Re: Agenda for NY MG Metals Visit

Lloyd,

No problem. I wanted to make sure that everybody realizes how
detailed-oriented our tasks are
and that we have to be in direct communication with our counterparties.

Vince

Enron Capital & Trade Resources Corp. - Europe

From: Lloyd Fleming 07/14/2000 10:40 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam
Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale
Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: Re: Agenda for NY MG Metals Visit

Vince,

I certainly think Anjam & Tanya should visit NY, but I simply had a concern
that some of the questions being asked had already been covered by Anjam /
myself and Andreas but had somehow not been communicated.

My message was not intended to convey any another impression. I've also now
spoken with Anjam & Tanya and clarified this.

regards

Lloyd

Vince J Kaminski
14/07/2000 15:04
To: Lloyd Fleming/LON/ECT@ECT
cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam
Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale
Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT

Subject: Re: Agenda for NY MG Metals Visit

Lloyd,

Speaking from experience, I think that it's critical for Tanya and Anjam to
visit MG in New York
and establish direct relationship with technical people. Merging two risk
management systems
requires handling many very technical issues and face to face discussions
between IT and quants
will be very helpful.

Vince

From: Lloyd Fleming 07/14/2000 03:42 AM

To: Tanya Tamarchenko/HOU/ECT@ECT
cc: Andreas.Barschkis@mgusa.com @ ENRON, Richard Sage/LON/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: Re: Agenda for NY MG Metals Visit

Tanya,

I think most of your queries can be dealt with on the phone - I'll be at MG
with Andreas today and we'll call you. Most of these points have already
been covered with Anjam in any case. I'm also attaching a file downloaded
from Mercur (MG's risk aggregation system) showing monthly total positions
for each metal in each entity. You can fairly easily create tables and graph
what you want to see. We can talk today about getting a full deal download.

Regards

Tanya Tamarchenko
13/07/2000 22:45
To: Andreas.Barschkis@mgusa.com @ ENRON
cc: Dale Surbey/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, Richard
Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT,
Stinson Gibner/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT

Subject: Agenda for NY MG Metals Visit

Hi Andreas,

Here are the issues we would like to discuss on our Thursday meeting in NY:

1. Inputs for options valuation, in particular the origins of volatility
curves;
2. Information on exotic options structures (existing & potential);
3. The data flow (are we going to get data from London or NY).
4a. Storage of positions information at MG. How to extract the positions
info from
MG database into spreadsheets.
4b. Existing positions structure for each metal.
5. Introduction to concentrates trading business, key personnel.

Best Regards,

Tanya & Anjam

713 853 3997