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Enron Mail |
David:
I will try my best to meet but I need to devote as much attention as possible next week to the other projects that need my attention before I leave. I will contact you next week. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com David P Dupre 07/07/2000 03:06 PM To: Carol St Clair/HOU/ECT@ECT cc: Subject: Re: If you look at the stc(sent to c-party)-dcaf tab, you will notice that the numbers are decreasing due to amendments being signed by counterparties for negative confirmations. Once we move forward with the new financial spreadsheet, I'm confident that we will see the financial numbers decrease as well. I'd like to meet once before you leave if possible to wrap-up our discussions on a few critical counterparties which were close to an agreement with us including Morgan Stanley (who were not signing confirms and were sending back there own form of confirmation which wasn't allowed) Thank you, David Carol St Clair 07/07/2000 02:48 PM To: David P Dupre/HOU/ECT@ECT cc: Mark Taylor/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT Subject: Re: new format David: Thanks for sending this to me. Since I will be hear through next Friday at the latest, I would ask that once this chart has been completed that you contact Mark Taylor to see who from our group will take this project over while I am out. Thanks. Carol David P Dupre 07/07/2000 02:27 PM To: Carol St Clair/HOU/ECT@ECT cc: Subject: new format Hi, Jeff asked me to forward the new report to you. Here is the format of the new report and a brief description of each tab: 1. formerage-Willie's prior aging schedule. Do we want to see this for each c/p? I think it would be helpful 2. aging-Current aging schedule by year 3. STC-Dcaf-Current physical STC information from Dcaf 4. STC-Tagg-Current physical STC information from tagg 5. financial-Current and new format. If you move the lower bar to the right of the gray boxes, you will see the new columns which we've discussed. I completed the master agreement column from the Lotus Notes database; We are currently waiting on credit for the exposure information and their assessment (e.g. 'credit concern', 'good credit', etc.); Tagg is able to provide term information for each counterparty, but since it is a time-intensive process, Ron Nolte is looking into adding a button in tagg that will allow this and/or create a special customized ongoing report; I am in the process of completing the remaining two columns (i.e. do they sign confirms?, if they don't, reasons why?) Overall, I think that this new format, including my proposed aging schedule, will be a valuable 'tool' for all involved in our follow-up work. Thanks David Carol St Clair 07/06/2000 11:05 AM To: David P Dupre/HOU/ECT@ECT cc: Subject: Re: Project David: Please keep in mind that we are not basing our decision on which counterparties to contact solely based on exposure and credit concern information, but rather based on all of the categories that Mark Taylor and I have asked you to compile with respect to each counterparty so I don't want the exposure numbers to be limited to any particular type of counterparty. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com David P Dupre 07/06/2000 10:28 AM To: Veronica Espinoza/Corp/Enron@ENRON, Carol St Clair/HOU/ECT@ECT cc: Subject: Re: Project Hi, I don't know how this was settled between Carol and Russell, and I don't understand why Russell would not want to provide this exposure information to us. As we discussed earlier last month, I think it would be good to select a date, let's say July 5th in this case, and then go forward. I like your idea of identifying whether the c/p is a 'credit concern' or a 'good credit', perhaps this could be listed in the 'status' column on the following spreadsheet. I have attached a list of updated counterparty names. Thanks David ---------------------- Forwarded by David P Dupre/HOU/ECT on 07/06/2000 10:09 AM --------------------------- To: David P Dupre/HOU/ECT@ECT cc: Russell Diamond/HOU/ECT@ECT Subject: Re: Project How did things get settled between Carol and Russell? Looking over the spreadsheet itself, I would be able to tell you right off which counterparties we consider "Credit Concerns", where you would then prioritize on your end. Even though some counterparties may high high exposures, we consider them to be "Good Credits" (for example Duke). Once again, financial exposures vary (sometimes very significantly) from one day to the next. Therefore the totals you'll have for current exposures will not be validated for more than a week, at the max. Let me know how you want to go about this. I think if I highlight which counterparties we feel you should look into, this would go a lot faster. Regards--VE
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