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Enron Mail |
Cc: tana.jones@enron.com, kelly.lombardi@enron.com, lisa.lees@enron.com,
tom.moran@enron.com, anthony.campos@enron.com, georgi.landau@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable Bcc: tana.jones@enron.com, kelly.lombardi@enron.com, lisa.lees@enron.com, tom.moran@enron.com, anthony.campos@enron.com, georgi.landau@enron.com X-From: Karen Lambert X-To: Stephanie Sever X-cc: Tana Jones, Kelly Lombardi, Lisa Lees, Tom Moran, Anthony Campos, Georgi Landau X-bcc: X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf Yes, Gloal agrees. From: Stephanie Sever/ENRON@enronXgate on 04/24/2001 03:28 PM To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen=20 Lambert/HOU/ECT@ECT cc: Lisa Lees/ENRON@enronXgate, Tom Moran/ENRON@enronXgate=20 Subject: FW: Product Type approval for 3 product types (Heating Oil Fin=20 Options) Tana/Kelly/Karen: The product long descriptions below will fall under three new product types= : =20 US HeatingOil2 Fin Opt US HeatingOil2 Fin Opt Call US HeatingOil2 Fin Opt Put =20 Credit (Tom Moran) has approved copying the profiles for the new product ty= pe=20 from the following: US HeatingOil2 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 3:04 PM To: Sever, Stephanie Subject: FW: Product Type approval for 3 product types (Heating Oil Fin=20 Options) -----Original Message----- From: Moran, Tom =20 Sent: Monday, April 23, 2001 1:11 PM To: Lees, Lisa Cc: Guidroz, Walter Subject: FW: Product Type approval for 3 product types (Heating Oil Fin=20 Options) Lisa, Please copy the existing counterparty profiles from: =01&US HeatingOil2 Fin= =20 Swap=018 and use it for these three new products: US HtOil Fin Opt Nymex HO AP US HeatOil2 Opt Nymex HO EP US HeatOil2 Opt Nymex HO EC Regards, tm -----Original Message----- From: Walker, Chris =20 Sent: Monday, April 23, 2001 11:12 AM 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 3 product types (Heating Oil Fin Options= ) Your approval is needed for the following 3 product types in Datamanager: US HeatingOil2 Fin Opt US HeatingOil2 Fin Opt Call US HeatingOil2 Fin Opt Put Please do not approve between the hours of 6 am and 11 am. US HtOil Fin Opt Nymex HO AP 85.00 Dec01 c/GL-L A financial Option Transaction with Enron North America Corp., under which= =20 the Seller receives the Premium and the Buyer receives the Cash Settlement= =20 Amount. Each calendar month during the Term of the Transaction will be a=20 Determination Period, provided that if the Term of the Transaction is less= =20 than one calendar month the Determination Period shall be the Term of the= =20 Transaction. The Notional Quantity per Determination Period shall be=20 calculated from the volume submitted by Counterparty on the Website in=20 accordance with the unit of measure. The Premium shall equal the product of= =20 (i) the price submitted by Counterparty via the Website, multiplied by (ii)= =20 the Notional Quantity per Determination Period, multiplied by (iii) the=20 number of Determination Periods during the Term of the Transaction. The=20 Payment Date for the Premium shall be 2 business days after the Trade Date = of=20 the Transaction. The Payment Date(s) for the Cash Settlement Amount shall b= e=20 5 business days after the Cash Settlement Amount is determinable. Where th= is=20 Transaction is a Call Option, the Cash Settlement Amount shall be the great= er=20 of (i) zero, or (ii) the product of (a) the Notional Quantity per=20 Determination Period, multiplied by (b) the Index minus the Strike Price.= =20 Where this Transaction is a Put Option, the Cash Settlement Amount shall be= =20 the greater of (i) zero, or (ii) the product of (a) the Notional Quantity p= er=20 Determination Period, multiplied by (b) the Strike Price minus the Index. The term of the Transaction shall be from the Effective Date of 01 Dec 2001= =20 to the Termination Date of 31 Dec 2001. The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating O= il=20 Contract during the applicable Determination Period. The Index for a=20 Determination Period shall be the simple arithmetic average of the daily=20 settlement prices of the prompt month NYMEX Heating Oil Futures Contract fo= r=20 each Trading Day during such Determination Period. The price is quoted in cents (US) per unit of volume, which will be the=20 Contractual Currency. The unit of measure against which the volume is shown shall be 42,000 gallo= ns=20 per month. The Option style and type shall be an Asian Put/Call. Automatic Exercise is= =20 Applicable. The