Re: US Heating Oil and Unleaded Gas Fin Spreads

Sounds good to me!

Lisa Lees
10/09/2000 05:39 PM

To: Tom Moran/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
cc:
Subject: US Heating Oil and Unleaded Gas Fin Spreads - Approval

It appears that all we need to do for these new product types is copy
customer profiles from US HeatingOil2Fin Swap and US UNL Gas Fin Swap.
Unless I hear back from any of you before 10:00 a.m. Tuesday, 10/10, we'll
just copy the profiles. Sorry for the short notice.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/09/2000 05:28 PM
---------------------------

From: Melba Lozano
10/04/2000 05:26 PM

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Sony
Wilson/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
Subject: US Heating Oil and Unleaded Gas Fin Spreads - Approval

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail).

These will be for existing spread products that are under the existing
product type : US HeatingOil2 Fin Swap and US UNL Gas Fin Swap they need to
be split up for sigma factor purposes.

Product Type #1 US HeatingOil2 FIN Spread
A US Heating Oil Swap financial 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 shall be the volume for the
relevant Determination Period (calculated using 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
average of the Index for each Pricing Date in the relevant Determination
Period.

Product Type #2 US UNL Gas Fin Spread
A US Unleaded Gasoline 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 shall be the volume for the
relevant Determination Period (calculated using 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
average of the Index for each Pricing Date in the relevant Determination
Period.

==============================================================================
=====

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
x35491 x58986