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Enron Mail |
Here's my proposed Description of the above-referenced product as discussed
with Mark: A US Power financial Swap Transaction with Enron North America Corp., under which the Seller pays a Floating Price and the Buyer pays the price submitted by Counterparty on the website (the Fixed Price) in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction or the term of the Transaction if it is less than a calendar month will be a Determination Period. The Notional Quantity per Determination Period shall be the volume for the relevant Determination Period (calculated using the volume submitted by Counterparty via EnronOnline). The Payment Date(s) will be 5 business days Business Days after the Floating Price is determinable. The Floating Price shall be the average of the Index for each day in the relevant Determination Period. I'd be happy to look over a full blown product example to make sure that the Index descriptions work with these products after you have built one. Leslie
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