Gas Daily Float for Float deals

---------------------- Forwarded by Susan M Scott/HOU/ECT on 04/18/2000 01:13
PM ---------------------------

Enron Capital & Trade Resources Corp.

From: Jeffrey C Gossett 04/18/2000 07:26 AM

To: Burton McIntyre/HOU/ECT@ECT, Purvi Patel/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT
cc:
Subject: Gas Daily Float for Float deals

Can you guys book a few deals this way in the test environment. They are
testing to see if they are able to generate an accurate confirm this way.
Thanks for your help!!!

JG
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/18/2000
07:23 AM ---------------------------

Bob Bowen
04/14/2000 01:30 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Jefferson D Sorenson/HOU/ECT@ECT
Subject: Gas Daily Float for Float deals

As per our discussion of this a.m., ENA IT has a "program fix" in Stage which
will handle
the generation of confirmations for Gas Daily swaps that may be booked as two
legs in the
future. This change effects both TAGG - Deal Capture and TAGG - Deal
Clearing.

In order to be ready for the commercial people in case they use the two
legged Gas Daily
deal, I am requesting that your Gas Daily team input maybe 20-25 deals in
TAGG - Deal
Capture using the new guidelines. Ron Nolte has outlined below how the input
process
should be handled for these types of deals.

I will be out of the office Monday and Tuesday of next week so I am
requesting that the Gas
Daily team have these deals in by next Wednesday.

Thanks for your help.

---------------------- Forwarded by Bob Bowen/HOU/ECT on 04/14/2000 12:53 PM
---------------------------

Ron Nolte
04/06/2000 01:15 PM
To: Bob Bowen/HOU/ECT@ECT
cc:
Subject: Gas Daily Float for Float deals

Bob,

Ricky is in the process of changing TAGG Deal Clearing to be able to combine
the deal leg
containing the Nymex ( fixed ) price and the deal leg containing the Gas
Daily( float ) price onto one
confirm.

In order for this as well as the changes to the Settlement process to work,
the following rules
must be adhered to when the deal is captured.

1) The fixed price must be entered as leg 1.
2) The float price must be entered as leg 2.

3) Leg 1 and leg 2 must be "linked" by clicking the "Link" button on the deal
capture
window and by inserting a row as follows:

The "Purpose" above will be listed as "Deal Link" when the picklist
displays. The "Link" can be
done from either leg 1 or leg 2.

4) The confirm can only be created/revised/viewed/printed/faxed from leg 1.

5) The clearing status of the deal can only be changed from leg 1.

Please note that any change to the status of either leg will be reflected
on the other
leg automatically; e.g., assume a confirm is created on leg 1, the deal
status of both
legs will display "Generated". Then assume someone changes leg 2 in Deal
Capture,
the status of both legs in TAGG deal clearing will be automatically set to
"Pending -
Revised after Generated".