Enron Mail

From:frank.hayden@enron.com
To:john.lavorato@enron.com
Subject:RE: Delivery margin requirements
Cc:
Bcc:
Date:Fri, 26 Oct 2001 06:19:58 -0700 (PDT)

I'm assuming we are not going to go off MERC long?is that a safe assumption?


-----Original Message-----
From: Hayden, Frank
Sent: Thursday, October 25, 2001 8:45 AM
To: Lavorato, John
Cc: Hodges, Georganne; Port, David
Subject: Delivery margin requirements

Going delivery long requires full value of contract, unless there is letter of credit
Going short requires approx. $5,500 of margin per contract. ie. 100contracts would need $550,000