1118.2000-05-23.farmer.ham.txt 2.8 KB

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  1. Subject: 24 x 5 products
  2. please read the attached and make sure the schedulers understand this new
  3. product . this product will be available at all physical delivery points
  4. within eol that the texas desk currently trades . thanks .
  5. - - - - - - - - - - - - - - - - - - - - - - forwarded by brenda f herod / hou / ect on 05 / 23 / 2000
  6. 11 : 33 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
  7. enron north america corp .
  8. from : eric bass 05 / 23 / 2000 11 : 26 am
  9. to : david baumbach / hou / ect @ ect , o ' neal d winfree / hou / ect @ ect , michael
  10. walters / hou / ect @ ect , bryan hull / hou / ect @ ect , jeff a crook / hou / ect @ ect , ami
  11. chokshi / corp / enron @ enron
  12. cc : steve venturatos / hou / ect @ ect , brenda f herod / hou / ect @ ect
  13. subject : 24 x 5 products
  14. we are going to be rolling out a new product on eol starting this bidweek .
  15. this product will be for physical delivery only on the weekdays ( no weekend
  16. delivery ) . currently , the eol / sitara bridge cannot handle this type of
  17. logic , so these deals will have to be input manually .
  18. let me know if you have further questions .
  19. eric
  20. - - - - - - - - - - - - - - - - - - - - - - forwarded by eric bass / hou / ect on 05 / 23 / 2000 11 : 23 am
  21. - - - - - - - - - - - - - - - - - - - - - - - - - - -
  22. dale neuner 05 / 23 / 2000 10 : 26 am
  23. to : david forster / corp / enron @ enron , sheri thomas / hou / ect @ ect , jennifer
  24. deboisblanc denny / hou / ect @ ect , jason althaus / corp / enron @ enron , jason
  25. althaus / corp / enron @ enron , melba lozano / hou / ect @ ect
  26. cc : eric bass / hou / ect @ ect
  27. subject : 24 x 5 products
  28. we are rolling out the use of the 24 x 5 nat gas product commencing tomorrow ,
  29. may 24 th .
  30. the product is a month - long physical nat gas product traded off the texas
  31. desk . it will be identified as follows :
  32. us gas phy exxon katy wkd juno 0 usd / mm
  33. this product is different from the usual products traded on the texas desk in
  34. that the product description has an
  35. indicator of wkd , which designates that the product only moves gas on a day
  36. that is a monday , tuesday , wednesday ,
  37. thursday or friday .
  38. these products will not bridge into sitara . risk personnel will need to be
  39. diligent to identify these products based
  40. on the information in the product description to ensure that the products are
  41. entered into sitara correctly ( presumably -
  42. strips of monday - friday trades and the corresponding month - starting days
  43. and / or month - ending days ) .
  44. we understand the potential impact of having to manually input these
  45. transactions and have asked the appropriate
  46. systems personnel to examine the links between eol and sitara and consider
  47. building bridge capability . in the
  48. interim , we anticipate that the trading volume on these products will be low ,
  49. and will ask for higher prioritization of the
  50. bridging in the event that volumes increase .
  51. dale
  52. 3 - 9746