Message-ID: <3971954.1075855875935.JavaMail.evans@thyme> Date: Sun, 20 Feb 2000 08:25:00 -0800 (PST) From: ted.murphy@enron.com To: steve.young@enron.com Subject: Third report on Helsinki office Cc: sally.beck@enron.com, rick.buy@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: sally.beck@enron.com, rick.buy@enron.com X-From: Ted Murphy X-To: Steve W Young X-cc: Sally Beck, Rick Buy X-bcc: X-Folder: \Sally_Beck_Dec2000\Notes Folders\Europe X-Origin: Beck-S X-FileName: sbeck.nsf Steve, I am still a little out of it from my travels, but let me take a first shot at my reaction to this: I think we ought to at least challenge the notion that the mark-to-market exposure is so arcane as to be dismissed. Generally, time is of the essence in most contractual relationships and the value of that time should take into account both time value of money and the value of the underlying at critical times. I think that RAC should be deeply involved in setting negotiating strategy and be part of any decisions made. I will add to this if and when the haze clears up. Ted ---------------------- Forwarded by Ted Murphy/HOU/ECT on 02/20/2000 04:15 PM --------------------------- Robert Quick 02/18/2000 11:11 AM To: Michael R Brown/LON/ECT@ECT cc: John Sherriff/LON/ECT@ECT, Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve W Young/LON/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Tim Poullain-Patterson/LON/ECT@ECT Subject: Third report on Helsinki office Michael, here is my third report. The password is green. The Appendices are also attached and the password for them is grey. tks Robert