Re: NEW ENRONONLINE PRODUCT

Done - sorry for the delay.

=09Robert B Cass
=0911/17/2000 05:11 PM
=09=09=20
=09=09 To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H=
=20
Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn=
=20
Hagelmann/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT
=09=09 cc: Karen Lambert/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie=20
Sever/HOU/ECT@ECT, Robert Fuller/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Jas=
on=20
Althaus/Corp/Enron@Enron
=09=09 Subject: NEW ENRONONLINE PRODUCT - PLEASE APPROVE

Your review and approval of the following product type in the EOL Datamanag=
er=20
is urgently needed (for directions on approval , please see steps for=20
approval at the bottom of this e-mail). =20

Trader : Rob Fuller*-

Example:

US WTI Basis Platts LLS Jan01 USD/bbl

Physical Description :
New Product TypeCommodity: =20
Product Type: US Crude WTI Fin Basis Swap
Commodity: Crude Oil
Currency: USD
Default UOM: Barrels
Country: USA

Financial Description (e.g):
A US Crude financial Swap Transaction with Enron North America Corp., under=
=20
which either (A) for the case in which Counterparty submits an offer to buy=
=20
from Enron, Counterparty shall pay the Fixed Price and shall receive the=20
Floating Price, each in respect of the Notional Quantity per Determination=
=20
Period; or (B) for the case in which Counterparty submits an offer to sell =
to=20
Enron, Counterparty shall receive the Fixed Price and shall pay the Floatin=
g=20
Price, each in respect of the Notional Quantity per Determination Period.=
=20
Each calendar month during the term of the Transaction will be a=20
Determination Period. The Notional Quantity per Determination Period is the=
=20
volume submitted by the Counterparty via the website. The Payment Date(s)=
=20
will be 5 business days after both the Fixed Price and the Floating Price a=
re=20
determinable. The Floating Price shall be the average of the Index for each=
=20
day in the relevant Determination Period.

The term of the Transaction shall be from the Effective Date to the=20
Termination Date. The Effective Date is 01 Jan 2001. The Termination Date i=
s=20
31 Jan 2001.

(Note: The following are 3 of 12 indices - examples - that will be=20
applicable)
(Light Louisiana Sweet)
The Fixed Price for a Determination Period shall be the mean of the daily=
=20
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the=
=20
Crude Price Assessments section of Platt=01,s Oilgram Price Report for thos=
e=20
issues published for the applicable Calculation Period, modified by the pri=
ce=20
submitted by the Counterparty on the website. The Index for a day shall be=
=20
the mean of the daily quotations for LLS under the heading "U.S. $/Bbl" in=
=20
the Crude Price assessments section of Platt=01,s Oilgram Price Report for =
those=20
issues published for the applicable Calculation Period.=20

(West Texas Sour)
The Fixed Price for a Determination Period shall be the mean of the daily=
=20
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the=
=20
Crude Price Assessments section of Platt=01,s Oilgram Price Report for thos=
e=20
issues published for the applicable Calculation Period, modified by the pri=
ce=20
submitted by the Counterparty on the website. The Index for a day shall be=
=20
the mean of the daily quotations for WTS under the heading "U.S. $/Bbl" in=
=20
the Crude Price assessments section of Platt=01,s Oilgram Price Report for =
those=20
issues published for the applicable Calculation Period.

(Midland Sweet.) =20
The Fixed Price for a Determination Period shall be the mean of the daily=
=20
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the=
=20
Crude Price Assessments section of Platt=01,s Oilgram Price Report for thos=
e=20
issues published for the applicable Calculation Period, modified by the pri=
ce=20
submitted by the Counterparty on the website. The Index for a day shall be=
=20
the mean of the daily quotations for WTI Midland under the heading "U.S.=20
$/Bbl" in the Crude Price assessments section of Platt=01,s Oilgram Price R=
eport=20
for those issues published for the applicable Calculation Period.

The price is quoted in US Dollars per unit of volume, which will be the=20
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per=
=20
month and the quantity shown shall be in Barrels per month.

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D
=3D=3D=3D=3D=3D
STEPS FOR APPROVAL:

click the START button=20
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD=20
click the Enron Online Production Cluster "START" button =20
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up=20
TO APPROVE: Right mouse click on "Approved"
=20
Thanks - Rob Cass - Melba Lozano
x35491 x58986