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Fine. If the dates are always going to be stated in the short description it
would make sense to add "short" between "product" and "description", unless this causes a problem. Thanks, Edmund, Awais Omar 03/17/2000 01:27 PM To: Edmund Cooper/LON/ECT@ECT cc: Subject: Re: Tokenized Reference periods Edmund, originated from Mark Taylor and Dave Forster wanted to use the same phrase fro all tokenised periods. Mark said this should be OK. The short Description ont he Quotes page will show the product name together with the period for the trsnacation. The dates will change automatically each day based on a rule set defiened within the databse for that product. Thus int he long description we refer the period to the dates shown in the short description. Awais Edmund Cooper 03/17/2000 09:14 AM To: Awais Omar/LON/ECT@ECT cc: Mark Dilworth/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT Subject: Re: Tokenized Reference periods Awais, Can you let me know the genesis of the phrase (in blue in Anna's email). If we are going to go with this rather than what I had come up with intially for the gas products I'd prefer if we said: "The term of the Transaction shall correspond to the date(s) set forth in the product short description on the website." Thanks, Edmund Anna Gardiner 03/17/2000 08:24 AM To: Edmund Cooper/LON/ECT@ECT cc: Mark Dilworth/LON/ECT@ECT, Awais Omar/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT Subject: Re: Tokenized Reference periods Edmund, On the basis of the Gas periods supplied below, does this mean that you do or do not agree with the changes to the Term of the Transaction text (in blue)? Please let me know before I go ahead and ask the traders to start drafting products. "The term of the Transaction shall correspond to the date(s) set forth in the Product description on the website" Thanks Anna Edmund Cooper 16/03/2000 18:41 To: Anna Gardiner/LON/ECT@ECT cc: Subject: Re: Tokenized Reference periods Here was what I had come up with Anna Gardiner 03/16/2000 06:38 PM To: Edmund Cooper/LON/ECT@ECT cc: Awais Omar/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT Subject: Re: Tokenized Reference periods Edmund Please can you confirm that this complex description for Weekend UK Nat Gas is correct. "The term of the Transaction shall correspond to the date(s) set forth in the Product description on the website. The Supply Period shall be for the gas Days commencing on the Saturday and Sunday following the trade date and any Friday and/or Monday, adjoining such Saturday and Sunday, which is not a Banking Day." As you will see from my emails below, I am trying to establish whether supply period information should still appear in the descriptions for UK and Cont Gas. I have spoken to Jonathan Whitehead and he has said that he is happy as long as legal has approved the descriptions. I would appreciate it if you could let me know as soon as possible that this info is correct. I will then be able to go ahead and inform all traders that they can set up their tokenised products. Many thanks Anna ---------------------- Forwarded by Anna Gardiner/LON/ECT on 16/03/2000 18:28 --------------------------- Anna Gardiner 15/03/2000 17:39 To: Awais Omar/LON/ECT@ECT cc: Mark Dilworth/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT Subject: Re: Tokenized Reference periods Awais, I have now made your requested changes in complex descriptions. As mentioned in email below, I was not sure whether you wanted to remove the supply period information for UK and Cont Gas. Mark suggested that I speak to Jonathan Whitehead to confirm that this information be left in the complex description. Jonathan has said that he thinks that it should be there as long as legal have approved it. If the supply period text should be removed, please let me know and I will remove it. Once this has been confirmed, do you then want me to go ahead and inform the traders that they can now start setting up their products with tokenised periods? Many thanks Anna ---------------------- Forwarded by Anna Gardiner/LON/ECT on 15/03/2000 17:29 --------------------------- Anna Gardiner 15/03/2000 13:08 To: Mark Dilworth/LON/ECT@ECT cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Awais Omar/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT Subject: Re: Tokenized Reference periods I have made the relevant changes in complex descriptions. Before I go ahead and inform the traders that they can set up their products for DA, BoM etc, could you take a look at the descriptions for UK Gas and Belgian Gas. I have inserted the relevant term of transaction info ("The term of the Transaction shall correspond to the date(s) set forth in the Product description on the website") but have not taken out the information on Supply