Message-ID: <23511549.1075842124753.JavaMail.evans@thyme>
Date: Mon, 5 Jun 2000 08:27:00 -0700 (PDT)
From: carol.clair@enron.com
To: susan.flynn@enron.com, susan.bailey@enron.com
Subject: Wine Bars
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X-From: Carol St Clair
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Susan and Susan:
Just wanted to give you the heads up that we will need a deemed ISDA done for 
this counterparty.  Jarrod and I are working on the details but could one of 
you undertake to get this drafted by early afternoon tomorrow?  Thanks.
carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/05/2000 03:25 PM -----

	Michael Nguyen
	06/01/2000 11:14 AM
		 
		 To: Paul R Henry/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Rajib 
Saha/HOU/ECT@ECT, Seth Hurwitz/Corp/Enron@Enron, Gary Taylor/HOU/ECT@ECT, 
Jarrod Cyprow/HOU/ECT@ECT, Scott Tackett/Corp/Enron@Enron, Tanya 
Rohauer/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Wine Bars


---------------------- Forwarded by Michael Nguyen/HOU/ECT on 06/01/2000 
11:11 AM ---------------------------
   
	
	
	From:  Ross McIntyre                           06/01/2000 11:05 AM
	

To: Michael Nguyen/HOU/ECT@ECT
cc: Mark Tawney/HOU/ECT@ECT, Steven Vu/HOU/ECT@ECT, Catherine 
Woolgar/LON/ECT@ECT 
Subject: Wine Bars

Mikey, 


Our official and joint press release goes out on Monday. Sarah Heward from 
Corneys got drunk on Tuesday night and blurted out the deal to her media pals 
- hence the article in the Times.

An overview of the deal (subject to them seeing the contract)

Transaction Type:       Critical Day Index Put Option. The index will
settle on the number of Thursdays and Fridays from 1/Jun/99 to 30/9/99
where the high temperature (Tmax) recorded is 24 Celcius or higher

Type:    Put
Strike:                 9 days
Price                   1.5 days (GBP 22,500)
Client buys/sells       Buys
Payment terms:          Premium upfront
Notional amount:        GBP 15,000 per critical day
Payout limit:           GBP 135,000
Trade date:             30/5/00
Reference station       Heathrow
Fall back reference     ?
Data Sources:           Met Web site, QC data
Client name             Corney and Barrow Wine Bars Ltd (I'll confirm this)
Brokerage:    Speedwell Weather Derivatives Limited will be paid a flat fee 
of GBP 500


Speedwells address is
19 St Mary at Hill
London 
EC3R 8EE
tel: +44 (0)20 7929 7979

Contact person there is Stephen Doherty. He is representing Corneys in this 
deal and will probably be the person to contact to get any info that you need 
on Corneys.