Message-ID: <24655877.1075849820777.JavaMail.evans@thyme>
Date: Wed, 7 Feb 2001 08:48:00 -0800 (PST)
From: heidi.mason@enron.com
To: sally.beck@enron.com
Subject: A Query that needs your input please
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Sally

I meet today with a representative of the Aust Financial Markets Assoc (AFMA) 
to look at a system they have developed called SCOR: Standards for the 
Control of Operational Risk. It is essentially a complex set of procedures 
for identifying and managing operational risk. The idea is to use it to 
benchmark and develop in written form your own control procedures. 

I have a presentation pack and I think this would be worth our subscribing: 
cost is $US5 500 for 3 years, but I was wondering:

1. Who would be the right person in Houston/London to go through this with - 
if that is required 
2. Am I re-inventing the wheel and do we have detailed written procedures all 
ready. 

Any feedback would be great. Another point to note that may be of interest: 
all our trading counterparties in the energy markets have taken it, including 
some with US parents like ourselves, including Delta and NRG. This surprised 
me a little. 

With thanks

Heidi