Re: Forward-forward Vol Implementation Plan

Hello,
Just checking to see if things are progressing as scheduled.
Thanks,
John

From: Vladimir Gorny 07/31/2000 06:35 PM

To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Frank
Hayden/Corp/Enron@Enron, Stephen Stock/HOU/ECT@ECT
cc:
Subject: Forward-forward Vol Implementation Plan

Plan of action for implementation of the VaR methodology change related to
forward-forward volatilities:

1. Finalize the methodology proposed (Research/Market Risk) - Done

2. Testing of the new methodology for the Natural Gas Desk in Excel (Market
Risk) - Done

3. Get approval for the methodology change from Rick Buy (see draft of the
memo attached) - John Lavorato and John Sherriff - by 8/7/00

- John Lavorato, any comments on the memo?
- Would you like to run this by John Sherriff or should I do it?

4. Develop and implement the new methodology in a stage environment
(Research/IT) - by 8/14/00

5. Test the new methodology (Market Risk, Traders) - by 8/27/00

6. Migrate into production (Research/IT) - 8/28/00

Please let me know if this is reasonable and meets everyone's expectations.
Vlady.