Re: EOL Confirmations

I did havea brief conversation with Janice about this but don't remember her
conclusions. For financial transactions we are attaching the GTC's. That is
the way we handle the regular telephone trading and in an attempt to make the
online trading look as much like telephone trading as possible we continue
the tradition. If in current liquids trading the terms and conditions are
not sent as part of the confirm (where there is no master in place) I don't
know why we need to attach them for online trading. If the back office needs
a Word version of the GTC to make their job easier there should be no problem
getting one for them.

Nony Flores
01/05/2000 02:50 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: EOL Confirmations

Mark: I'm not sure if Janice had the opportunity to talk to you about the
point of attaching GTC's to on-line confirms or not; however, since she is on
vacation this week and we started trading liquids on-line today, Alan
suggested that I contact you and find out the outcome of this ongoing
question. Do we attach GTCs to each confirm that's sent out to the EOL
counterparty?

Thanks.
Nony
---------------------- Forwarded by Nony Flores/HOU/ECT on 01/05/2000 02:34
PM ---------------------------

Alan Aronowitz
11/17/99 10:06 AM
To: Janice R Moore/HOU/ECT@ECT
cc: Nony Flores/HOU/ECT@ECT
Subject: Re: EOL Confirmations

I have not had any discussions with Mark Taylor on the point of attaching
GTCs. I don't know why it has been determined to be appropriate to do the
attachment. Please consult with Mark on this and let me know what you find
out. Thanks.

Alan

From: Janice R Moore 11/11/99 10:40 PM

To: Alan Aronowitz/HOU/ECT@ECT
cc: Nony Flores/HOU/ECT@ECT
Subject: EOL Confirmations

You will recall that we went to a meeting last month w/ the EOL people while
you were out of town. That meeting revealed that a lot of work still needed
to be done on the confirms. Of course, there still hasn't been time to
finish the liquids products EOL confirm templates, and I think the priority
got less urgent, since these products will be among the last to be traded by
EOL. But the quesiton lingers about the need to attach GTCs to each confirm
that's sent out to the EOL counterparty. It seemed to us that perhaps you
and Mark Taylor and others might have had discussions on that topic ahnd
reached some conclusion. Rob Cass made a rather cogent appeal that we not
require the attachment (lots of manhours, for one reason, since the computer
will not automatically generate the GTCs or autofax them). But we never had
a chance to talk about this, so I'm wondering if you could give me your
thoughts. Thanks.

By the way, it looks like the SK deal closing is on for next week, so I'll be
leaving for Singapore on Monday.
---------------------- Forwarded by Janice R Moore/HOU/ECT on 11/11/99 10:17
PM ---------------------------

Lynn E Shivers
11/09/99 06:33 PM
To: Janice R Moore/HOU/ECT@ECT
cc: Kevin Sweeney/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT
Subject: EOL Confirmations

Have you had a chance to review and finalize the templates for any of our EOL
confirmations?

Also, have any decisions been made on "GTC" attachment/no attachment?

Thanks for your help!

Lynn