Message-ID: <5481973.1075842531674.JavaMail.evans@thyme> Date: Fri, 15 Dec 2000 03:35:00 -0800 (PST) From: drew.fossum@enron.com To: martha.benner@enron.com Subject: ETS Risk Management Policy Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Drew Fossum X-To: Martha Benner X-cc: X-bcc: X-Folder: \Drew_Fossum_Dec2000_June2001_2\Notes Folders\All documents X-Origin: FOSSUM-D X-FileName: dfossum.nsf pls print. df ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/15/2000 11:32 AM --------------------------- From: Dan Fancler 12/14/2000 06:00 PM To: Sally Beck/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Kent Miller@Enron, Dave Neubauer/ET&S/Enron@ENRON, Robert Hayes/FGT/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON cc: Jerry Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron, Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Bob Chandler/ET&S/Enron@Enron Subject: ETS Risk Management Policy I would like Sally Beck and Cassandra Schultz to review the attached Risk Management Policy to tell us if they have any concerns about ETS management approving the document. The second document titled Procedures are the controls that are in place or in some cases will be in place by the end of the 1st quarter of 2001. (Daily Position Reporting will be available upon implementation of the planned trading system.) We are asking the Marketing VPs to review the policy and accompanying procedures with an eye toward recommending the trading limits as allowed by the policy. Also, please note the last page of the procedure document which provides an example of the Hedge Documentation, (provided to us by the Corporate SFAS 133 team) that will be required to maintain hedge accounting. Drew, Tony, Lee, Bob and myself thank you for your input before the documents go for final approval. If you feel a meeting is needed to discuss the content, it will be arraigned.