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Enron Mail |
Hello Dutch. Hope you are having a good Monday. I've delayed this message in hopes that you catch up with the last three weeks' assignments that you have not handed in yet. As I noted in our discussion last week, it will be signficantly helpful to Monica and I to receive any information you've gathered to this point, as opposed to receiving it all at the end. As usual, I've included the high-level outline for each content area that you should follow when writing this week's assignment. Remember, this assignment should be placed in the ECW. I've included instructions to remind you how to use this tool. Note - If the content you have written does not fit onto the page, please just send it to us in an email. Thank you! Website: http://reds2000.click2learn.com/PROJECTS/accenture/Enron/launchpad.html Login: dquigley Password: Enron4 (See attached file: ECW Instructions.doc) This Week's Assignment: This week's assignment will be to write about each of the following areas: 1) Using Futures to Hedge (Page 1_4_4_1 in the Futures topic) 2) Types of Options (Page 1_7_3_1 - in the Options topic) Due Date: Friday, November 2nd, 2001 Outlines to Help Guide You When Writing Using Futures to Hedge When to use Futures Lock in price to guarantee cost or cash flow for term of contract To hedge against the risk Do not care who the counterparty is Completion of EFP Hedging or Speculating Different Types of Users Non-commercials (hedge funds) Commercials (e.g. Enron, Dynegy) End users "Locals" ? (Guys at the Exchange trying to buy low/sell high) Costs involved with a futures contract Margin as a guarantee of contract Closing out a futures position Make or take delivery Reverse futures position (i.e. liquidate position) Exchange of a futures position for a cash position at another location (e.g. EFP) Types of Option <<Dutch, this should be a short write up with explanations/definitions of the major different types of options.<< Physical vs. Financial Asian, European and American Swaption Dutch, you may want to mention that many other types of options exist Finally and most importantly, please keep in mind that the completion of these assignments significantly impacts the the ability of our BRM project to stay on schedule and within budget. If you are unable to complete this assignment, please notify me ahead of time and provide an estimated time for completion. Thank you. Sheri A. Righi Accenture Human Performance Service Line Hartford - One Financial Plaza Direct Dial: 860 756 2245 VPN & Octel: 765 2245 e-mail: sheri.a.righi@Accenture.com This message is for the designated recipient only and may contain privileged or confidential information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited. - ECW Instructions.doc
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