Enron Mail

From:sara.shackleton@enron.com
To:edmund.cooper@enron.com
Subject:DTD Brent and Morgan Stanley
Cc:
Bcc:
Date:Mon, 7 Aug 2000 03:07:00 -0700 (PDT)

Edmund: Did you draft the DTD language? I have questions. Also, I would=
=20
kindly appreciate your response on Morgan Stanley. Thanks. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 08/07/2000 10:05 AM -----

=09Sheetal Patel
=0908/01/2000 06:02 PM
=09=09=20
=09=09 To: Sara Shackleton/HOU/ECT@ECT
=09=09 cc:=20
=09=09 Subject: DTD Brent

Sara,

Below is the most recent language I have received from the London office=20
referencing the Market Wire correctly.

Thanks,
Sheetal=20
---------------------- Forwarded by Sheetal Patel/HOU/ECT on 08/01/2000 05:=
56=20
PM ---------------------------


Sheetal Patel
08/01/2000 05:53 PM
To: Matt A Brown/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
cc: Chris Shapland/LON/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Kevin=20
Meredith/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON=20
Subject: DTD Brent

Matt/Susan,

Below is the common and float pricing language I have been asking about. I=
=20
need an okay from a trader and legal perspective before putting this langua=
ge=20
in our confirms. If you notice, the most recent language is in red.

Thanks,
Sheetal=20


---------------------- Forwarded by Christopher Shapland/LON/ECT on=20
10/07/2000 15:12 ---------------------------


Edmund Cooper
07/07/2000 17:11
To: Christopher Shapland/LON/ECT@ECT
cc: =20

Subject: DTD Brent

Floating Price:

The mean of the arithmetic average of the daily high and low quotations for=
=20
Dated Brent under the heading 'Platt's Crude Oil Marketwire: Brent (DTD)' a=
s=20
reported in Platt's Crude Oil Marketwire minus the average of the daily=20
settlement prices for the prompt month of the IPE Brent Crude Oil Futures=
=20
Contract for each Commodity Business Day/Trading Day for the applicable=20
Determination Period, with the exception of the last Commodity Business=20
Day/Trading Day of the prompt month on which day the settlement price for t=
he=20
Second Nearby Month will be used. The calculation should include only the=
=20
days when both the IPE is open and Platts publish their dated Brent=20
assessment.

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Plat=
ts=20
publish their dated Brent assessment.



From: Christopher Shapland on 06/13/2000 11:38 AM GDT
To: Sheetal Patel/HOU/ECT@ECT
cc: =20
Subject: EOL platts Dated brent over frontline ipe brent spread

Sheetal

Just a quick reminder of the trades I needed with common pricing!

Any problems give me a call

Cheers

Chris
:)
---------------------- Forwarded by Christopher Shapland/LON/ECT on=20
13/06/2000 11:38 ---------------------------
From: Christopher Shapland on 09/06/2000 08:54
To: Sheetal Patel/HOU/ECT@ECT
cc: =20

Subject: Re: language? =20

Sheetal

I'm sorry - here you are!

Floating Price:

The mean of the arithmetic average of the daily high and low quotations for=
=20
Crude Oil Assessments published in the table entitled =01&Crude Price=20
Assessments: International US$/BBL: Brent (DTD)=018 in the issue of Platt=
=01,s=20
Crude Oil Marketwire that reports prices effective for such Business Days=
=20
during the Determination Period minus the average of the daily settlement=
=20
prices for the prompt month of the IPE Brent Futures Contract for each=20
Commodity Business Day/Trading Day for the applicable Determination Period,=
=20
with the exception of the last Commodity Business Day/Trading Day of the=20
prompt month on which day the settlement price for the Second Nearby Month=
=20
will be used.=20

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Plat=
ts=20
publish their dated Brent assessment.

Cheers

Chris
:)





Sheetal Patel
08/06/2000 22:51
To: Christopher Shapland/LON/ECT@ECT
cc: =20

Subject: language?

Hi Chris,

I have not received any language from you. Just wanted to make sure you=20
didnt forget. =20

Thanks,
Sheetal :)

---------------------- Forwarded by Sheetal Patel/HOU/ECT on 08/01/2000 05:=
47=20
PM ---------------------------
From: Christopher Shapland on 07/10/2000 03:10 PM GDT
To: Sheetal Patel/HOU/ECT@ECT
cc: =20
Subject: DTD Brent