Message-ID: <23066084.1075856643150.JavaMail.evans@thyme> Date: Fri, 14 Jul 2000 10:15:00 -0700 (PDT) From: anjam.ahmad@enron.com To: ted.murphy@enron.com, vince.kaminski@enron.com Subject: Re: Agenda for NY MG Metals Visit Cc: tanya.tamarchenko@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: tanya.tamarchenko@enron.com X-From: Anjam Ahmad X-To: Ted Murphy, Vince J Kaminski X-cc: Tanya Tamarchenko X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_5\Notes Folders\Var X-Origin: Kaminski-V X-FileName: vkamins.nsf Hi Ted and Vince, Thank you for conveying our thoughts exactly - Tanya and I hope to close the circle with you at 4pm, Ted. Regards, Anjam and Tanya From: Ted Murphy 14/07/2000 16:02 To: Vince J Kaminski/HOU/ECT@ECT cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Steve W Young/LON/ECT@ECT, Eric Gadd/LON/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON Subject: Re: Agenda for NY MG Metals Visit I agree with Vince. Ideally, this visit would supplement rather than duplicate effort. However, on the front end, I would prefer a little overkill to underkill - especially with respect to the VAR process. I would defer to Anjam/Tanya's opinion as to what is necessary to get an initial comfort level. Remember that this is the first cut, but it will need to be refined over time to the point where it is credible enough to force someone to take a position down based on the calculatiion. If this causes some heartburn please refer those people to me. Ted Vince J Kaminski 07/14/2000 09:04 AM To: Lloyd Fleming/LON/ECT@ECT cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT Subject: Re: Agenda for NY MG Metals Visit Lloyd, Speaking from experience, I think that it's critical for Tanya and Anjam to visit MG in New York and establish direct relationship with technical people. Merging two risk management systems requires handling many very technical issues and face to face discussions between IT and quants will be very helpful. Vince From: Lloyd Fleming 07/14/2000 03:42 AM To: Tanya Tamarchenko/HOU/ECT@ECT cc: Andreas.Barschkis@mgusa.com @ ENRON, Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT Subject: Re: Agenda for NY MG Metals Visit Tanya, I think most of your queries can be dealt with on the phone - I'll be at MG with Andreas today and we'll call you. Most of these points have already been covered with Anjam in any case. I'm also attaching a file downloaded from Mercur (MG's risk aggregation system) showing monthly total positions for each metal in each entity. You can fairly easily create tables and graph what you want to see. We can talk today about getting a full deal download. Regards Tanya Tamarchenko 13/07/2000 22:45 To: Andreas.Barschkis@mgusa.com @ ENRON cc: Dale Surbey/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT Subject: Agenda for NY MG Metals Visit Hi Andreas, Here are the issues we would like to discuss on our Thursday meeting in NY: 1. Inputs for options valuation, in particular the origins of volatility curves; 2. Information on exotic options structures (existing & potential); 3. The data flow (are we going to get data from London or NY). 4a. Storage of positions information at MG. How to extract the positions info from MG database into spreadsheets. 4b. Existing positions structure for each metal. 5. Introduction to concentrates trading business, key personnel. Best Regards, Tanya & Anjam 713 853 3997