Please find below the weekly status update for the GTV project and the attached file for the updated project timeline. Changes are underlined.


GTV status meeting attendees: Zhiyong Wei, Russ Severson, Jeremy Wong, Francis Lim, Nayan Dattani, Dave Nommensen, George Grant, Bill Fortney.

Accomplishments:
? Incorporating physical deal positions in TDS:
o Changes for the view aggregation have been completed.
o Expandable Total in Cash Position has been completed.
? Single point of deal entry for term deals:
o Released to production.
? Gas Daily deals:
o Revisions for changes to PortCalc application to create GDI calc in ERMS are in user test.
o The development for the Curve shift reports has been completed.
o Change CPR PortCalc to value outer month positions is in test.
? Live feeds for Gas Daily/intra-month curves:
o Released to production.
? Saving different views in TDS:
o Completed and is currently in test.
? Capability for desk roll-ups on an ad hoc basis (phase 2):
o New process for roll-up aggregators has been completed.
? Option Grid (phase 2):
o Released to production.
? Gas Daily options (phase 2):
o Released to production.
? Basis Options (phase 2):
o Development of deal entry type for Basis Options has been completed in TAGG.
o Development of loading correlation curves has been completed.
? Transport Deal Capture & Valuation (phase 2):
o Creation of new deal entry type & database changes has been completed.

Plans for the week ending 7/6/01:
? Continue IT development of Phase I items.
o Fix Gas Daily option curve shift calculation in PortCalc.
o Investigate proper ways of handling deal changes and deal re-valuation due to curve changes.
o Migrate PortCalc changes and some of the TDS changes to production on Saturday, July 7th.
? Continue IT development of Phase II issues.
o Change PortCalc to value spread options.
o Option reports (PL reports).
o Change to TAGG/ERMS Translator for transport deal capture.

Issues:
None

Notes
? We are planning to release changes to PortCalc and some of TDS applications this weekend, to facilitate further testing of Cash Position in TDS Position Manager.
? The issue with curve shift calculation of Gas Daily options has been resolved. A new option library function will be used.
? The performance of TDS position manager has been improved in the test version.



Thanks

Zhiyong