Message-ID: <33445523.1075863363308.JavaMail.evans@thyme> Date: Wed, 12 Sep 2001 08:51:30 -0700 (PDT) From: rick.buy@enron.com To: brad.horn@nuon.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: Buy, Rick X-To: 'Brad.Horn@nuon.com' X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Sent Items X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst Was out of town but back now. I asked my group to look at your note and apprise me. Will let you know when they do. Tx 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?????