Enron Mail

From:john.arnold@enron.com
To:dave.forster@enron.com
Subject:
Cc:
Bcc:
Date:Mon, 31 Dec 1979 16:00:00 -0800 (PST)

Dave:
A couple of issues:

1. We continue to have a number of transactions that fail because of credit
exposure. These are companies that have excellent credit, such as Duke,
Dynegy, Equitable, Mieco, etc, but have a fixed credit line on EOL that they
blow through periodically. They get a failed trade and it often takes 5-10
minutes to rectify the problem, at which time we've lost the trade. We need
the major counterparties to have unlimited credit on EOL, just as they have
in normal trading.

2. As a corrallary, I am under the impression that when a trade fails
because of credit, the counterparty does not get an explanatory error message
describing what happened and what to do. When a credit failure happens, the
counterparty will often keep clicking on the same product, getting the same
error message