Message-ID: <2687621.1075854701183.JavaMail.evans@thyme> Date: Tue, 23 May 2000 04:26:00 -0700 (PDT) From: eric.bass@enron.com To: david.baumbach@enron.com, o'neal.winfree@enron.com, michael.walters@enron.com, bryan.hull@enron.com, jeff.crook@enron.com, ami.chokshi@enron.com Subject: 24 x 5 Products Cc: steve.venturatos@enron.com, brenda.herod@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: steve.venturatos@enron.com, brenda.herod@enron.com X-From: Eric Bass X-To: David Baumbach, O'Neal D Winfree, Michael Walters, Bryan Hull, Jeff A Crook, Ami Chokshi X-cc: Steve Venturatos, Brenda F Herod X-bcc: X-Folder: \Eric_Bass_Dec2000\Notes Folders\Sent X-Origin: Bass-E X-FileName: ebass.nsf We are going to be rolling out a new product on EOL starting this bidweek. This product will be for physical delivery only on the weekdays (no weekend delivery). Currently, the EOL/Sitara Bridge cannot handle this type of logic, so these deals will have to be input manually. Let me know if you have further questions. Eric ---------------------- Forwarded by Eric Bass/HOU/ECT on 05/23/2000 11:23 AM --------------------------- Dale Neuner 05/23/2000 10:26 AM To: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron, Jason Althaus/Corp/Enron@Enron, Melba Lozano/HOU/ECT@ECT cc: Eric Bass/HOU/ECT@ECT Subject: 24 x 5 Products We are rolling out the use of the 24 x 5 Nat Gas Product commencing tomorrow, May 24th. The Product is a month-long Physical Nat Gas Product traded off the Texas desk. It will be identified as follows: US Gas Phy Exxon Katy WkD Jun00 USD/MM This Product is different from the usual Products traded on the Texas Desk in that the Product description has an indicator of WkD, which designates that the Product only moves gas on a day that is a Monday, Tuesday, Wednesday, Thursday or Friday. These Products WILL NOT bridge into Sitara. Risk personnel will need to be diligent to identify these Products based on the information in the Product Description to ensure that the Products are entered into Sitara correctly (presumably - strips of Monday-Friday trades and the corresponding month-starting days and/or month-ending days). We understand the potential impact of having to manually input these transactions and have asked the appropriate systems personnel to examine the links between EOL and Sitara and consider building bridge capability. In the interim, we anticipate that the trading volume on these Products will be low, and will ask for higher prioritization of the bridging in the event that volumes increase. Dale 3-9746