Message-ID: <27365090.1075840065094.JavaMail.evans@thyme> Date: Mon, 7 May 2001 16:09:44 -0700 (PDT) From: sean.crandall@enron.com To: savita.puthigai@enron.com Subject: RE: Power spread Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Crandall, Sean X-To: Puthigai, Savita X-cc: X-bcc: X-Folder: \ExMerge - Crandall, Sean\Sent Items X-Origin: CRANDELL-S X-FileName: If I can build a product, I'm ready any time. We can test it internally before we go live. Let me know if I can build the product. Thanks -----Original Message----- From: Puthigai, Savita Sent: Monday, May 07, 2001 7:54 AM To: 'Crandall, Sean'; Meredith, Kevin Cc: Belden, Tim Subject: RE: Power spread Hi Sean, Do you have any idea when you would feel comfortable getting the product out on EOL ? -----Original Message----- From: Crandall, Sean [mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=D32B0C9F-1BAAA1FD-862565AE-765434@ENRON.com] Sent: Thursday, May 03, 2001 12:07 PM To: Meredith, Kevin Cc: Puthigai, Savita; Belden, Tim Subject: Re: Power spread Kevin This looks like it will work. Since there has been some confusion around this, I'll lay out what I think will happen with this language. Assumption #1: MC on EOL is 300 at 350. COB is not displayed on EOL. Product 1 is COB; Product 2 is MC COB/MC Spread is 5 @ 10 on EOL Situation #1 Customer lifts the COB/MC spread at $10. Enron will then BUY the MC at $325 and SELL COB at $335. Situation #2 Customer hits the COB/MC spread at $5. Enron will then SELL the MC at $325 and BUY COB at $329. This is how it should work. I suggest we test things out now, and see how it works. Thanks, Sean