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Enron Mail |
Jeff,
The below is a draft requesting the creation of a JCC book and an outline = on how the commodity and FX risks will be managed. I have not included any= limits as we should discuss these before hand. A good deal of work has be= en done by Research, FX (Shane) and one of our guys, Rousseau Anai. I have= also included the basic swap model (with hard coded numbers if you are int= erested in road testing) that we have created incorporating a good deal of = the work as well. I showed this to Nowlan while in Cabo and he seemed happ= y. What I am suggesting, however, is that John does not have to wear the r= esearch and fx risk. We we hold this, but be hedged using the methodologie= s described in the note and research's hedge ratios. Research would contin= ue to be involved and evaluating the validity and the correlations on a rea= l time basis. Lastly and perhaps most importantly, we would not be startin= g with the biggest deals in the world. Small, near term and short duration= s will help us prove the concept and refine our understanding. I look forward to speaking to you about this. Joe =20 -----Original Message----- From: =09Anai, Rousseau =20 Sent:=09Thursday, November 01, 2001 5:58 PM To:=09Hirl, Joseph Subject:=09JCC Joe Shane has given the thumbs up. Research looked at it yesterday and are happ= y. Your suggested changes have been made. Regards Rousseau
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