Enron Mail |
When Tom is right, he's right, ditto for me!
Stephanie Sever 02/23/2001 05:38 PM To: Tom Moran/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT cc: Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Lisa Lees/HOU/ECT@ECT Subject: New Product Type (US ResiOil Swap) Tana/Karen: The product long description below will fall under the new product type US ResiOil Swap. Credit (Tom Moran) has approved copying the profiles for the new product type from the following: US Oil HSFO Fin Swap Please respond by 10 a.m. on Tuesday, February 27. Thank you. Stephanie ---------------------- Forwarded by Stephanie Sever/HOU/ECT on 02/23/2001 05:27 PM --------------------------- From: Lisa Lees 02/23/2001 11:23 AM To: Tom Moran/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT cc: Stephanie Sever/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON Subject: New Product Type (US ResiOil Swap) Just a "heads up". This product will be uploaded next week. Stephanie will coordinate with you between today and Monday regarding profiles. ---------------------- Forwarded by Lisa Lees/HOU/ECT on 02/23/2001 10:15 AM --------------------------- Chris Walker 02/23/2001 10:00 AM To: Matthew Adams/Corp/Enron@ENRON cc: Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, 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 Subject: New Product Type (US ResiOil Swap) Matthew, Have you had a chance to look at this? Please let me know if you need additional information. CW I need a sigma factor for the following product type. Thanks, Chris Walker 3-7533 US ResidOil Swap Platts NY No. 6 1% Apr01 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 for the relevant Determination Period (calculated using the volume submitted by Counterparty via EnronOnline). 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 Apr 2001 to the Termination Date of 30 Apr 2001. The Index shall be 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 Reports published for the applicable Determination Period. The price is quoted in US Dollars per unit of measure, 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.
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