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Enron Mail |
Tana/Karen:
The product long description described below will fall under the new product type US PurityEthane Fin Spread. Tom Moran has approved copying the profiles for the new product type from the following: US Plastic LLDPE Financial Swap Please respond no later than 10 a.m. on Wednesday, December 12. Thank you. ---------------------- Forwarded by Lisa Lees/HOU/ECT on 12/12/2000 12:56 PM --------------------------- Enron North America Corp. From: Kevin Meredith @ ENRON 12/11/2000 05:29 PM To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron, Robert B Cass/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT Subject: NEW ENRONONLINE PRODUCT - PLEASE APPROVE Your review and approval of the following two product type in the EOL Datamanager is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). Traders: Lee Jackson and Alan Engberg US PurEth OPIS vs LLDPE CMAI Jan01 c/LB A US Purity Ethane financial Swap Transaction with Enron North America Corp., under which the Seller pays a Floating Price and the Buyer pays the price submitted by Counterparty on the website (the Fixed Price) in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period is the volume submitted by Counterparty via EnronOnline. The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the Index for the relevant Determination Period. The term of the Transaction shall be from the Effective Date to the Termination Date. The Effective Date is 01 Jan 2001. The Termination Date is 31 Jan 2001. The Index for a month shall be the difference between (i) the arithmetic average of the high and low Cents/Pound prices of Linear Low Density Polyethylene - Butene film grade published under the headings "North America Product Prices for (DATE): LLDPE Domestic" in the month-end issue of Chemical Market Associates, Inc.'s Monomers Market Report effective for such month, and (ii) the average of the prices for each day in the Determination Period, where the price for each day shall be the 'Avg' price for Purity Ethane published in the table entitled 'Mont Belvieu Spot Gas Liquids Prices' under the heading 'Purity Ethane: Any Current Month' in the issue of Oil Price Information Service ('OPIS') that reports prices effective for such Determination Period. The price is quoted in cents (US) per unit of volume which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. ============================================================================== ===== STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved" Thanks - Rob Cass - Melba Lozano - Kevin Meredith x35491 x58986 x39555
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