Enron Mail

From:ted.murphy@enron.com
To:vince.kaminski@enron.com
Subject:Re: Agenda for NY MG Metals Visit
Cc:richard.sage@enron.com, vince.kaminski@enron.com, anjam.ahmad@enron.com,bjorn.hagelmann@enron.com, ted.murphy@enron.com, dale.surbey@enron.com, stinson.gibner@enron.com, steve.young@enron.com, eric.gadd@enron.com, david.port@enron.com
Bcc:richard.sage@enron.com, vince.kaminski@enron.com, anjam.ahmad@enron.com,bjorn.hagelmann@enron.com, ted.murphy@enron.com, dale.surbey@enron.com, stinson.gibner@enron.com, steve.young@enron.com, eric.gadd@enron.com, david.port@enron.com
Date:Fri, 14 Jul 2000 03:02:00 -0700 (PDT)

I agree with Vince. Ideally, this visit would supplement rather than
duplicate effort. However, on the front end, I would prefer a little
overkill to underkill - especially with respect to the VAR process. I would
defer to Anjam/Tanya's opinion as to what is necessary to get an initial
comfort level. Remember that this is the first cut, but it will need to be
refined over time to the point where it is credible enough to force someone
to take a position down based on the calculatiion. If this causes some
heartburn please refer those people to me.
Ted




Vince J Kaminski
07/14/2000 09:04 AM
To: Lloyd Fleming/LON/ECT@ECT
cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam
Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale
Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: Re: Agenda for NY MG Metals Visit

Lloyd,

Speaking from experience, I think that it's critical for Tanya and Anjam to
visit MG in New York
and establish direct relationship with technical people. Merging two risk
management systems
requires handling many very technical issues and face to face discussions
between IT and quants
will be very helpful.

Vince






From: Lloyd Fleming 07/14/2000 03:42 AM


To: Tanya Tamarchenko/HOU/ECT@ECT
cc: Andreas.Barschkis@mgusa.com @ ENRON, Richard Sage/LON/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: Re: Agenda for NY MG Metals Visit

Tanya,

I think most of your queries can be dealt with on the phone - I'll be at MG
with Andreas today and we'll call you. Most of these points have already
been covered with Anjam in any case. I'm also attaching a file downloaded
from Mercur (MG's risk aggregation system) showing monthly total positions
for each metal in each entity. You can fairly easily create tables and graph
what you want to see. We can talk today about getting a full deal download.

Regards






Tanya Tamarchenko
13/07/2000 22:45
To: Andreas.Barschkis@mgusa.com @ ENRON
cc: Dale Surbey/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, Richard
Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT,
Stinson Gibner/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT

Subject: Agenda for NY MG Metals Visit

Hi Andreas,

Here are the issues we would like to discuss on our Thursday meeting in NY:

1. Inputs for options valuation, in particular the origins of volatility
curves;
2. Information on exotic options structures (existing & potential);
3. The data flow (are we going to get data from London or NY).
4a. Storage of positions information at MG. How to extract the positions
info from
MG database into spreadsheets.
4b. Existing positions structure for each metal.
5. Introduction to concentrates trading business, key personnel.

Best Regards,

Tanya & Anjam

713 853 3997