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Enron Mail |
FUTURES MARGIN REQUIREMENTS
Wire Date 11/6/01 Stmt Date 11/5/01 US $$$ CANADIAN $$$ Broker OTE Credit Facility Covering OTE OTE Less CreditCoverage Net Option Value Initial Margin Line of Credit Covering Initial Margin (except EDF Mann see calc below) Initial Margin Less Line of Credit Covering Initial Margin Line of Credit Covering Realized/Unrealized Gains & Losses OTE Initial Margin ABN-Amro Inc 503,712.00 503,712.00 0.00 388,300.00 388,300.00 0.00 ADM INVESTOR 316,250.00 316,250.00 0.00 0.00 0.00 BANK ONE 0.00 0.00 0.00 0.00 0.00 CARR FUTURES (NG) 0.00 0.00 0.00 0.00 0.00 CARR FUTURES INC. (1,460,680.58) (1,460,680.58) 0.00 2,511,837.81 2,511,837.81 CREDIT SUISSE FIRST BOSTON (1,160,915.45) (1,160,915.45) 0.00 1,142,964.00 1,142,964.00 EDF MAN (see note below) (18,655,272.50) 9,936,510.00 (28,591,782.50) (34,511,776.60) 15,063,490.00 15,063,490.00 0.00 0.00 FIMAT * 42,199,731.06 42,199,731.06 0.00 10,646,516.00 10,646,516.00 1 0.00 HSBC - US$ (3,323,112.50) (3,323,112.50) 0.00 375,311.00 375,311.00 HSBC - Canadian 0.00 0.00 0.00 31,670.00 417,220.00 JP Morgan 873,969.37 873,969.37 0.00 512,020.00 512,020.00 Mann Financial 0.00 0.00 0.00 0.00 0.00 PARIBAS 83,022,463.80 83,022,463.80 0.00 25,608,872.00 25,608,872.00 0.00 0.00 PRUDENTIAL SI 555,085.40 555,085.40 0.00 492,800.00 492,800.00 REFCO, INC 0.00 0.00 0.00 0.00 0.00 R J O'BRIEN (1,870.00) (1,870.00) 0.00 70,000.00 70,000.00 SAUL STONE & COMPANY 77,154.00 77,154.00 0.00 147,000.00 147,000.00 SMITH BARNEY, INC ** 9,569,912.00 9,569,912.00 0.00 5,570,731.00 5,570,731.00 0.00 0.00 SMITH BARNEY, INC ** (Financial) (148,500.48) (148,500.48) 0.00 86,400.00 86,400.00 TOTAL EXCLUDING MID-DAY CALLS 112,367,926.12 9,936,510.00 102,431,416.12 (34,511,776.60) 62,616,241.81 46,243,093.00 16,373,148.81 0.00 31,670.00 417,220.00 MID-DAY CALLS: (based solely on Market Movement) EDF Mann 0.00 TOTAL INCLUDING MID-DAY CALLS 112,367,926.12 ** Smith Barney Initial Margin does not include Delivery Margin of $0.00 Used Line Credit Lines: Line OTE Initial Margin Total Line Used Total Line Unused Smith Barney 50,000,000.00 - 5,570,731.00 5,570,731.00 $ 44,429,269.00 Paribas 75,000,000.00 - 25,608,872.00 25,608,872.00 $ 49,391,128.00 EDF 25,000,000.00 9,936,510.00 15,063,490.00 25,000,000.00 $ - Fimat 20,000,000.00 - $ 20,000,000.00 170,000,000.00 9,936,510.00 46,243,093.00 56,179,603.00 113,820,397.00 Note: EDF Man - Positive Net Option value is collateral for futures requirement. Initial Margin $15,063,490.00 Option value used to cover Margin $0.00 Initial Margin less positive option value $15,063,490.00 EDF Man Line of Credit Analysis: Initial Margin $15,063,490.00 OTE $18,655,272.50 (limit 20,000,000) Net Option Value 34,511,776.60 Line of Credit Balance $ 25,000,000.00 (limit 50,000,000) Paribas Line of Credit Limit is $75,000,000 1 Includes amounts withheld from payments due Enron. Fimat's customer agreement states that excess margin including OTE due to Enron must first be used to pay down advances on the facility.
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