Message-ID: <14069699.1075855871652.JavaMail.evans@thyme> Date: Fri, 25 Feb 2000 07:00:00 -0800 (PST) From: sheri.thomas@enron.com To: brenda.herod@enron.com, brent.price@enron.com, kevin.sweeney@enron.com, kristin.albrecht@enron.com Subject: Cutoff Time for EOL Gas Transactions Cc: michael.moscoso@enron.com, peggy.hedstrom@enron.com, sally.beck@enron.com, louise.kitchen@enron.com, torrey.moorer@enron.com, jennifer.denny@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: michael.moscoso@enron.com, peggy.hedstrom@enron.com, sally.beck@enron.com, louise.kitchen@enron.com, torrey.moorer@enron.com, jennifer.denny@enron.com X-From: Sheri Thomas X-To: Brenda F Herod, Brent A Price, Kevin Sweeney, Kristin Albrecht X-cc: Michael E Moscoso, Peggy Hedstrom, Sally Beck, Louise Kitchen, Torrey Moorer, Jennifer deBoisblanc Denny X-bcc: X-Folder: \Sally_Beck_Dec2000\Notes Folders\Eol X-Origin: Beck-S X-FileName: sbeck.nsf I talked to each of you a couple of weeks ago, and this topic got pushed aside due to some other pressing issues. However, each of you agreed that a standard cutoff time was acceptable for US gas, power and liquids products. The best option will be to agree to cutoff at 4pm each day (just to get an idea of the numbers we were talking about, I looked at yesterday to determine how many deals were traded after 4pm Houston time. We had three US Gas deals, and two Canadian Gas deals). After 4pm, the bridges would automatically roll new EOL deals to the next day. However, for those deals that do not bridge after 4pm, the various risk groups would need to remember that these deals are the following day's business. I am not sure how the procedures in Risk would need to be modified for the trader's position reports, as the official books would not include these late deals. Can Risk run supplemental reports to ensure that the desks have accurate positions each morning? I would appreciate any comments that you may have, and regardless, please re-confirm that a cutoff of 4pm works for each of your respective groups. Sheri x36557 Mike - any potential problems with the DPR? Peggy - we discussed briefly a few weeks back...any thoughts?