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Enron Mail |
The language in this document does not match exactly what I want to do.
This product allows the user to in effect enter into two separate financial swaps with dissimilar settlement procedures simultaneously. A buyer of this product will in every case be buying the NYMEX prompt contract and entering into a simultaneous sale of an equally leveraged volume of Gas Daily swaps. Each tranaction in this product will create two separate trades to be input into the system. There is no "settlement" of the spread trade. The real problem is working out a procedure for readjusting the number of futures swaps that are traded each day.
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