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Enron Mail |
Attached are ClickPaper approvals for November 20, 2000. Please note that
the credit limits in the spreadsheet reflect one-tenth of the actual credit limit that we have assigned for a given counterparty since the headroom within ClickPaper is calculated using Sigma Factor * Volume rather than Pprice * Volume. We will assign all future limits by using one-tenth of the assigned credit limit since using the Sigma factor in these calculations generates a value of roughly one-tenth of the full limit. Hopefully this will eliminate some of the recent problems we've had with counterparties busting their credit limits. Please call or send a note if you have any questions. Thanks. Walter
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