FW: Cuts and Desks

What do you think?
-----Original Message-----
From: Purcell, Mike
Sent: Wednesday, August 22, 2001 4:43 PM
To: Scholtes, Diana
Subject: RE: Cuts and Desks

In this case PPM, the purchase, was cut. The sale side, PNGC did not get any power and are sending us LD's. Both sides are affected and both sides need an annuity put into the system. Sale annuity to PPM and a purchase annuity for PNGC. The sale is LT NW and the purchase is ST NW.

MP

-----Original Message-----
From: Scholtes, Diana
Sent: Wednesday, August 22, 2001 2:02 PM
To: Purcell, Mike
Subject: RE: Cuts and Desks

Was the purchase cut or the sale cut? Which ever it is, it should correspond to the book associated with it.

d

-----Original Message-----
From: Purcell, Mike
Sent: Wednesday, August 22, 2001 1:54 PM
To: Scholtes, Diana
Subject: Cuts and Desks

Diana,

Here is the same question I had the other day. When we have a cut and the purchase side of the deal is ST NW and on the sale side the deal is LT NW how do you want us to enter the annuities. If I put them on one book then we should be fine.

Thanks

Mike P. Purcell
Settlements Coordinator
Volume Management-Portland
503-464-8297