coast Waterborne" in the section entitled "Product Price Assessments"=
=20
for those issues of Platt's Oilgram Price Report published for each Pricing=
=20
Date in such Determination Period. "Pricing Date" means, a day on which=20
Platt's Oilgram Price Report is published and which is also a NYMEX trading=
=20
day.
The price is quoted in US Dollars per unit of volume, which will be the=20
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per=
=20
month and the quantity shown shall be in Barrels per month.

STEPS FOR APPROVAL:

click the START button=20
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD=20
click the Enron Online Production Cluster "START" button =20
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=20
TO APPROVE: Right mouse click on "Approved"

=20