Message-ID: <8367415.1075851741483.JavaMail.evans@thyme> Date: Fri, 23 Feb 2001 08:58:00 -0800 (PST) From: david.forster@enron.com To: eol.traders@enron.com, eol.originators@enron.com, linda.andersson@enron.com, aaron.armstrong@enron.com, stephen.asplin@enron.com, pierre.aury@enron.com, denis.bajolle@enron.com, andrew.baldock@enron.com, betsy.bassis@enron.com, enrico.bauli@enron.com, gregor.baumerich@enron.com, rob.bayley@enron.com, soenke.becker@enron.com, kenza.bennouna@enron.com, katrina.bensadon@enron.com, stuart.bland@enron.com, martin.bloch@enron.com, thomas.boettcher@enron.com, peter.bradley@enron.com, robert.brewis@enron.com, simon.brod@enron.com, simon.brooks@enron.com, raphael.brun@enron.com, hazel.chawapiwa@enron.com, thomas.cheng@enron.com, john.chismar@enron.com, sharni.clark@enron.com, chris.connelly@enron.com, peter.crilly@enron.com, shane.dallmann@enron.com, natasha.danilochkina@enron.com, brett.date@enron.com, rudy.dautel@enron.com, ect@enron.com, bucky.dusek@enron.com, christopher.eckerberg@enron.com, derek.edmiston@enron.com, ulf.ek@enron.com, andrew.fairley@enron.com, stefan.fastesson@enron.com, andrew.feachem@enron.com, stuart.ffoulkes@enron.com, markus.fiala@enron.com, fredrik.flykt-rosen@enron.com, jean-sebastien.fontaine@enron.com, maria.foster@enron.com, renata.frankova@enron.com, tony.fricker@enron.com, david.furner@enron.com, eric.gadd@enron.com, david.gallagher@enron.com, alejandro.garcia@enron.com, amir.ghodsian@enron.com, grant.gilmour@enron.com, chris.glaas@enron.com, tom.glover@enron.com, jens.gobel@enron.com, joe.gold@enron.com, sally.golden@enron.com, james.gordon@enron.com, nicoletta.gossow@enron.com, samuel.grossman@enron.com, robert.groves@enron.com, thomas.gygax@enron.com, john.haggerty@enron.com, sam.hainsworth@enron.com, christian.hanell@enron.com, carsten.hansen@enron.com, bruce.harris@enron.com, simon.hastings@enron.com, alex.heath@enron.com, kevin.heffron@enron.com, michael.hellermann@enron.com, jurgen.hess@enron.com, peter.heydecker@enron.com, erik.hokmark@enron.com, emily.humphries@enron.com, irma.hunt@enron.com, neil.hussey@enron.com, neil.jackson@enron.com, andy.james@enron.com, marc.janichen@enron.com, thorstein.jenssen@enron.com, mark.jones@enron.com, tim.jones@enron.com, stephen.jones@enron.com, tom.kearney@enron.com, lothar.kierspel@enron.com, kazunori.kozu@enron.com, masao.kuriyama@enron.com, peter.larsen@enron.com, mats.larsson@enron.com, mark.leahy@enron.com, crispin.leick@enron.com, richard.lewis@enron.com, thor.lien@enron.com, frank.lien@enron.com, david.lilley@enron.com, li.lim@enron.com, didier.magne@enron.com, chris.mahoney@enron.com, reuben.maltby@enron.com, adrian.mancebo@enron.com, bradley.marchant@enron.com, patrick.markey@enron.com, tim.marsters@enron.com, steven.mccarthy@enron.com, sonia.mccorquodale@enron.com, martin.mcdermott@enron.com, ross.mcintyre@enron.com, christopher.mckey@enron.com, paul.mead@enron.com, jeremy.meakin@enron.com, benedikt.messner@enron.com, keith.miller@enron.com, scott.moncrieff@enron.com, chris.moore@enron.com, graham.mullin@enron.com, florian.neubauer@enron.com, matthew.nicholas@enron.com, matthew.nimmo@enron.com, seung-taek.oh@enron.com, haakon.olafsson@enron.com, awais.omar@enron.com, maggie.o'meara@enron.com, frank.overli@enron.com, harumi.oyamada@enron.com, harry.papadopoulos@enron.com, tim.pateman@enron.com, stewart.peter@enron.com, jez.peters@enron.com, bo.petersen@enron.com, morten.pettersen@enron.com, jonathan.pietila@enron.com, russell.plackett@enron.com, tony.razzell@enron.com, david.redmond@enron.com, louis.redshaw@enron.com, reza.rezaeian@enron.com, preben.richter@enron.com, riaz.rizvi@enron.com, marcello.romano@enron.com, ross.sankey@enron.com, bjarne.schieldrop@enron.com, peter.schluter@enron.com, espen.seidel@enron.com, bryan.seyfried@enron.com, mark.shaer@enron.com, chris.shapland@enron.com, john.sherriff@enron.com, suryan.simunovic@enron.com, richard.slovenski@enron.com, gordon.smith@enron.com, robert.soeldner@enron.com, kashmir.soor@enron.com, john.spencer@enron.com, stuart.staley@enron.com, david.staveley@enron.com, nicholas.stephan@enron.com, carsten.sterz@enron.com, johan.strom@enron.com, melanie.sutton@enron.com, harry.tefoglou@enron.com, sami.tenngren@enron.com, john.thomas@enron.com, merritt.thomas@enron.com, chris.thrall@enron.com, simon.tibbitts@enron.com, sid.tipples@enron.com, gunter.tuhy@enron.com, adam.turner@enron.com, cecilia.turriago@enron.com, manfred.ungethum@enron.com, steve.upot@enron.com, markus.urban@enron.com, ivan.niekerk@enron.com, steve.vavrik@enron.com, brett.vorley@enron.com, tracy.wallace@enron.com, michael.walter@enron.com, jonathan.whitehead@enron.com, tim.whyte@enron.com, paul.wilkes@enron.com, meindert.witteveen@enron.com, hans.wong@enron.com, cara.young@enron.com, george.zivic@enron.com, vincent.wagner@enron.com Subject: New EnronOnline Functionality Cc: product.houston@enron.com, product.london@enron.com, eol.center@enron.com, paul.goddard@enron.com, bob.shults@enron.com, savita.puthigai@enron.com, andy.zipper@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: product.houston@enron.com, product.london@enron.com, eol.center@enron.com, paul.goddard@enron.com, bob.shults@enron.com, savita.puthigai@enron.com, andy.zipper@enron.com X-From: David Forster X-To: EOL North America Traders, EOL North America Originators, Linda Andersson, Aaron Armstrong, Stephen Asplin, Pierre Aury, Denis Bajolle, Andrew R Baldock, Betsy Bassis, Enrico Bauli, Gregor Baumerich, Rob Bayley, Soenke Becker, Kenza Bennouna, Katrina Bensadon, Stuart Bland, Martin Bloch, Thomas Boettcher, Peter Bradley, Robert Brewis, Simon Brod, Simon Brooks, Raphael Brun, Hazel Chawapiwa, Thomas Cheng, John Chismar, Sharni Clark, Chris Connelly, Peter Crilly, Shane Dallmann, Natasha Danilochkina, Brett Date, Rudy Dautel, ECT, Bucky Dusek, Christopher Eckerberg, Derek Edmiston, Ulf Ek, Andrew Fairley, Stefan Fastesson, Andrew Feachem, Stuart Ffoulkes, Markus Fiala, Fredrik Flykt-Rosen, Jean-Sebastien Fontaine, Maria Foster, Renata Frankova, Tony Fricker, David Furner, Eric Gadd, David Gallagher, Alejandro Garcia, Amir Ghodsian, Grant Gilmour, Chris Glaas, Tom Glover, Jens Gobel, Joe Gold, Sally Golden, James A Gordon, Nicoletta Gossow, Samuel Grossman, Robert Groves, Thomas Gygax, John Haggerty, Sam Hainsworth, Christian Hanell, Carsten Hansen, Bruce Harris, Simon Hastings, Alex Heath, Kevin Heffron, Michael Hellermann, Jurgen Hess, Peter Heydecker, Erik Hokmark, Emily Humphries, Irma Hunt, Neil Hussey, Neil Jackson, Andy James, Marc Janichen, Thorstein Jenssen, Mark Jones, Tim R Jones, Stephen Jones, Tom Kearney, Lothar Kierspel, Kazunori Kozu, Masao Kuriyama, Peter Larsen, Mats Larsson, Mark Leahy, Crispin Leick, Richard Lewis, Thor Lien, Frank Lien, David Lilley, Li Yin Lim, Didier Magne, Chris Mahoney, Reuben Maltby, Adrian Mancebo, Bradley L Marchant, Patrick Markey, Tim Marsters, Steven McCarthy, Sonia McCorquodale, Martin McDermott, Ross McIntyre, Christopher McKey, Paul Mead, Jeremy E Meakin, Benedikt Messner, Keith Miller, Scott Moncrieff, Chris Moore, Graham Mullin, Florian Neubauer, Matthew Nicholas, Matthew Nimmo, Seung-Taek Oh, Haakon Olafsson, Awais Omar, Maggie O'Meara, Frank Overli, Harumi Oyamada, Harry Papadopoulos, Tim J Pateman, Stewart Peter, Jez Peters, Bo Petersen, Morten E Pettersen, Jonathan Pietila, Russell Plackett, Tony Razzell, David Redmond, Louis Redshaw, Reza Rezaeian, Preben Richter, Riaz Rizvi, Marcello Romano, Ross Sankey, Bjarne Schieldrop, Peter Schluter, Espen Seidel, Bryan Seyfried, Mark Shaer, Chris Shapland, John Sherriff, Suryan Wirya Simunovic, Richard Slovenski, Gordon Smith, Robert Soeldner, Kashmir Soor, John Spencer, Stuart Staley, David Staveley, Nicholas J Stephan, Carsten Sterz, Johan Strom, Melanie Sutton, Harry Tefoglou, Sami Tenngren, John Buckner Thomas, Merritt Thomas, Chris Thrall, Simon Tibbitts, Sid Tipples, Gunter Tuhy, Adam Turner, Cecilia Turriago, Manfred Ungethum, Steve Upot, Markus Urban, Ivan Van Niekerk, Steve Vavrik, Brett Vorley, Tracy Wallace, Michael Walter, Jonathan Whitehead, Tim Whyte, Paul A Wilkes, Meindert Witteveen, Hans Wong, Cara Young, George Zivic, Vincent Wagner X-cc: Product Control - Houston, Product Control - London, EOL Call Center, Paul