Enron Mail

From:mark.taylor@enron.com
To:bryan.seyfried@enron.com
Subject:Re: Hard Facts Needed
Cc:paul.simons@enron.com
Bcc:paul.simons@enron.com
Date:Mon, 28 Feb 2000 00:30:00 -0800 (PST)

Bryan -

In fact, in order to get this first list of 200 or so on the
non-transactional web page, we conducted only a very brief legal review in
Houston - th full review takes much longer since it involves input from a
variety of people.

Mark




Bryan Seyfried
02/27/2000 05:12 AM
To: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Eklavya
Sareen/LON/ECT@ECT
cc: David Forster/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Weekes/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT
Subject: Re: Hard Facts Needed

I suggest choosing the reference credits for online trading from the already
approved reference credits which appear on EnronCredit.com. My recollection
is that there currently is not a separate approval process from either a
credit or legal perspective. Let's review everything for EOL prior to the
states getting to the office on Monday and get an email out with the list of
reference credits.

bs



David Forster
25/02/2000 14:49
To: John Metzler/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT

Subject: Re: Hard Facts Needed

New reference entities - as with any other new Products, should be submitted
to the Product Control Group (Amita Gosalia).

The PCG will then be responsible for the text of the new Products and
obtaining the necessary approvals.

However, in accordance with our discussions with Bryan, EnronOnline will be
limited to 20 reference entities until after we have settled on the credit
derivatives update/volume requirements, which may or may not feed into a
phase 2 development of the EnronOnline site.

Dave



John Metzler
02/25/2000 11:30 AM
To: David Forster/LON/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT

Subject: Re: Hard Facts Needed



Paul:

Will there be a different process for approving names as references on
EnronCredit.com (non web-trading) and EOL?

Furthermore, you, Edmund, Tomas and I need to establish a process fro
regular and smooth approval of new reference names, a checklist if you will.

Meet this afternoon, before you depart?
My diary is open







David Forster
24/02/2000 18:40
To: Paul Simons/LON/ECT@ECT
cc: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Edmund Cooper/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Michael R
Brown/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT

Subject: Re: Hard Facts Needed

We are planning on having credit trading ready for EnronOnline launch on
March 8.

I believe the legal due diligence and credit due diligence is now complete.

The initial list of 50 customers have been approved for credit trading.

Of the 20 reference entities, only the following have been approved:

Reference Entity Approval Status

Birka Energi AB Approved
Graningeverkens A/B Approved
London Electricity Approved
Scottish and Southern Energy plc Approved
Seeboard plc Approved
Sydkraft AB Approved
Cinergy Corp Approved


The following have not been approved:

BC Group plc
Hyder plc
National Power plc
PowerGen UK
Scottish Power UK plc
Duke Energy Corp
Dynegy Inc.
El Paso Energy Corp
Pacific Gas & Electric Company
The Southern Company Inc
Lucent Technologies
Nortel Networks Corp
Reliant Energy Inc

Dave





Paul Simons
02/24/2000 06:14 PM
To: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT,
David Forster/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Bryan
Seyfried/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT

Subject: Hard Facts Needed

In Bryan's absence, please work together where necessary to let Mark Taylor,
Ed and me know/have the following as soon as possible so we can finalise our
legal due diligence before launch of online credit trading:

best estimate of the launch date for credit trading
the final list of counterparties
the final list of reference credits

Thanks

Paul