Strike Price for the Transaction shall be as set forth on the Website. US HeatOil2 Opt Nymex HO EP 85.00 Dec01 c/GL-L A financial Option Transaction with Enron North America Corp., under which= =20 the Seller receives the Premium and the Buyer receives the Cash Settlement= =20 Amount. Each calendar month during the Term of the Transaction will be a=20 Determination Period, provided that if the Term of the Transaction is less= =20 than one calendar month the Determination Period shall be the Term of the= =20 Transaction. The Notional Quantity per Determination Period shall be=20 calculated from the volume submitted by Counterparty on the Website in=20 accordance with the unit of measure. The Premium shall equal the product of= =20 (i) the price submitted by Counterparty via the Website, multiplied by (ii)= =20 the Notional Quantity per Determination Period, multiplied by (iii) the=20 number of Determination Periods during the Term of the Transaction. The=20 Payment Date for the Premium shall be 2 business days after the Trade Date = of=20 the Transaction. The Payment Date(s) for the Cash Settlement Amount shall b= e=20 5 business days after the Cash Settlement Amount is determinable. The Cash= =20 Settlement Amount shall be the greater of (i) zero, or (ii) the product of= =20 (a) the Notional Quantity per Determination Period, multiplied by (b) the= =20 Strike Price minus the Index The term of the Transaction shall be from the Effective Date of 01 Dec 200= 1=20 to the Termination Date of 31 Dec 2001.=20 The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating O= il=20 Options Contract for the applicable Determination Period. The Index for a= =20 Determination Period shall be the settlement price for the NYMEX Heating Oi= l=20 Futures Contract for the applicable Determination Period on the expiration= =20 day of the NYMEX Heating Oil Options Contract for such Determination Period= .=20 The price is quoted in cents (US) per unit of volume, which will be the=20 Contractual Currency.=20 The unit of measure against which the volume is shown shall be 42,000 gallo= ns=20 per month. The Option style and type shall be a European Put ("EP"). Automatic Exercis= e=20 is Applicable. The Strike Price for the Transaction shall be as set forth on the Website.= =20 US HeatOil2 Opt Nymex HO EC 85.00 Dec01 c/GL-L A financial Option Transaction with Enron North America Corp., under which= =20 the Seller receives the Premium and the Buyer receives the Cash Settlement= =20 Amount. Each calendar month during the Term of the Transaction will be a=20 Determination Period, provided that if the Term of the Transaction is less= =20 than one calendar month the Determination Period shall be the Term of the= =20 Transaction. The Notional Quantity per Determination Period shall be=20 calculated from the volume submitted by Counterparty on the Website in=20 accordance with the unit of measure. The Premium shall equal the product of= =20 (i) the price submitted by Counterparty via the Website, multiplied by (ii)= =20 the Notional Quantity per Determination Period, multiplied by (iii) the=20 number of Determination Periods during the Term of the Transaction. The=20 Payment Date for the Premium shall be 2 business days after the Trade Date = of=20 the Transaction. The Payment Date(s) for the Cash Settlement Amount shall b= e=20 5 business days after the Cash Settlement Amount is determinable. The Cash= =20 Settlement Amount shall be the greater of (i) zero, or (ii) the product of= =20 (a) the Notional Quantity per Determination Period, multiplied by (b) the= =20 Index minus the Strike Price. The term of the Transaction shall be from the Effective Date of 01 Dec 200= 1=20 to the Termination Date of 31 Dec 2001.=20 The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating O= il=20 Options Contract for the applicable Determination Period. The Index for a= =20 Determination Period shall be the settlement price for the NYMEX Heating Oi= l=20 Futures Contract for the applicable Determination Period on the expiration= =20 day of the NYMEX Heating Oil Options Contract for such Determination Period= .=20 The price is quoted in cents (US) per unit of volume, which will be the=20 Contractual Currency.=20 The unit of measure against which the volume is shown shall be 42,000 gallo= ns=20 per month. The Option style and type shall be a European Call ("EC"). Automatic Exerci= se=20 is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. 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"
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