Metals Brokers on EnronOnline

Fyi
---------------------- Forwarded by David Forster/Corp/Enron on 08/30/2000
05:02 PM ---------------------------

Amita Gosalia@ECT
08/30/2000 04:11 PM
To: Justin Boyd/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Sonya
Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, ECT London Credit
cc: Enron London - EOL Product Control Group/LON/ECT@ECT, David
Forster/Corp/Enron@Enron

Subject: Metals Brokers on EnronOnline

Hi Guys

As you are aware some of the metals counterparties we have heard from conduct
two types of business:

- proprietary trading for own book
- brokerage for customers

It has been decided to give such metals brokers only, access to metals
products on EnronOnline for trading purposes.

Can you please let me know whether you have any specific reasons why we
should not go ahead with this course of action.

Be aware that some of these brokers will be clearing their business through
LCH. This would entail tagging deals with such counterparties in the back
office systems and relabelling the cpy as LCH.

Look forward to hearing from you.

Regards

Amita