Message-ID: <29326578.1075852267969.JavaMail.evans@thyme> Date: Wed, 3 Oct 2001 11:07:25 -0700 (PDT) From: dutch.quigley@enron.com To: kevin.meredith@enron.com Subject: RE: Lot-Vol Description Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Quigley, Dutch X-To: Meredith, Kevin X-cc: X-bcc: X-Folder: \DQUIGLE (Non-Privileged)\Quigley, Dutch\Sent Items X-Origin: QUIGLEY-D X-FileName: DQUIGLE (Non-Privileged).pst i agree with this one , can we put this into production for nov. also can you create the pen swap and spread for nov dq -----Original Message----- From: Meredith, Kevin Sent: Wednesday, October 03, 2001 12:52 PM To: Quigley, Dutch Subject: Lot-Vol Description Here's the correct description. A financial Swap Transaction with Enron North America Corp., under which the Seller pays a Floating Price and the Buyer pays a Fixed Price in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure. The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the average of the Index for each day in the relevant Determination Period. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index shall be the settlement price for the last scheduled Trading Day of the NYMEX Henry Hub Natural Gas Futures Contract for the applicable Determination Period. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be the total number of 10,000 millions of British thermal units per month. Kevin Meredith EnronOnline (713) 853-9555