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Enron Mail |
Cordially, Mary Cook Enron North America Corp. 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com ----- Forwarded by Mary Cook/HOU/ECT on 05/17/2001 05:20 PM ----- Cyndie Balfour-Flanagan@ENRON 05/17/2001 03:01 PM To: Linda S Bryan/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Stacy E Dickson/HOU/ECT@ECT, Debbie R Brackett/Enron@EnronXGate, Stacey Richardson/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT cc: Bridgette Anderson/Corp/Enron@ENRON, Anthony Campos/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron, Sharon Gonzales/NA/Enron@ENRON, Marlene Hilliard/HOU/ECT@ect Subject: Division/Tradename audit Attached is a report listing all Master Contracts or 'Executed' contracts with the counterparty's provided by Bill Hare classified as either "Division" or "Tradename" within the Global Counterparty ("GCP") Database for ENA Physical Gas & ENA Financial (those Financial agreements in the Financial - North America Global Maintenance Group). Differences in Counterparty names (difference between those in the database & what is listed on the contract or on appropriated contract duplication) are shown in red. This does not necessarily mean that the name is incorrect; the Global Counterparty Group may have additional information or documentation supporting the difference that has not made it into the contract file. Bill, can someone from your group review these differences & provide documentation where available so that we may complete our contract files? As I understand it (Bill please verify), according to the business rules built into the GCP Database, those counterparties established as a Division or Tradename must be linked to a CP record classified as "Headquarter". Therefore, these records are included on exposure reports. However, if a counterparty name is a Division or Tradename & classified as "New - Needs DnB" or potentially misclassified as "Headquarter", then the business rules requiring that the record link up to the actual Headquarter entity within the GCP Database do not impact the record set-up (Bill, is this a potential scenario). Furthermore; these records, because they do not link up to a Headquarter & because credit recognizes them as "Division" or "Tradename", will not be included in any exposure reports (Debbie, is this correct). Thus, this then becomes the potential 'crack' where Enron could have unreported exposure issues. As such, is there a list anywhere of known Divisions or Tradenames that we could cross-reference against the GCP Database? Please let me know if additional information is needed on the attached report or if there is anything further that I can help with. Thank you, Cyndie Also, thank you Bridgette Anderson, Anthony Campos, Susan Elledge, Sharon Gonzales, and Marlene Hilliard for all of your help in researching these agreements.
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