Revising EOL deals

Mark/Brent,

Any comments on the below?

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 02/27/2001
09:02 AM ---------------------------

From: Larry Joe Hunter 02/21/2001 01:44 PM

To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
cc: Kim S Theriot/HOU/ECT@ECT
Subject: Revising EOL deals

Mark/Brent,

Can one of you give us a definitive opinion on how we should handle revisions
to EOL traded deals? Currently we do it one of two ways: 1) Straight
revision to original EOL Deal number, or 2) Input reversal trade, also input
new trade with correct deal terms (confirms on all three).

Obviously the 1st option above is the easier way to go for us. However for
EOL auditing, option 2 is cleaner. Also, if you think we should always go
with the 2nd option above, should we be linking the deals together with some
sort of verbage?

Thanks,
Joe Hunter