|
|
Enron Mail |
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Tana Jones X-To: Lisa Lees X-cc: X-bcc: X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf That Tom is a smart man, I'm just going to have to mirror him! Lisa Lees 04/17/2001 10:30 PM To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen Lambert/HOU/ECT@ECT cc: Stephanie Sever/HOU/ECT@ECT Subject: RGC3, PP-HP, Ethylene, and LLDPE Call & Put Approvals - 8 product types! Tana/Kelly/Karen: The product long descriptions below will fall under the 8 new product types: US RGC3 Fin Opt Call US RGC3 Fin Opt Put US Ethylene Fin Opt Call US Ethylene Fin Opt Put US LLDPE Fin Opt Call US LLDPE Fin Opt Put US PP-HP Fin Opt Call US PP-HP Fin Opt Put Credit (Tom Moran) has approved copying the profiles for all of these new product types from the following: US Plastic RGC3 Fin Swap Please respond no later than 11 a.m. on Wednesday, April 19. Thank you. ----- Forwarded by Lisa Lees/HOU/ECT on 04/17/01 10:16 PM ----- Melba Lozano 04/16/01 02:24 PM To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/Enron@EnronXGate, Susan Musch/Enron@EnronXGate, Bjorn Hagelmann/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Veronica Hill/ENRON@enronXgate, John Swinney/Enron@EnronXGate cc: Larry Joe Hunter/HOU/ECT@ECT, 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, Kevin Meredith/Corp/Enron@ENRON, Chris Walker/HOU/ECT@ECT, Chad South/NA/Enron@Enron Subject: RGC3, PP-HP, Ethylene, and LLDPE Call & Put Approvals - 8 product types! Your review and approval of the following product types 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. 58986. ******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM - 11AM*********** Trader: Chad South #1 RGC3 Call US RGC3 Opt CMAI EC.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Index minus the Strike Price. The Option style and type shall be a European Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the arithmetic average of the high and low prices in Cents/Pound of Refinery Grade Propylene published under the headings "North America Product Prices for (DATE): RG Propylene Contract - Freely Neg." in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #2 RGC3 Put US RGC3 Opt CMAI EP.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Strike Price minus the Index. The Option style and type shall be a European Put ("EP"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the arithmetic average of the high and low prices in Cents/Pound of Refinery Grade Propylene published under the headings "North America Product Prices for (DATE): RG Propylene Contract - Freely Neg." in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #3 PP-HP Call US PP-HP Opt CMAI EC.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Index minus the Strike Price. The Option style and type shall be a European Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the low price in Cents/Pound of Polypropylene - homopolymer general purpose published under the headings "North America Product Prices for (DATE): Polypropylene Domestic" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #4 PP-HP Put US PP-HP Opt CMAI EP.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Strike Price minus the Index. The Option style and type shall be a European Put ("EP"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the low price in Cents/Pound of Polypropylene - homopolymer general purpose published under the headings "North America Product Prices for (DATE): Polypropylene Domestic" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #5 Ethylene Call US Ethylene Opt CMAI EC.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Index minus the Strike Price. The Option style and type shall be a European Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the Cents/Pound price of Ethylene Monomer published under the headings "North America Product Prices for (DATE): Ethylene Net Transaction Contract" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #6 Ethylene Put US Ethylene Opt CMAI EP.30 Jul-Dec01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Strike Price minus the Index. The Option style and type shall be a European Put ("EP"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall be from the Effective Date of 01 Jul 2001 to the Termination Date of 31 Dec 2001. The Index for a month shall be the Cents/Pound price of Ethylene Monomer published under the headings "North America Product Prices for (DATE): Ethylene Net Transaction Contract" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #7 LLDPE Call US LLDPE Opt CMAI EC.30 Jul-Sep01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Index minus the Strike Price. The Option style and type shall be a European Call ("EC"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index for a month shall be the arithmetic average of the high and low Cents/Pound prices of Linear Low Density Polyethylene - Butene film grade published under the headings "North America Product Prices for (DATE): LLDPE Domestic" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. #8 LLDPE Put US LLDPE Opt CMAI EP.30 Jul-Sep01 c/LB A financial Option Transaction with Enron North America Corp., under which the Seller receives the Premium and the Buyer receives the Cash Settlement Amount. Each calendar month during the Term of the Transaction will be a Determination Period, provided that if the Term of the Transaction is less than one calendar month the Determination Period shall be the Term of the Transaction. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Premium shall equal the product of (i) the price submitted by Counterparty via the Website, multiplied by (ii) the Notional Quantity per Determination Period, multiplied by (iii) the number of Determination Periods during the Term of the Transaction. The Payment Date for the Premium shall be 2 business days after the Trade Date of the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be 5 business days after the Cash Settlement Amount is determinable. The Cash Settlement Amount shall be the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per Determination Period, multiplied by (b) the Strike Price minus the Index. The Option style and type shall be a European Put ("EP"). Automatic Exercise is Applicable. The Strike Price for the Transaction shall be as set forth on the Website. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index for a month shall be the arithmetic average of the high and low Cents/Pound prices of Linear Low Density Polyethylene - Butene film grade published under the headings "North America Product Prices for (DATE): LLDPE Domestic" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds.
|