|
|
Enron Mail |
Yes, this is as of 2/28/01. I've run into another problem. The physical
swaps on the West desk for 7.1MM is income. Per my conversation with Kori, she said that this was a swap with Cross Commodity book. If that is the case, the Cross commodity book has income of 8,738,809 that she says is related to this 7.1 deal. Unfortunately, I can't have income on both books. Is there an offset somewhere that I am not seeing. Which book should be taking the expense West or Cross Commodity? If I'm unable to get this straighten out by tomorrow morning, I will have to make an accrual of about 15MM on the cross commodity book. Which will need to be explained in further detail. Stacey W White 03/07/2001 12:12 PM To: Tracy Greene/HOU/ECT@ECT cc: Subject: Re: ENA CAL Is this as of 2/28/2001? We have run into a little trouble completely closing this book out. There will be swaps between the desks until year-end; however, we transferred the book balance of ENA-Cal to Lavorato's Cross Commodity book. I will look into the Max Exposure issue. thanks, Stacey Tracy Greene 03/06/2001 12:13 PM To: Stacey W White/HOU/ECT@ECT cc: Subject: ENA CAL Stacey I am showing physical swaps on the west desk with ENA-CALfor 7.1MM. Is this same as the ENA-Cal that we had max exposure for last month? Valarie mentioned that something about the Power Cross Commodity book? Could you let me know what book these swaps belong with? Also are there max exposure numbers for ENA CAL? I appreciate your help in this matter. Thanks Tracy
|