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Enron Mail |
Evelyn Aucoin (financial gas & power settlements)
I left her a message to provide a more detailed explanation. -----Original Message----- From: Rohauer, Tanya Sent: Thursday, November 15, 2001 1:45 PM To: Shackleton, Sara Subject: RE: Payment Date for financial power transactions where is this coming from? are counterparties asking to be paid throughout the month? or is this coming from our side? -----Original Message----- From: Shackleton, Sara Sent: Thursday, November 15, 2001 1:27 PM To: Sacks, Edward; Radous, Paul; Rohauer, Tanya Subject: Payment Date for financial power transactions All: I am trying to resolve a recurring issue in the financial power group. In the past, we have withheld payment for all swaps with the same counterparty terminating during a calendar month until the fifth Business Day after the floating price is determinable at the end of a month. As a practical matter, calculation of the payment of an aggregate of daily transactions would conceivably wait until the last Business Day of the month when a floating price was needed for one or more of the swaps. How do you feel about payment for multiple trades with a party having varying termination dates throughout a given month? Is this a cash flow issue? Do I need to involve someone from Treasury or Settlements? Please let me know. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713) 646-3490
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