Enron Mail

To:bruce.mills@enron.com, sladana-anna.kulic@enron.com, chuck.ames@enron.com,jad.doan@enron.com, patrick.ryder@enron.com, binh.pham@enron.com
Subject:Termination of EnronOnline Trades
Date:Mon, 30 Apr 2001 04:22:00 -0700 (PDT)

FYI - use this document if any of our traders get hit or hit a product by

---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/30/2001
11:21 AM ---------------------------

Jeffrey C Gossett
04/30/2001 07:45 AM
To: Kam Keiser/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
Subject: Termination of EnronOnline Trades

---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/30/2001
07:45 AM ---------------------------

From: Larry Joe Hunter 04/27/2001 05:10 PM

To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Julie Brewer/NA/Enron@Enron
Subject: Termination of EnronOnline Trades


Can you pass on the message below to all of risk. For EnronOnline, no trades
should be "reversed" in TAGG. Simply kill the deal and we'll take care of
the documentation.

Joe Hunter

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 04/27/2001
05:08 PM ---------------------------
From: Tana Jones on 04/27/2001 04:38 PM
To: Kim S Theriot/HOU/ECT@ECT
cc: Mark Greenberg/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Elizabeth Sager/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
Subject: Termination of EnronOnline Trades

Per my discussion with Mark Taylor and our conversation today, attached is
the form of Termination Agreement that should be used when terminating
EnronOnline mistake or "oops" trades. The trades should continue to be
initially run past the Legal Department to determine whether there are any
unusual circumstances surrounding the trades, but absent unusual
circumstances, Legal will then pass the trades on to the Confirmation Desk
for preparation of the Termination Letter and further handling. These same
procedure should apply to physical as well as financial transactions.

Since this is a contract, the agreement will require the initials of a lawyer
and signature of a VP or above for the relevant company. The Termination
Letter should be brought to the appropriate Legal Group for signature.

The current policy with respect to mistake trades is that the trade should be
terminated. Reverse trades should not be entered into.

If you have any questions, please call.