Enron Mail

From:brad.horn@nuon.com
To:rbuy@enron.com
Subject:FW: Systemic Market Risk to Follow NYMEX Failure
Cc:
Bcc:
Date:Tue, 11 Sep 2001 09:30:08 -0700 (PDT)


< Rick:
< In light of recent events at the world trade center, Im concerned
< about the poitential for a systemic failure following the destruction of
< NYMEX. A quick note from you to confirm or deny would be appreciated.
<
< For example, if NYMEX payments are delayed significantly, Im worried
< that a larger payment failure in the energy derivatives market might
< follow. In this scenario, Enron?s large NYMEX position could put it in
< jeoprardy. As a result, I would think you would know before others if a
< NYMEX clearing falure is in the works. Do you have any insight at this
< time into NYMEX payment performance?????