Per John Lavorato, we killed all desk to desk deals on Dec. 13th. That is why this deal was killed. You mentioned that you had price deals that were not killed. Can you give me deal numbers for those as well and we can take a peak and see why they were not killed. It is our understanding that all desk to desk(book to book) should be killed because no cash actually changes hands. Should this deal have been with an external counterparty?
From: Ayala, Susie
Sent: Thursday, January 10, 2002 4:19 PM
To: Love, Phillip M.
Subject: CGAS Basis
Below is the information for the CGAS book that was killed on 12/13/01. This book should have liquidated in December. Can we get this deal back?
Monthly PV Discount Mid Fixed Mid
Deal Num Pub Code Period Quantity Quantity Factor Price Price Value
ER6451.1 IF-CGT/APPALAC 01-Dec-01 -75,255 -75,255 100.00% -0.119 0.313 $32,497
ER6451.2 IF-CGT/APPALAC 01-Dec-01 75,255 75,255 100.00% -0.119 0.210 -$24,784