Message-ID: <3602442.1075859061207.JavaMail.evans@thyme> Date: Fri, 30 Nov 2001 14:03:10 -0800 (PST) From: andy.zipper@enron.com To: jeff.golden@enron.com Subject: Response to 5 bullet 3 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Zipper, Andy X-To: Golden, Jeff X-cc: X-bcc: X-Folder: \Andrew_Zipper_Jan2002\Zipper, Andy\Sent Items X-Origin: Zipper-A X-FileName: azipper (Non-Privileged).pst Enron does not place NYMEX position limits on its desks instead using overall VAR limits. If a desk is authorized to trade a particular instrument, such as a NYMEX contract or swap, the size of that position is governed by the VAR it generates.