Message-ID: <29969262.1075843904368.JavaMail.evans@thyme> Date: Thu, 3 May 2001 00:59:00 -0700 (PDT) From: jeffrey.shankman@enron.com To: john.chismar@enron.com Subject: RE: New Spread Functionality Cc: mike.mcconnell@enron.com, john.nowlan@enron.com, andy.zipper@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: mike.mcconnell@enron.com, john.nowlan@enron.com, andy.zipper@enron.com X-From: Jeffrey A Shankman X-To: John Chismar X-cc: Mike McConnell, John L Nowlan, Andy Zipper X-bcc: X-Folder: \Mark_McConnell_June2001\Notes Folders\All documents X-Origin: MCCONNELL-M X-FileName: mmcconn.nsf John, thanks for the follow up. I will forward your email to Andy Zipper, who is in charge of EOL. This will be taken care of with the priority it deserves. Jeff -----Original Message----- From: Chismar, John Sent: Thursday, May 03, 2001 5:28 AM To: Shankman, Jeffrey A.; Nowlan, John Cc: Mahoney, Chris; Markey, Patrick Subject: Re: New Spread Functionality Jeff, John - this is where we need some help. At our meeting in New York,several of the presenters expressed dissatisfaction with the Products Control Group. One of the issues in my presentation was time spreads. Since Oct of 2000 we have been trying to put this out in Sing because it was much more liquid and carried lower risk than the flat price trading we are doing now on EOL. PCG kept trying to force feed us a format based on US Nat Gas. This setup would not be acceptable to our customers. In the meantime ICE beat us to the punch and started offering time spreads in March. We finally got this sorted out and now have a format ( though not the best) that is workable and able to be put on line. However, we are dismayed to see their response that they don't want to waste their time putting other products on line until they see some liquidity in the one product they designed. I may be naive but once they set up the one time spread product it should be relatively easy to add additional products and or other types of spreads ( ie - quarter to quarter as opposed to month to month). Any help is appreciated. John ---------------------- Forwarded by John Chismar/SIN/ECT on 05/03/2001 06:14 PM --------------------------- Patrick Markey 05/03/2001 01:53 PM To: John Chismar/SIN/ECT@ECT cc: Subject: Re: New Spread Functionality John, Listed below is the e-mail that we rec'd from the PCG group in London re: our request for more spread-type products. Thanks, Pat ---------------------- Forwarded by Patrick Markey/HOU/ECT on 05/03/2001 01:52 PM --------------------------- Caroline Duggan 04/27/2001 05:00 PM To: Patrick Markey/HOU/ECT@ECT cc: Amita Gosalia/LON/ECT@ECT, Enron London - EOL Product Control Group/LON/ECT@ECT Subject: Re: New Spread Functionality << OLE Object: StdOleLink >> Hi Pat, The SG Dubai Time Spread has now been approved by all the relevant departments and will be uploaded over the weekend. With regards to the other products you have requested, creating time spreads for the Tapis, SG 180 HSFO, SG380 HSFO, SG Kero, SG Gasoil & SG Naphtha, this will involve creating 6 whole new product types. At this point in time, we have a restriction as to how many new product types we can create and we are currently working on numerous product launches for the other trading groups. Before we go ahead creating more SG product types, we do need to see more trading activity in order to justify having to create 6 more new product types. If you have any questions, please let me know. Regards Caroline Patrick Markey 27/04/2001 04:35 To: John Chismar/SIN/ECT@ECT, Richard Slovenski/SIN/ECT@ECT, Hans Wong/SIN/ECT@ECT cc: Patrick Markey/HOU/ECT@ECT, Carol Chew/SIN/ECT@ECT, Caroline Duggan/LON/ECT@ECT Subject: New Spread Functionality All, When you are ready, we can show you how the spread functionality will work on EnronOnline. Still trying to ascertain when these products will be up and running. We have a test server that can be used to test these products. We are asking for spreads on the following products: Dubai, Tapis, SG 180 HSFO, SG 380 HSFO, SG Kero, SG Gasoil, SG Naphtha. If there are any other time spread products that you guys would like, please let me know. Thanks, Pat Caroline - What do we need to do to get the other product descriptions routed through the system? I know that you have the Dubai description. Also, we have already created the Tapis, SG 180 HSFO, SG380 HSFO, SG Kero, and we have the crack spread for the SG Naphtha. Therefore, is it necessary for us to create all the product descriptions and forward them to you.