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Enron Mail |
Jonathan, in the email below are examples of the US Natural Gas Long
Descriptions we have come up with for the Tokenised Periods "Day Ahead" and "Balance of Month". The Short Description for these products will have the specific dates in it whilst the long description will not. Thus we need toi have language that will adequately describe the tokenised period. I am not familiar with the rules and specific calendar holidays that needs to be referenced in the relevant part of the long description. Can you use the US ones we have done below as a start point come up with language to describe the: Day Ahead Balance of Month periods for Canadian Gas that will cover the weekend and holiday periods. Mark, are you the appropriate legal counsel to review the tokenised descriptions for Canadian Gas? Thanks Awais ---------------------- Forwarded by Awais Omar/LON/ECT on 01/27/2000 11:48 PM --------------------------- Awais Omar 01/27/2000 11:53 PM To: Mark Taylor/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT cc: Marcello Romano/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT, David Forster/LON/ECT@ECT Subject: Tokemised Periods - US Nat Gas Mark, Below are the Tokenised Day Ahead and Balance of Month US Nat Gas descriptions we agreed and a complete example product for each. Please give us the final A OK for these. US Nat Gas Day Ahead The transaction is for delivery from and including the next day following the trade day to and including the next Delivery Day following the trade date; where Delivery Day is any day which is both: a) a Monday, Tuesday, Wednesday, Thursday or Friday AND b) a Nymex trading day. E.G. US Gas PHY ANR LA/GATH Day Ahd USD/MM A US Gas Transaction with Houston Pipeline Company, under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The Contract Price shall be as submitted by Counterparty via the website. The Period of Delivery shall be from the Effective Date through the Termination Date. The transaction is for delivery from and including the next day following the trade day to and including the next Delivery Day following the trade date; where Delivery Day is any day which is both: a) a Monday, Tuesday, Wednesday, Thursday or Friday AND b) a Nymex trading day. The transaction is for ANR Louisiana, gathered. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day. US Nat Gas Balance Of Month The transaction is for delivery from and including the next calendar day following the trade day to and including the last calendar day of such calendar month. E.G. US Gas PHY ANR LA/GATH BoM USD/MM A US Gas Transaction with Houston Pipeline Company, under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The Contract Price shall be as submitted by Counterparty via the website. The Period of Delivery shall be from the Effective Date through the Termination Date. The transaction is for delivery from and including the next calendar day following the trade day to and including the last calendar day of such calendar month. The transaction is for ANR Louisiana, gathered. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day. Regards Awais Ext 31859
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