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Lisa,
I have a call into the physical steel lawyer. We will not be able to copy = an=20 existing profile for physical steel. Physical steel is a totally new onlin= e=20 product for us. We, obviously, cannot copy financial steel, because=20 counterparties may be prohibited from trading it if they are not ESP's, if= =20 their master doesn't let them trade steel, etc (the usual swap issues). Wh= at=20 I think my answer is going to be is that there is no legal reason why any= =20 counterparty cannot trade physical steel, so I would open all counterpartie= s=20 up to trade it. I'm checking with the physical steel lawyers to confirm th= is. Just a note, Global Contracts should also not be able to copy a profile,=20 because they should have a totally new GTC dealing with physical steel issu= es=20 specifically. I'm sure Karen will probably copy me in on her email. Just = in=20 case...I want to confirm what Global Contracts is saying for this one... I'll get back to you to confirm the above for Legal. =09Lisa Lees =0901/30/2001 10:02 AM =09=09=20 =09=09 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT =09=09 cc: Kelly Lombardi/NA/Enron@Enron, Tom Moran/HOU/ECT@ECT, Stephanie= =20 Sever/HOU/ECT@ECT =09=09 Subject: Profiles for Steel Physical Products Tana/Karen: The product long descriptions below will fall under the new product types U= S=20 Steel Hot Rolled Physical. Credit (Tom Moran) has approved copying the=20 profiles for the new product types from the following: US Steel Hot Rolled Fin Swap Please respond no later than 10 a.m. on Wednesday, January 31. Thank you. ---------------------- Forwarded by Lisa Lees/HOU/ECT on 01/30/2001 08:44 A= M=20 --------------------------- =20 From: Melba Lozano = =20 01/26/2001 05:19 PM=09 =09 =09 =09 =20 =09 To: Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Lisa=20 Lees/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT cc: Robert B Cass/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie=20 Sever/HOU/ECT@ECT, Carl Carter/NA/Enron@Enron, Kevin=20 Meredith/Corp/Enron@ENRON=20 Subject: Steel Physical Products - approvals / profiles I need approvals and customer profiles by Wednesday January 31 11:00 am. Your review and approval of the following product type in the EOL Datamanag= er=20 is needed (for directions on approval , please see steps for approval at th= e=20 bottom of this e-mail). =20 =20 US HR Steel Phy 12G 48W Chi A569 Feb-April 01 USD/NT m A U.S Hot Rolled Steel Transaction with Enron North America Corp, under whi= ch=20 the Seller shall deliver and the Buyer shall take and pay for the Quantity = of=20 the Goods at the Contract Price. The Contract Price shall be the price=20 submitted by Counterparty via EnronOnline. =20 The term of the Transaction shall be from the Effective Date of 01 Feb 2001= =20 to the Termination Date of 31 April 2001.=20 The Transaction is for hot rolled steel with a Thickness of 12 Gauge and a= =20 Width of 48 inches. The Goods shall be commercial quality, prime, hot roll= ed=20 steel with specifications to ASTM A569 and tolerances to ASTM A568, unless= =20 quality tolerances are outlined in Schedule 2 of the associated General Ter= ms=20 and Conditions. The transaction is F.O.B. Reserve Marine Terminal in=20 Chicago, Ill Metro Area. The Quantity shall be Quantity submitted by=20 Counterparty via EnronOnline (5% greater or lesser allowance at Seller=01,s= =20 option). Each calendar month during the term of the Transaction will be a= =20 Dispatch Period. Enron will guarantee delivery by the last day of each=20 scheduled Dispatch Period and accept supply to the 20th of each scheduled= =20 Dispatch Period. Payment shall be made, against the receipt of the require= d=20 documents outlined in the General Terms and Conditions, in the Contractual= =20 Currency by telegraphic transfer no later than 30 calendar days after the= =20 date on which the Goods are released to Buyer. =20 The price is quoted in dollars (US) per unit of measure, which shall be the= =20 Contractual Currency. The unit of measure against which the price is quoted= =20 shall be net tons (2000 lbs) and the quantity shown shall be in net tons pe= r=20 month.=20 US HR Steel Phy 5/16 48W ChiA635 Feb-April 01 USD/NT m A U.S Hot Rolled Steel Transaction with Enron North America Corp, under whi= ch=20 the Seller shall deliver and the Buyer shall take and pay for the Quantity = of=20 the Goods at the Contract Price. The Contract Price shall be the price=20 submitted by Counterparty via EnronOnline. =20 The term of the Transaction shall be from the Effective Date of 01 Feb 2001= =20 to the Termination Date of 31 April 2001.=20 The Transaction is for hot rolled steel with a Thickness of 5/16=018 and a = Width=20 of 48 inches. The Goods shall be commercial quality, prime, hot rolled ste= el=20 with specifications and tolerances to ASTM A635, unless quality tolerances= =20 are outlined in Schedule 2 of the associated General Terms and Conditions. = =20 The transaction is F.O.B. Reserve Marine Terminal in Chicago, Ill Metro=20 Area. The Quantity shall be Quantity submitted by Counterparty via=20 EnronOnline (5% greater or lesser allowance at Seller=01,s optionEach calen= dar=20 month during the term of the Transaction will be a Dispatch Period. Enron= =20 will guarantee delivery by the last day of each scheduled Dispatch Period a= nd=20 accept supply to the 20th of each scheduled Dispatch Period. Payment shall= =20 be made, against the receipt of the required documents outlined in the=20 General Terms and Conditions, in the Contractual Currency by telegraphic=20 transfer no later than 30 calendar days after the date on which the Goods a= re=20 released to Buyer. =20 The price is quoted in dollars (US) per unit of measure, which shall be the= =20 Contractual Currency. The unit of measure against which the price is quoted= =20 shall be net tons (2000 lbs) and the quantity shown shall be in net tons pe= r=20 month.=20 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D =3D=3D=3D=3D=3D 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 Thanks - Rob Cass - Melba Lozano x35491 x58986 ---------------------- Forwarded by Melba Lozano/HOU/ECT on 01/26/2001 05:0= 6=20 PM --------------------------- Carl Carter@ENRON 01/25/2001 05:53 PM To: Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Kevin=20 Meredith/Corp/Enron@ENRON, Lisa Lees/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT,= =20 Stephanie Sever/HOU/ECT@ECT cc: David Forster/Corp/Enron@Enron, Naveed Ahmed/NA/Enron@Enron, Sean=20 Keenan/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron=20 Subject: Steel Long Descriptions - Physical Products We plan on putting two new Physical Steel product types into Production=20 sometime next week. Jason Althaus already has the GT&Cs and will prepare th= em=20 for upload when the product types are available. Included are final versions of the two short and long product descriptions.= =20 Also included are spreadsheets detailing the location and quality=20 combinations that will initially be shown on the Website. Let me know if you have any questions. Carl
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