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Enron Mail |
Hi Ted
A number of points regarding the migration of London office to RisktRAC have arisen over the last couple of months. Who is the formal project manager for London's migration? Whenever London RAC or Research have a bright idea (see below), I want to be sure it either gets actioned, or is turned down - a point person is just what we need. All the best, Steve ---------------------- Forwarded by Steven Leppard/LON/ECT on 11/12/2000 09:37 --------------------------- Enron Europe From: Kirstee Hewitt 11/12/2000 09:18 To: Steven Leppard/LON/ECT@ECT cc: Subject: Re: UK Power/Gas VaR from RisktRAC Hi Steve - forgot to get back to you about this - Oliver by the way is in Lanzaroti (can't spell) on a boys week away. As far as I know the project manager is David Port, although he is based in Houston. I guess Ted Murphy is the one who will eventually become the head as I think he is expected to be permenantly based in the UK after Xmas. Kirstee Steven Leppard 07/12/2000 11:36 To: Oliver Gaylard/LON/ECT@ECT, Kirstee Hewitt/LON/ECT@ECT cc: Subject: Re: UK Power/Gas VaR from RisktRAC Who's the local project manager for RisktRAC, who is to talk to Houston IT about such issues? Oliver Gaylard 06/12/2000 19:08 To: Kirstee Hewitt/LON/ECT@ECT cc: Steven Leppard/LON/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT Subject: Re: UK Power/Gas VaR from RisktRAC I completely agree. VaR should be calculated on a hierarchy basis from business level to trader level. Two pints to consider though: Some of the desks in Europe trade as teams and do not have individual ownership of positions E.g. UK power cash and term books between 6 traders. The current Risk Trac hierarchy is designed to provide only three levels and we probably need four to achieve this. I think this is worth discussing with IT in Houston to see what is possible and to devise a hierarchy that will work for RAC and the traders. Oliver Enron Europe From: Kirstee Hewitt 06/12/2000 18:59 To: Oliver Gaylard/LON/ECT@ECT cc: Steven Leppard/LON/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT Subject: UK Power/Gas VaR from RisktRAC Hi Oliver, After todays meeting, how easy would it be to split the VaR in RisktRAC into sub VaR catergories that reflect the individual trader risk or product type risk? I think that this would be a good idea in the near future as it would help to focus the attention of the traders on a VaR number that they are more likely to understand. As I understand it a position term structure can also be reported via RisktRAC which would mean that they could check their own poistion feeds going into the system. I am hoping to try and adopt the same methodology for the metals business as I think it will help to speed up the roll out of RisktRAC in the UK office. What are you thoughts on this? Do you think it can be supported by RAC in London? Cheers Kirstee
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