PARKING

For prior periods - I am not sure if you need to handle this using the
instructions below - or if for prior months ONLY - if you would be allowed
to create a
cashout ticket to clear out any prior period imbalances. Your controller
and volume management (Kathy Kelly) should make this call.

Kim and David can brain check me on this - but I think this is how parking
should be done; however,
please verify with West or East desk economics to ensure accuracy/consistency.

PARKING PROCEDURES

Create a Storage deal in SITARA - Service Type: Parking
Use this service deal to path to a storage account in UNIFY - this way you
have accounted for the gas in UNIFY
Inject into storage account
Withdrawal from storage account

(When you do the opposite of parking - withdrawal first - it is called a
"loan")

Create two economic deals in SITARA - Exchange deal
Create an internal buy and sell of physical gas for economics and position
purposes - (no invoices - fake 3rd party)
Exchange deal -
Sell to CPR Pipeline Exchange (parking gas)
Buy from CPR Pipeline Exchange (getting gas back)

Within the month parking - no money exchanges hands - except any service fees
which can be recorded on the Storage deal.
Sell to CPR Pipeline Exchange (parking gas) - Price = $0
Buy from CPR Pipeline Exchange (getting gas back) Price = $0

When the deal crosses a month - if you keep the risk within the desk - in the
short term you record a big loss - sell at $0 - and the
next month you record a big gain - buy at $0. To manage this - usually the
cash desk swaps out the time risk to a storage financial book - who will pick
up the time
spread loss and offsetting gain - as this book captures forward value.
When you are adjusting your physical injections (parking) within the month -
you will need to
adjust your swaps too - which will adjust the P&L for the time spread
accordingly - otherwise you will have liquidation problems.

Period 1 - Sell to CPR Pipeline Exchange (parking gas) - Price = $0 Swap
to firm book for Index + mid
Period 2 - Buy from CPR Pipeline Exchange (getting gas back) Price = $0
Swap to firm book for Index + mid