Message-ID: <10850683.1075863372654.JavaMail.evans@thyme> Date: Wed, 12 Sep 2001 08:53:19 -0700 (PDT) From: david.port@enron.com To: rick.buy@enron.com, ted.murphy@enron.com Subject: RE: 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: Port, David X-To: Buy, Rick , Murphy, Ted X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Inbox X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst Nymex is a couple blocks away. I'm looking into the Herstadt risk.... -----Original Message----- From: Buy, Rick Sent: Wednesday, September 12, 2001 10:45 AM To: Murphy, Ted; Port, David Subject: FW: Systemic Market Risk to Follow NYMEX Failure fyi- is nymex in world trade bldg? rick -----Original Message----- From: Brad.Horn@nuon.com [mailto:Brad.Horn@nuon.com] Sent: Tuesday, September 11, 2001 11:30 AM To: rbuy@enron.com Subject: FW: Systemic Market Risk to Follow NYMEX Failure 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?????