periods (The Supply Period shall be for the gas Days commencing on the Saturday and Sunday following the trade date and any Friday and/or Monday, adjoining such Saturday and Sunday, which is not a Banking Day.). Does this info need to be deleted, or should it remain in all complex descriptions for UK and Cont Gas? Let me know and I will amend if necessary. All other descriptions should now read as per Awais's email. Thanks Anna ---------------------- Forwarded by Anna Gardiner/LON/ECT on 15/03/2000 12:53 --------------------------- Amita Gosalia 14/03/2000 15:29 To: Mark Dilworth/LON/ECT@ECT cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Awais Omar/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT Subject: Re: Tokenized Reference periods Hi Mark Lara and Anna will be on the case. Rgds A Mark Dilworth 14/03/2000 09:22 To: Amita Gosalia/LON/ECT@ECT cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Awais Omar/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT Subject: Re: Tokenized Reference periods amita have you anyone who can look after this while arfie's away? if not i can....(and I can help in any case) F. A. B. m ---------------------- Forwarded by Mark Dilworth/LON/ECT on 03/14/2000 09:20 AM --------------------------- Arfan Aziz 03/14/2000 12:36 AM To: Awais Omar/LON/ECT@ECT cc: Mark Dilworth/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT Subject: Re: Tokenized Reference periods Awais I can confirm that the gas products all have the following phrase at the beginning of the complex long description: "The term of the Transaction shall be from the Effective Date to the Termination Date (as stated in the Short Description). " This has already been added - do you want it amended to ready the one you specified below ?? Also it is not clear from your email below but can you comfirm that the Power products do not require this description ? In addition, I dont think I should be adding products for any of the traders - they should be doing this themselves ! Also as I am in Sydney for the next few weeks I wont get anytime when I am in the same time zone as them - could you talk to them directly or email them as any responses from them to me will be delayed by a day ! Thanks Arfan Awais Omar 10/03/2000 23:51 To: Jay Webb/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Arfan Aziz/LON/ECT@ECT cc: David Forster/HOU/ECT@ECT, Mark Dilworth/LON/ECT@ECT Subject: Tokenized Reference periods Jay, Below is Latest Rule set for the tokenised reference periods. If this is in the correct format might be easier just to upload this in full into production. The new ones are coloured in yellow in the spreadsheet. I n additon could you please also upload the rules for (i) Day Ahead Can Nat Gas (Sumas/Hunt/S2) and (ii) BoM Can Nat GAs (Sumas/Hunt/S2) into Test as well. I have created two products 4293 and 4294 in test. So once the rules have been inserted can you please also run the relevant part of the scheduler to convert the abbreviationot date so that Jennifer can then test bridging of these Canadian products. Dale, Arfan Can you please check the comples description for each of the tokenised peirods listed in the spreadsheet above reads: "The term of the Transaction shall correspond to the date(s) set forth in the Product description on the website." We have decided that it would be easier for consistency to have this in all descriptions. For the Power ones I believe the time or loadshape is referenced in another part of the description and so does not need to be referenced here, e.g. in Uk power ones says fro 11 p.m. on trade day to 11 p.m. ont he following day for Day Ahead. You need to both then ask, unless you already know, what products traders want as tokenised and set these up for them. They can then start using the new tokenised products the day after they have been set up as the scheduler needs to run overnight to convert the tokenised abbreviation to the correct dates. Dale, Can you please let Patrice Thurston and Kevin Ruscittit that their product 9877, the one I set up as the Balance of Month, shoudl be OK to use now as Jennifer's bridge testing was successful for US Gas and US Power. The only thing missing is teh treatment for Holidays for Canadian Gas, I have sent an email to Grant Oh, tel 403 977 6778 in Calgary, requesting this info. Once you have please put this into same format as in the above spreadsheet in sheet labelled "Specific Rules" and give to Jay to Upload. Jennifer, Please follow up with Jay when therules for Canada Gas have been inserted into Test database and also when the correct dates are shown for the products 4293 and 4294 you can then do bridge testing for Canada Gas. Thurderbirds are go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Awais
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