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Enron Mail |
Carlos,
We will go ahead and approve the Foreign Currency product based on the=20 termination date being 01 Oct 2001 because it would fall within the 6 month= =20 rule that we discussed this afternoon. We also will review the tax=20 consequences of extending the product beyond 6 months over the next few day= s=20 in the event that the trader wants to extend the term of the transaction=20 beyond 6 months. Please give Jeff or me a call if you have any questions. Best regards, Susan -----Original Message----- From: Lozano, Melba =20 Sent: Monday, April 02, 2001 5:13 PM To: Taylor, Mark; Moran, Tom; Blumenthal, Jeff; Musch, Susan; Hagelmann,=20 Bjorn; Gockerman, Matthew F.; Carrington, Clara Cc: Stuart, William; Shackleton, Sara; Lees, Lisa; Sever, Stephanie; Jones,= =20 Tana; Lambert, Karen; Lombardi, Kelly; Sweitzer, Tara; Kenne, Dawn; Moorer,= =20 Torrey; Cass, Robert; Meredith, Kevin; Walker, Chris Subject: Approval needed for new Foreign Currency product Importance: High Your review and approval of the following product type in the EOL Datamanag= er=20 is needed (for directions on approval , please see steps for approval at th= e=20 bottom of this e-mail). If you have any questions please call me at ext.=20 58986. =20 ********* DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -=20 11AM*********** Trader: William Stuart << File: Foreign Currency GTC.doc <<=20 Apr-Oct product A currency Transaction with Enron North America Corp. (=01&ENA=018), under = which=20 either (A) for the case in which Counterparty submits an offer to buy from= =20 ENA, Counterparty shall pay a Fixed Amount of CAD and shall receive the=20 Floating Amount of CAD, or (B) for the case in which Counterparty submits a= n=20 offer to sell to ENA, Counterparty shall receive the Fixed Amount of CAD an= d=20 shall pay the Floating Amount of CAD. Each calendar month during the term o= f=20 the Transaction will be a Calculation Period; provided however, that in the= =20 event the term of the Transaction is a single future date, the Calculation= =20 Period shall be the date set forth in the Product description on the Websit= e.=20 The Notional Amount per Calculation Period shall equal the USD Amount=20 submitted by the Counterparty via the Website divided by the number of=20 Calculation Periods during the term of the Transaction. The Fixed Amount of= =20 CAD payable per Calculation Period shall equal the product of the Notional= =20 Amount per Calculation Period multiplied by the Fixed Forward Rate, which= =20 shall be the price submitted by the Counterparty via the Website. The=20 Floating Amount of CAD payable per Calculation Period shall equal the produ= ct=20 of the Notional Amount per Calculation Period multiplied by the Floating=20 Settlement Rate. The Payment Date shall be the Business Day following the Valuation Date. Th= e=20 Valuation Date for each Calculation Period shall be the first Business Day = of=20 such Calculation Period. The term of the Transaction shall be from the Effective Date of 02 Apr 2001= =20 to the Termination Date of 01 Oct 2001. The Floating Settlement Rate for each Calculation Period shall be the USD/C= AD=20 rate equal to the rate set forth on Reuters page BOFC under the headings=20 'Bank of Canada'; 'Canadian Dollar' Exchange rates'; 'Noon', opposite the= =20 caption 'USD' as of 12:00 p.m. noon, Toronto time, on the Valuation Date. The price is quoted in CAD per USD. CAD will be the Settlement Currency. May 1, 2001 (single day) A currency Transaction with Enron North America Corp. (=01&ENA=018), under = which=20 either (A) for the case in which Counterparty submits an offer to buy from= =20 ENA, Counterparty shall pay a Fixed Amount of CAD and shall receive the=20 Floating Amount of CAD, or (B) for the case in which Counterparty submits a= n=20 offer to sell to ENA, Counterparty shall receive the Fixed Amount of CAD an= d=20 shall pay the Floating Amount of CAD. Each calendar month during the term o= f=20 the Transaction will be a Calculation Period; provided however, that in the= =20 event the term of the Transaction is a single future date, the Calculation= =20 Period shall be the date set forth in the Product description on the Websit= e.=20 The Notional Amount per Calculation Period shall equal the USD Amount=20 submitted by the Counterparty via the Website divided by the number of=20 Calculation Periods during the term of the Transaction. The Fixed Amount of= =20 CAD payable per Calculation Period shall equal the product of the Notional= =20 Amount per Calculation Period multiplied by the Fixed Forward Rate, which= =20 shall be the price submitted by the Counterparty via the Website. The=20 Floating Amount of CAD payable per Calculation Period shall equal the produ= ct=20 of the Notional Amount per Calculation Period multiplied by the Floating=20 Settlement Rate. The Payment Date shall be the Business Day following the Valuation Date. Th= e=20 Valuation Date shall be the date set forth in the Product description on th= e=20 Website.=20 The term of the Transaction shall be the date set forth in the Product=20 description on the Website.=20 The Floating Settlement Rate for each Calculation Period shall be the USD/C= AD=20 rate equal to the rate set forth on Reuters page BOFC under the headings=20 'Bank of Canada'; 'Canadian Dollar' Exchange rates'; 'Noon', opposite the= =20 caption 'USD' as of 12:00 p.m. noon, Toronto time, on the Valuation Date. The price is quoted in CAD per USD. CAD will be the Settlement Currency. =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D =3D=3D=3D=3D=3D STEPS FOR APPROVAL: click the START button=20 select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD=20 click the Enron Online Production Cluster "START" button =20 select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Partially Approved" select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up=20 TO APPROVE: Right mouse click on "Approved"
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