Message-ID: <26305862.1075862283253.JavaMail.evans@thyme> Date: Wed, 21 Nov 2001 05:41:34 -0800 (PST) From: rod.hayslett@enron.com To: james.saunders@enron.com, lisa.sutton@enron.com, paul.cherry@enron.com, jerry.peters@enron.com, cheryl.perchal@enron.com Subject: RE: RAC Procedures Cc: vincent.strohmeyer@enron.com, john.cobb@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: vincent.strohmeyer@enron.com, john.cobb@enron.com X-From: Hayslett, Rod X-To: Saunders, James , Sutton, Lisa , Cherry, Paul , Peters, Jerry , Perchal, Cheryl X-cc: Strohmeyer, Vincent , Cobb Jr., John X-bcc: X-Folder: \RHAYSLE (Non-Privileged)\Hayslett, Rod\Sent Items X-Origin: Hayslett-R X-FileName: RHAYSLE (Non-Privileged).pst Outside of normal business lines is outside of the pipelines and therefore is not subject to being an issue here. -----Original Message----- From: Saunders, James Sent: Monday, November 19, 2001 5:55 PM To: Sutton, Lisa; Cherry, Paul; Peters, Jerry; Hayslett, Rod; Perchal, Cheryl Cc: Strohmeyer, Vincent; Cobb Jr., John Subject: RE: RAC Procedures Lisa, you might want to also review this w Vince and John -----Original Message----- From: Sutton, Lisa Sent: Monday, November 19, 2001 5:19 PM To: Cherry, Paul; Peters, Jerry; Hayslett, Rod; Perchal, Cheryl Cc: Saunders, James Subject: RE: RAC Procedures For Project Analysis Data - the write-up appears correct for non-budgeted projects > $5 million. However, it does not disclose the requirement for transactions outside of the normal business line which are > $2.5 million. Cheryl, have the rules changed? -----Original Message----- From: Cherry, Paul Sent: Monday, November 19, 2001 4:37 PM To: Peters, Jerry; Hayslett, Rod Cc: Sutton, Lisa; Perchal, Cheryl Subject: RE: RAC Procedures I would confirm Jerry's comments. Regards. -----Original Message----- From: Peters, Jerry Sent: Monday, November 19, 2001 1:57 PM To: Hayslett, Rod Cc: Sutton, Lisa; Perchal, Cheryl; Cherry, Paul Subject: RE: RAC Procedures I have the following comments: Credit Data I believe the write-up is accurate, but I have cc'd Paul on this memo to confirm. Financial Trading Risk Data We provide aggregate position data for ETS not aggregate VAR, e.g. ETS is long 10 MMCFD natural gas at Ventura for January 2002, etc. vs. ETS has $1.5 million total VAR. This is necessary for two reasons: 1.) Enron's VAR does not necessarily equal the sum of its subsidiaries VAR since there may be offsetting positions throughout the business units. 2.) Our trading books software (Caminus) does not have the capability to compute VAR in accordance with the specific methodology required (Monte Carlo simulation) in the Enron policy. Project Analysis Data I think this write-up is accurate, but I have cc'd Lisa and Cheryl to confirm. -----Original Message----- From: Hayslett, Rod Sent: Tuesday, November 13, 2001 11:44 AM To: Peters, Jerry Subject: FW: RAC Procedures What do you think of this? -----Original Message----- From: King Jr., Frazier Sent: Tuesday, November 13, 2001 11:25 AM To: Hayslett, Rod; Hartsoe, Joe Subject: RAC Procedures Rod and Joe, Here is a proposed write up of the procedures we use to protect the data that we send to RAC. Please take a look and give me your comments. Thanks! Frazier << File: PROCEDURES FOR CREDIT AND RISK DATA.doc >>