Message-ID: <7869424.1075863429752.JavaMail.evans@thyme> Date: Mon, 2 Jul 2001 15:04:14 -0700 (PDT) From: j.kaminski@enron.com To: zimin.lu@enron.com Subject: FW: FEA Announces the Release of @GLOBAL 5.0 Cc: sandeep.kohli@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: sandeep.kohli@enron.com X-From: Kaminski, Vince J X-To: Lu, Zimin X-cc: Kohli, Sandeep X-bcc: X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Sent Items X-Origin: Kaminski-V X-FileName: VKAMINS (Non-Privileged).pst Zimin, FYI. Please, install it. Vince -----Original Message----- From: "Erin Hopkins" @ENRON [mailto:IMCEANOTES-+22Erin+20Hopkins+22+20+3Cerin+40fea+2Ecom+3E+40ENRON@ENRON.com] Sent: Monday, July 02, 2001 2:11 PM To: vkamins@enron.com Subject: FEA Announces the Release of @GLOBAL 5.0 July 02, 2001 Enron North America Corp. Vince Kaminski 1400 Smith Street 30th Floor, Rm. 3036B Houston, TX 77002-7361 1 713-853-3848 Dear Vince Kaminski, This is to inform you of the release of @GLOBAL v5.0. FTP download instructions are available immediately. The download instructions are included at the end of this email. Your CD's and manuals will be shipped to you within 2 weeks. Please see below for more information regarding this new release. Please confirm that you are the correct recipient for this shipment and your address above is correct by clicking reply and send. If any changes need to be made, please make the changes above and reply. Here is an overview of the new features from the release notes: New License Keys Required FEAs new licensing scheme requires new keys. If you received new @GLOBAL license keys recently (within the last 6 months to a year), you need do nothing, otherwise contact FEA to receive updated license keys. To get new keys, contact FEA by email info@fea.com, fax +1-510-548-0332, or telephone +1-510-548-6200. *To avoid downtime we strongly recommend you get and install the new keys before installing the new software. New Functions The following functions have been added: Function Module Description MCEAPO 2 Monte Carlo based, European average (inverse)price option. CPAMW 4 Cash-or-nothing digital barrier option (hit in time window, pay at maturity. EPINM 4 Kick-in at maturity option. REVEADOM 4 Reverse knock-out at maturity option. EURO_BESTOF 5 Best-Worse of (two/three) assets. EURO_DBESTOF 5 Best-Worse of (two/three) assests, digital payment. MCEQUITY_ASAIN 5 Monte Carlo European average-returns option (up to 12 equities). MCEQUITY_ASIAN_CLIQUET 5 Monte Carlo European average-returns option (up to 12 equities) with cliquet features. New Add-in Manager @GLOBAL 5.0 comes with a new add-in manager that makes navigating between different FEA templates very easy. Simply open the fea\xlutil\readme.xls and follow the instructions specified in the spreadsheet. New Module @GLOBAL.5 Baskets & Averages has been added. Prior to this release, functions in this module were part of the SPAV product. New Templates Templates have been added for the new functions and existing templates have been updated. New Features All options now allow for positive or negative input amount. Negative amounts can be useful to represent short positions. All options can now be consistently evaluated on expiration date (zero time to expiry). An error is still returned if the option has already expired (negative time to expiry). European spread option models (EUDU, ECMXX, EPMNX) now support an alternative tree implementation. Speed Improvement Our tests show a substantial speed improvement (40%-60%) from version 4.2, especially for computationally demanding models. If you have any questions please feel free to contact us. We appreciate this opportunity to be of continuing service to Enron North America Corp.. Regards, Michelle Mendoza Email to: Support@fea.com or michelle@fea.com Direct Tel: +1-510-549-8702 *111 Financial Engineering Associates, Inc. ************************************************************************* To download @GLOBAL via FTP, follow the following instructions: NOTE: Using EXPLORER leads to unpredictable results, so we suggest using NETSCAPE or a DOS shell. USING NETSCAPE: In the Location box type: ftp://global@ftp.fea.com Password: 9cmccfcd global-5.0-win32.exe is for Excel 7 or 97SR1, 2000 or XP, download and run on a local drive. global40-unix.tar.Z is for Applix, download, unzip, and untar and then follow the instructions in Readme_Install. USING A DOS SHELL: At a DOS prompt type: ftp ftp.fea.com User: global Password: 9cmccfcd Type "binary" and hit 'return'. Type "ls" for a list of available files. Type "get" global-5.0-win32.exe and and wait for the ftp> prompt. Type "quit". The file will be downloaded into the directory at which you entered the ftp site. Double click on the exe and follow the instructions on the screen. N.B.: The password is only valid until the first Friday of next month.