Goddard, Bob Shults, Savita Puthigai, Andy Zipper X-bcc: X-Folder: \Jane_Tholt_Nov2001\Notes Folders\All documents X-Origin: THOLT-J X-FileName: jtholt.nsf We will be releasing new EnronOnline functionality tonight which will be available for use on Monday morning. Two information sessions will be held in Houston to further explain the new functionality. It is very important to attend these sessions to fully understand the new features. For sessions in Calgary or Portland, please contact Savita Puthigai at 713 853 1787. For sessions in London, Oslo, Singapore, Australia or Tokyo, please contact PCG London on +44 20 7783 7783. Date Time Location Tuesday, 27th February 3.30 to 4.00 EB 27C2 Wednesday, 28th February 3.30 to 4.00 EB 27C2 There are two areas of new functionality: Spreads and Stack Manager. Spreads From Monday, Enron traders will be able to define a Spread product on EnronOnline in which the customer can trade on a single spread product and receive a transaction for each leg of the underlying products. For example, a customer could select to buy the April vs May Spread Product. A successful transaction would result in a Sell for the April Product and a Purchase for the May Product. Both of these underlying transactions will show up in the customer's transaction list (the spread itself will not show up - only the two legs). The price for Leg 1 will be equal to the average of the bid and offer, or the bid or offer alone if the averge cannot be computed because either side is missing , for the Leg 1 Product. The price for Leg 2 will be equal to the price for Leg1, plus the spread price. To ensure accuracy and consistency, EnronOnline Product Control will set up these new Products initially. Stack Manager There are a few changes to Stack Manager which may or may not be directly associated with Spreads: New Stack Link Type On the Link Dropdown box on the Product Properties page, there is a new Stack Link Type called "Stack Basis Link". If you select this link, then the price you enter into the stack depth window will be added to the price in the stack depth window from the parent (it will not be added to the calculated price of the parent which appears on the website). For example: Product 1 is a Stand Alone Product, with Bid at $5.00 Product 2 is a Basis Link Child, with Stack Depth Price at $0.25, so the calculated total price which appears on the website is $5.25 Product 3 is a Stack Basis Link, with Stack Depth Price at $0.05, so the calculated total price which appears on the website is $0.30 Autohedge Changes If an Enron trader has an autohedge set up between two products which they are managing under the same book, then the Parent product will respond as though an autohedge transaction has occurred, but no transaction will actually be entered into the system. This is intended to simplify position management where you want the parent price to respond to a transaction on the child, but do not want to manually remove transactions within the same book. Note that autohedge functionality remains the same as it was before this update for autohedge transactions between products which are not in the same book. Trade Linked View You can now view linked transactions together on the transaction display section in the stack manager. To do so, right click in the transaction display section and select linked view. You will see a single transaction with a plus sign for any linked deals (e.g. spreads and autohedged deals). To see the individual transactions that make up the linked transaction click on the plus sign. You can display the linked transactions in a expanded or collapsed view. To do so right click in the transaction display area and select Full Expand or Full Collapse. To return to the default transaction display, right click in the transaction display area and select Transaction view. New EnronOnline Contact As part of a restructuring within EnronOnline, Savita Puthigai will be your primary contact within EnronOnline for Trading and System Design issues. Future emails such as this one will be sent from her address. She can be contacted in Houston on 31787. Dave