Lookalike Naming

I knew there was a reason we decided to go with "Lookalikes"!

Dave

---------------------- Forwarded by David Forster/Corp/Enron on 12/05/2000
09:30 AM ---------------------------
From: Enron London - EOL Product Control Group@ECT on 12/05/2000 07:58 AM
Sent by: Lara Fields@ECT
To: David Forster/Corp/Enron@Enron
cc: Amita Gosalia/LON/ECT@ECT

Subject: Lookalike Naming

Dave,

After hearing of Mark Taylor's concerns on using 'Lookalike' in the short
descriptions, we canvased the traders who would be affected (Metals and
Liquids) to get their views.

Below are Chris Mahoney's comments.

Regards,
Lara

Chris Mahoney
02/12/2000 23:54
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc: David Lilley/EU/Enron@Enron, Tim R Jones/EU/Enron@Enron, Neil
Hussey/EU/Enron@Enron, James A Gordon/EU/Enron@Enron, Mark Jones/LON/ECT@ECT,
Niamh Clarke/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT

Subject: Re: Lookalike Naming

They are futures being traded online and if we call them swaps that might
confuse customers because in
the oil market swaps are always considered to be full calender months and
price out on a daily basis.
for example if we have dec swap instead of dec lookalike that will have two
different meanings to the mkt.
the former be a full month swap with daily pricings and the latter being
being a swap that has the same dates
as the futures contract with a one day settlement. I think we would be
making a mistake changing for these
reasons.