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- Subject: 24 x 5 products
- please read the attached and make sure the schedulers understand this new
- product . this product will be available at all physical delivery points
- within eol that the texas desk currently trades . thanks .
- - - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 23 / 2000
- 11 : 33 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
- enron north america corp .
- from : eric bass 05 / 23 / 2000 11 : 26 am
- to : david baumbach / hou / ect @ ect , o ' neal d winfree / hou / ect @ ect , michael
- walters / hou / ect @ ect , bryan hull / hou / ect @ ect , jeff a crook / hou / ect @ ect , ami
- chokshi / corp / enron @ enron
- cc : steve venturatos / hou / ect @ ect , brenda f herod / hou / ect @ ect
- subject : 24 x 5 products
- we are going to be rolling out a new product on eol starting this bidweek .
- this product will be for physical delivery only on the weekdays ( no weekend
- delivery ) . currently , the eol / sitara bridge cannot handle this type of
- logic , so these deals will have to be input manually .
- let me know if you have further questions .
- eric
- - - - - - - - - - - - - - - - - - - - - - - forwarded by eric bass / hou / ect on 05 / 23 / 2000 11 : 23 am
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
- dale neuner 05 / 23 / 2000 10 : 26 am
- to : david forster / corp / enron @ enron , sheri thomas / hou / ect @ ect , jennifer
- deboisblanc denny / hou / ect @ ect , jason althaus / corp / enron @ enron , jason
- althaus / corp / enron @ enron , melba lozano / hou / ect @ ect
- cc : eric bass / hou / ect @ ect
- subject : 24 x 5 products
- we are rolling out the use of the 24 x 5 nat gas product commencing tomorrow ,
- may 24 th .
- the product is a month - long physical nat gas product traded off the texas
- desk . it will be identified as follows :
- us gas phy exxon katy wkd juno 0 usd / mm
- this product is different from the usual products traded on the texas desk in
- that the product description has an
- indicator of wkd , which designates that the product only moves gas on a day
- that is a monday , tuesday , wednesday ,
- thursday or friday .
- these products will not bridge into sitara . risk personnel will need to be
- diligent to identify these products based
- on the information in the product description to ensure that the products are
- entered into sitara correctly ( presumably -
- strips of monday - friday trades and the corresponding month - starting days
- and / or month - ending days ) .
- we understand the potential impact of having to manually input these
- transactions and have asked the appropriate
- systems personnel to examine the links between eol and sitara and consider
- building bridge capability . in the
- interim , we anticipate that the trading volume on these products will be low ,
- and will ask for higher prioritization of the
- bridging in the event that volumes increase .
- dale
- 3 - 9746
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