Enron Mail

From:nyadmin@intcx.com
To:jay.reitmeyer@enron.com
Subject:NEW WEATHER SWAPS ON THE INTERCONTINENTAL EXCHANGE
Cc:
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Date:Fri, 16 Nov 2001 03:17:59 -0800 (PST)

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<p<<img src="http://www.intcx.com/weather/images/header7.gif" width="500" height="20"<</p<
<p<<font size="-2" face="Verdana"<IntercontinentalExchange is pleased to announce
that weather swaps trading will be included in its new version 8 release. These
fixed-for-floating financial products will be cash settled on a five-day average
temperature, Monday - Friday, for the current week and for the forward week.
Temperatures used for the settlement of these products will be those reported
by EarthSat, a widely recognized and independent source of weather data. Settlement
temperatures provided by EarthSat will be available via the IntercontinentalExchange
website. The hub locations for weather trades will be the primary airport weather
stations at Chicago-O'Hare, Dallas-Fort Worth, New York-La Guardia, Philadelphia-International
and Sacramento-Executive. The standard contract size for all locations will
be $10,000 per degree Fahrenheit, with a tic increment of 0.1 degree Fahrenheit
or $1,000. There are no payout limits on the contracts. </font<</p<
<p<<font size="-2" face="Verdana"<The design and development of these new weather
products was done under the guidance of Aquila Energy Marketing Corp., a recognized
leader in weather product concepts. In addition, IntercontinentalExchange has
worked with Aquila and other major weather market participants, including Reliant
Energy, Mirant Americas, and El Paso Merchant Energy, to build consensus and
support for these new products.</font<</p<
<p<<font size="-2" face="Verdana"<To trade weather swaps you must have our new version 8 release installed on your system. An advisory
with details about this new release is being sent to you by separate email.
</font<</p<
<p<<font size="-2" face="Verdana"<We encourage all or our users to take a serious
look at the new weather products being offered by the IntercontinentalExchange.
Please contact one of our following representatives to find out about the new
weather products, or check back on our website product guide:</font<</p<
<p<<font size="-2" face="Verdana"<Patricia Ricci : (646) 792-2624 : <a href="mailto:patricia.ricci@intcx.com"<Patricia.Ricci@intcx.com</a<<br<
Mike O'Neill : (646) 792-2626 : <a href="mailto:michael.oneill@intcx.com"<Michael.Oneill@intcx.com</a<<br<
Chris D'Ambrosio : (646) 792-2625 : <a href="mailto:chris.dambrosio@intcx.com"<chris.dambrosio@intcx.com</a<</font<<br<
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