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Enron Mail |
Mark, for your information in approving this product, I was the one who
drafted the "Enron Daily Index" language, so obviously I am okay with the description. If you need anything from me, let me know. Thanks Greg ---------------------- Forwarded by Greg Johnston/CAL/ECT on 03/06/2001 08:03 AM --------------------------- From: Melba Lozano on 03/05/2001 06:51 PM CST To: Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT, Bjorn Hagelmann/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT cc: Robert B Cass/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Chris Walker/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Michael Cowan/CAL/ECT@ECT Subject: Internal CANADA GAS Product Approval NEEDED- URGENT Your review and approval of the following product type in the EOL Datamanager is needed (for directions on approval , please see steps for approval at the bottom of this e-mail). If you have any questions please call me at ext. 58986. Please do not approve product types in Datamanager between 7:30 - 10:00 am. Trader: Mike Cowan GTC GTC Disclaimer This product is not intended for transaction by non-Enron companies. All submissions made by non-Enron companies to buy or sell this product, whether or not processed by the EnronOnline system, shall be treated as void and of no effect. New Product Type: CAN Gas Fin Swap (INTERNAL ONLY) EXAMPLE: CAN Gas Swap EOL AECO Daily Prompt Month CAD/GJ A Canadian gas financial Swap Transaction with Enron Canada Corp., under which the Seller pays a Floating Price and the Buyer pays the price submitted by Counterparty on the Website (the Fixed Price) in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period is the volume submitted multiplied by the number of days in the relevant Determination Period. The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the average of the Index for each day in the relevant Determination Period. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index for a month shall be the "Enron Daily Index", where: "Enron Daily Index" means the weighted average price in Canadian dollars per GJ as published for such day at the end of such day (normally being 4:05 p.m. (MPT)) on EnronOnline (or for Saturdays, Sundays and statutory holidays, at the end of the day on the preceding business day) in the table "EnronOnline Cash Physical External Gas Trades (for Canadian Gas)", in the column "Weighted Average Price (CAD/GJ)" reported for the applicable day. If a statutory holiday falls on a Monday or a Friday, the Enron Daily Index for such day shall be the Enron Daily Index for the weekend occurring closest to such day. If a statutory holiday falls on a Tuesday, Wednesday or Thursday, the Enron Daily Index for such day shall be the Enron Daily Index for the previous business day. The price is quoted in Canadian Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be gigajoules and the quantity shown shall be in GJs per day. ============================================================================== ===== STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button 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 "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved"
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