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Enron Mail |
Yes, Global agrees.
From: Lisa Lees on 04/18/2001 08:38 AM To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen Lambert/HOU/ECT@ECT cc: Stephanie Sever/HOU/ECT@ECT Subject: Profiles needed for US Weather BP BDD Swap Tana/Kelly/Karen: The product long description below will fall under the new product type US Weather BP BDD Swap. Credit (Tom Moran) has approved copying the profiles for the new product type from the following: US Weather CDD Swap Please respond no later than 11 a.m. on Wednesday, April 18. Thank you. ----- Forwarded by Lisa Lees/HOU/ECT on 04/17/01 10:31 PM ----- Kevin Meredith@ENRON 04/09/01 03:59 PM To: Mark Taylor/HOU/ECT@ECT, Tom Moran/Enron@EnronXGate, Jeff Blumenthal/Enron@EnronXGate, Susan Musch/Enron@EnronXGate, Bjorn Hagelmann/Enron@EnronXGate, Matthew F Gockerman/Enron@EnronXGate, Larry Joe Hunter/HOU/ECT@ECT cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Sandeep Ramachandran/ENRON@enronXgate, Carl Carter/NA/Enron@Enron Subject: Approval needed for US Weather Swap Your review and approval of the following product type in the EOL Datamanager is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). If you have any questions please call me at ext. 39555. ********* DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM - 11AM*********** US Wthr BP BDD Swap Bond Portfolio [Nov00/Oct01] USD/BDD A US Weather Bond Portfolio Basket Degree Day Financial Swap Transaction with Enron North America Corp., under which the Seller is obliged to pay the Payment Amount to the Buyer where the Floating Amount is above the Strike Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller where the Floating Amount is below the Strike Amount. The Floating Amount is the sum of the Underlying Payment Amounts for the Underlying Transactions. The Strike Amount shall be the amount submitted in the "price" field by Counterparty via the Website. The Notional Amount is the quantity submitted by Counterparty via the Website. The Payment Amount is the product of (i) the Notional Amount and (ii) the absolute value of the difference between the Floating Amount and the Strike Amount. The Calculation Period is from and including the Effective Date of November 1, 2000 to and including the Termination Date of October 31, 2001. The Calculation Period shall commence at 12:01am on the Effective Date and conclude at 12:00am on the Termination Date at the relevant Reference Weather Station or Fallback Station for the Underlying Transactions. The Basket of Reference Weather Stations for the Underlying Transactions and the terms and conditions for such Underlying Transactions as well as the respective Fallback Stations are set forth in the GTC. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. BDD shall mean Basket Degree Day. The Reference Basis shall be in Degrees Fahrenheit as specified for each relevant Reverence Weather Station. The Maximum Payout Limit is ____ USD, multiplied by the quantity submitted by the Counterparty via 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 "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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