Subject: Schedule E Reconciliation
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked]
Date: Mon, 7 Jan 2002 16:00:04 -0800 (PST)

After talking to Tom I have a new plan of attack for Schedule E's.  He informed me that the top-levels were typically put in at one region level per roll.  I had Zhiyun re-run the killed deals calc (post id 15667).  Everyone should go back into the rolls and put the top-levels into their correct regions also adjusting the Schedule E's.  This is why the differences are so large in certain areas and the only way we can start to pinpoint the problem is to find the problem spots.

I have also identified where the $4.6 MM difference for OPPD arose from.  Deal # 11678.04 has not been transferred into the East Bank book.  In addition, there are no volumes in this deals; however, if you look back to the official 11/30/2001 calc there are volumes for this deal.  It gets more bizarre than that because there were two deals that should have been transferred for OPPD (11678.4, and 564826.1).  Deal 564826.1 was transferred but the valuations are approximately $4MM different.  I have printed detail for deals 11678.4 and 564826.1 (they are in Casey's chair) as of the 11/30/2001 official calc.  I have also printed deal 564826.1 in the 11/30/2001 bankruptcy calc.  I noticed that I cannot see any swap detail reports for the bankruptcy calc.  Please re-calc and generate these reports as they will probably be important as we dig into details.

Other than Andrea who has to perform some IT testing, no one should be working (or playing) on anything other than trying to get these Schedule E's and top-levels figured out.  The task is actually very important as there will be many decisions made off of these numbers.

Thanks,
Stacey