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Looks good to me. Are we certain that all of the other traders plan to post
daily volumes? David Forster 10/08/99 09:51 AM To: Elena Kapralova/LON/ECT@ECT, Mark E Taylor/HOU/ECT@ECT cc: Bob Shults/HOU/ECT@ECT, Marcello Romano/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT Subject: Re: Paper Volumes That looks fine to me. Please ensure the Volume tab is consistent with this description as well. Mark: Please comment if you have any concerns. Thanks, Dave Elena Kapralova 08/10/99 12:18 To: David Forster/LON/ECT@ECT cc: Bob Shults/HOU/ECT@ECT, Marcello Romano/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT Subject: Re: Paper Volumes the current paper descriptions says: "....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 will be a Determination Period. The Notional Quantity per Determination Period is the volume submitted multiplied by the number days in the relevant Determination Period." suggestion: "....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 will be a Determination Period. The Notional Quantity per Determination Period is the volume submitted by Counterparty on the website." If you all agree, I'll make this change in the BlackMaster. Dave, it may need lawyers validation? Elena David Forster 08/10/99 00:35 To: Elena Kapralova/LON/ECT@ECT cc: Subject: Paper Volumes ---------------------- Forwarded by David Forster/LON/ECT on 08/10/99 00:35 --------------------------- Marcello Romano 07/10/99 21:50 To: David Forster/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT cc: Subject: Paper Volumes Paper volumes are actually per month not per day in each determination period. We need to change the long descriptions. M
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