GTV Weekly Status Update

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