Subject: Re: FF vols from historical fwd price curves
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked]
Date: Mon, 5 Jun 2000 06:26:00 -0700 (PDT)

Winston,
I am sending you FFD vol curves which are calculated based on 1 month (18 
log-returns)
of data with 0.97 decay factor. These vols give $3.14 M in VAR for 
STORAGE-PRC (versus 3.37 in production
for 5/30/00).

Tell me what I need to change in the format so that it is convenient for you.

Tanya