Message-ID: <29562889.1075863372433.JavaMail.evans@thyme> Date: Tue, 11 Sep 2001 09:30:08 -0700 (PDT) From: brad.horn@nuon.com To: rbuy@enron.com Subject: FW: Systemic Market Risk to Follow NYMEX Failure Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Brad.Horn@nuon.com X-To: rbuy@enron.com X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Inbox X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst > Rick: > In light of recent events at the world trade center, Im concerned > about the poitential for a systemic failure following the destruction of > NYMEX. A quick note from you to confirm or deny would be appreciated. > > For example, if NYMEX payments are delayed significantly, Im worried > that a larger payment failure in the energy derivatives market might > follow. In this scenario, Enron?s large NYMEX position could put it in > jeoprardy. As a result, I would think you would know before others if a > NYMEX clearing falure is in the works. Do you have any insight at this > time into NYMEX payment performance?????