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Enron Mail |
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After discussing the status of our outstanding PA's with credit we have
adjusted the proceess to get us in line with our 3 day turnaround objective. By close of business 11/19 we should have all PA's received prior to 11/16 processed with a status of: ID mailed, waiting on customer info or Requires Div/Branch Resolution. The following process will be used moving forward: PA's received from from Initial Mailout Counterparties with Credit reject status (bankruptcy, E rating 10, 11, 12) will be mailed read only id and letter to indicating a need for them to call us to discuss options for getting execute status ( these calls will be forwarded to credit) PA's received from Initial Mailout Counterparties with Credit reject status ($0 exposure, no info) will be contacted by PCG to obtain a credit contact, Credit will call credit contact and try to obtain required info. Once Credit has contacted counterparty and requested info, PA status report will reflect - Waiting on customer info. Credit will have ownership of moving this issue forward in a timely manner. Credit will give initial mailout counterparties priority over new application requests however the turnaround objective for all PA's remains at three days. New applications and PA's will be forwarded to credit immediately upon receipt (unless it is a muni or utility which will be forwarded to legal first). Credit should not reject a muni or utility for anything other than credit issues. Legal will address legal and regulatory issues. Divisions/Branches with approved parent should have the ability to trade. Dave Forster is trying to develop a work around for the credit upload issue surrounding division/branches. Until this issue is resolved the PA report will state Requires Div/Branch Resolution. PA's which are completed with execute status will state Execute ID mailed PA's which are completed with read only status will state Read-Only ID mailed PA's which are under credit review will state such on the PA report Please contact me immediately if you have an issue with any of the above at 30397. ---------------------- Forwarded by Bob Shults/HOU/ECT on 11/19/99 08:46 AM --------------------------- Lisa Gillette 11/18/99 06:35 PM To: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Grant Oh/CAL/ECT@ECT, Louise Kitchen/LON/ECT@ECT, Rahil Jafry/LON/ECT@ECT, David Forster/LON/ECT@ECT, Molly Harris/HOU/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Product Control - Houston, Paul Goddard/LON/ECT@ECT, Brad Horn/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT cc: Subject: PA REPORT Hello Everyone, Just wanted to let you know that Carrie Southard and I are working on the PA Report together and she will be sending it to you all sometimes. I will be out tomorrow so if you have any questions please contact her at x35472. Thank you, Lisa Gillette
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