Message-ID: <8807264.1075857580648.JavaMail.evans@thyme> Date: Mon, 31 Dec 1979 16:00:00 -0800 (PST) From: john.arnold@enron.com To: dave.forster@enron.com Subject: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: John Arnold X-To: dave forster X-cc: X-bcc: X-Folder: \John_Arnold_Dec2000\Notes Folders\Discussion threads X-Origin: Arnold-J X-FileName: Jarnold.nsf Dave: A couple of issues: 1. We continue to have a number of transactions that fail because of credit exposure. These are companies that have excellent credit, such as Duke, Dynegy, Equitable, Mieco, etc, but have a fixed credit line on EOL that they blow through periodically. They get a failed trade and it often takes 5-10 minutes to rectify the problem, at which time we've lost the trade. We need the major counterparties to have unlimited credit on EOL, just as they have in normal trading. 2. As a corrallary, I am under the impression that when a trade fails because of credit, the counterparty does not get an explanatory error message describing what happened and what to do. When a credit failure happens, the counterparty will often keep clicking on the same product, getting the same error message