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Enron Mail |
Thanks for the update. I think it shows how starved for new products these
exchanges are. I'm not a fan of teaming up with these kinds of entities. It's unclear what they bring, and how does this help us? what do you think? Jeff Thor Lien 11/24/2000 01:16 AM To: Jeffrey A Shankman/HOU/ECT@ECT cc: Subject: Weather: meeting with HEX Jeff We have had some meetings with the Helsinki Stock Exchange, and they are very eager to link to us on Weather. What's your general opinion about linking EOL to other Exchanges when it comes to Weather contracts? Thor ---------------------- Forwarded by Thor Lien/OSL/ECT on 24/11/2000 08:11 --------------------------- Sami Tenngren 16/11/2000 15:31 To: Thor Lien/OSL/ECT@ECT, Bjarne Schieldrop/OSL/ECT@ECT cc: Preben Richter/OSL/ECT@ECT Subject: Weather: meeting with HEX Meeting with the Helsinki Stock Exchange (HEX) went well and the future opportunities for both parties were discussed. They were very eager to list HDD swaps (and options at the Exchange) and this should be done by this coming spring. Below some bullet points from the meeting: "deadline is spring Enron as one of the market makers They would need our help in formulating the product descriptions for the local authorities in Finland They are looking at listing a few points in Finland to start with and then maybe adding other Nordic / European points They will provide clearing services for the products They will also market the products and give training to institutions as well as private investors/hedgers Next steps: They will contact other players regarding the weather derivatives. However, it seems that they see us as "the one" in this market and therefore would like us to help them out in the beginning. They will get back to us during this month to give us an update and outline the future process in more detail. How do you feel about this? Are we interested in becoming a market maker? I feel that it would a great opportunity for us i.e. increased liquidity and they would do most of the marketing and training. They are also in a co-op with Eurex, which could open more doors for us in the continental market. -------------- They have also to some extent investigated the possibility to list Real Estate derivatives at the Exchange. The way to do this would be to construct an index based on the closed deals in the real estate market. There could be separate indeces for the different part of the country or just one common one. Is this something we could do as well?? It would be a good instrument for institutions with large real estate portfolios as well as private investors (those saving for a house or the ones owning real estate).
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