Trading Tapes

I am trying to build consensus on this issue. Take care. Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/16/2000 11:23 AM -----

Mark E Haedicke
08/15/2000 01:14 PM

To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Philippe
A Bibi/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
cc: Richard B Sanders/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
Subject: Trading Tapes

I would like to change our policy regarding taping telephone trades. I
propose the following:

1. Retention Period -- change the retention period from 4 months to 2
months

2. Record Only Deal Terms -- change from taping everything to taping only
the deal terms at the end of a call

The first change could be made immediately and the second change would
require both reprogramming (Phillippe is looking at this) and training of the
traders to press the record button at the end of a call to record the deal
terms. Let me know your thoughts on the proposed changes.

Mark Haedicke