Enron Mail

To:victor.guggenheim@enron.com, bruce.mills@enron.com,andres.balmaceda@enron.com, sladana-anna.kulic@enron.com, chuck.ames@enron.com, jad.doan@enron.com
Subject:Canadian Logic uploaded this weekend into EOL
Date:Fri, 23 Mar 2001 07:14:00 -0800 (PST)

---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/23/2001
03:10 PM ---------------------------

Jeffrey C Gossett
03/23/2001 02:03 PM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Subject: Canadian Logic uploaded this weekend into EOL

---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 03/23/2001
02:02 PM ---------------------------

Dawn C Kenne
03/23/2001 01:35 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Kathy Reeves/CAL/ECT@ECT
cc: Tara Sweitzer/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Jennifer
deBoisblanc Denny/HOU/ECT@ECT
Subject: Canadian Logic uploaded this weekend into EOL

Jeff and Kathy,

After much testing, the logic will be placed into production this evening
that will book the two legs for the counterparties that have master
agreements with ECC and hit a US product. I have had Victor Guggenheim
review the following deals in tagg stage but you may want to review as well
and let me know if everything looks alright.

QT8025 Dynegy Canada
QT8034 TransCanada

This logic will create the two legs for the price and basis swaps when a
counterparty with a master agreement with ECC hits a US product. The first
leg will be between ECC and the external counterparty and risk assigned to
FT-US/CAND-ERMS. The second leg is simply the flip from FT-US/CAND-ERMS to
the appropriate US book (the book mapped at the product level). These
examples illustrate this logic. This logic is also set up for the 40+
counterparties that have the master agreements with ECC.

If you see any problems with the example deals or in the logic described
above, please call me before end of business today so we can stop this from
going into production. Please forward to you groups to inform them of the
change. Please let us immediately if something is not correct on these deals
on Monday.

Thank you,