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Summarize the email and create a subject line. | I need to have a CES counterparty set up in global please. Customer Commonwealth Atlantic Limited Partnership (CALP) 12500 Fair Lakes Circle, Suite 200 Fairfax, VA 22033-3804 I don't think CALP has assigned the contract to ENA. I have a copy of the agreement if anyone needs to see it. Thanks | New Counterparty | ces counterparty set up in global | ces counterparty setup needed | need ces counterparty | null |
Summarize the email and create a subject line. | I just added the PSE&G demand charges on Transco to our capacity worksheet. The net impact is $0 because I'm also showing this as a reimbursement. How should we put this in Sitara. I'm showing a transport demand charge on the capacity deal ticket. How do we get the money back from PSE&G? | PSEG capacity | pse&g charges | pse&g charges/reimbursement | sintara and spe&g questions | null |
Summarize the email and create a subject line. | Currently, we are unable to use IT to serve Ogy at Doyle on Transco. I have devised a super scientific method for pricing VNG space for Ogy. Poke all the holes in it you want. Use the following formulas to determine the price to Ogy The higher of St 65 Offer plus $.35 TCO Offer plus $.14 Good Luck | OGY using VNG capacity | additional pricing information | formulas to determine price to ogy at doyle | pricing method | null |
Summarize the email and create a subject line. | Please give Judy Townsend, Scott Goodell, and myself the ability to trade the physical Canadian products. We need to be able to see them on EOL. Thanks | EOL | canadian products on eol | trade the physical canadian products | trading ability request | null |
Summarize the email and create a subject line. | Please send me the Ogy invoice for March. I did such a good job of doing my job that I think everything in the system is ok. By the way - I'm on vacation for a week or so startig Friday. I should have New Power updated by tomorrow. | Ogy | invoice request and status update | need ogy invoice for march (i'm on vacay) | ogy march invoice | null |
Summarize the email and create a subject line. | For tomorrow, I believe I'll work out tomorrow after work and I should still be back at my desk by 6:30 pm. Just in case, my pager number is 877-498-5497. BUDDY!@!! ! | Yo | short hiatus | tomorrow just in case | working out of the office tomorrow | null |
Summarize the email and create a subject line. | Kimat, I added TRCO meter 4091 to deal 30512. Please do whatever crazy things you Economics people do. All you other folks, we will be delivering a total of 3503 for the month of March to this meter. We don't even need to chat with NYPA about this either. | NYPA | added trco meter | changes to 30512 (w/ march numbers) | trco meter added | null |
Summarize the email and create a subject line. | According to my numbers, I show we have taken 67,560 out of storage through today. And we are taking out 12,995 (2599 x 5 days) from the 27th - 31st. Could you double check my numbers please? Thanks | Egan Storage | numbers for storage | numbers out of storage | storage questions | null |
Summarize the email and create a subject line. | We have some volume discrepancies starting on the 23rd. The 3rd column from the right is my calculation of the Overtakes. The second column from the right is your cal of over's and under's. Our storage numbers are close enough for me. | Volume Discrepancies | discrepancies of the volumes starting on the 23. | volume discrepancies | volume discrepancies | null |
Summarize the email and create a subject line. | Call me buddy. Ingrid wants to come over and do a dog and pony show about Transco's new ??system?? I think. AND I suggested she meet with EES and ENA at the same time. I'm thinking around the 1st week in November. What do you think? | TRCO | call me re: scheduling | meeting around first week of november | meeting with ingrid | null |
Summarize the email and create a subject line. | ENA is set up as agent for Sithe Energies, USA, INC on CNG Transmission. I believe either Kate or Robin did a deal with Sithe last October. ENA released capacity to Sithe (only 500 dth per day), and acted as billing and nominating agent on this contract. It was a citygate sale in New York and we wanted to transfer title at the pool. I received a call from Scott Nelson (212-351-0494) with Sithe this morning. He is terminating the agency. | Sithe FYI | agency terminating | ena and sithe issues | updates regarding the sithe deal | null |
Summarize the email and create a subject line. | We bought back some of New Powers first of the month volumes on deal 431846. Please match this deal with 431849. I did this deal on the 5th and its effective the 7th - 31st. | New Power Bookout deal | new powers purchases | new powers volume | the return of the new powers volumes | null |
Summarize the email and create a subject line. | Please take a look at deal 372088. Its a new deal that starts Sep 1st and it was entered in sitara on Aug 21st. I changed the counterparty from CES to New Power. | ODD CES deal | deal 372088 | deal 372088 - please take a look | new deal starting september 1st | null |
Summarize the email and create a subject line. | Whatever happened to the good ol' days! > > > The following is from an actual 1950's Home Economics textbook Intended > for High School girls, teaching them how to prepare for married life. > > > 1. HAVE DINNER READY: Plan ahead, even the night before, to have a > delicious meal - on time. This is a way of letting him know that you > have > been thinking about him, and are concerned about his needs. Most > men are hungry when they come home and the prospects of a good meal are > part of the warm welcome needed. > > > > 2. PREPARE YOURSELF: Take 15 minutes to rest so you will be refreshed > when he arrives. Touch up your make-up, put a ribbon in your hair and be > fresh looking. He has just been with a lot of work-weary people. Be a > little gay and a little more interesting. His boring > day may need a lift. > > > > 3. CLEAR AWAY CLUTTER. Make one last trip through the main part of > the house just before your husband arrives, gathering up schoolbooks, > toys, paper, etc. Then run a dust cloth over the tables. Your husband will > feel he has reached a haven of rest and order, and it will give you a > lift too. > > > > 4. PREPARE THE CHILDREN. Take a few minutes to wash the children's > hands and faces if they are small, comb their hair, and if necessary, > change their clothes. They are little treasures and he would like to see > them playing the part. > > > > 5. MINIMIZE THE NOISE: At the time of his arrival, eliminate all noise > of washer, dryer, or vacuum. Try to encourage the children to be quiet. > Greet him with a warm smile and kiss, letting him know you're glad to see > him. > > > > 6. Some DON'TS: Don't greet him with problems or complaints. Don't > complain if he's late for dinner. Count this as minor compared with what > he might have gone through that day. > > > > 7. MAKE HIM COMFORTABLE. Have him lean back in a comfortable chair or > suggest he lay down in the bedroom. Have a cool or warm drink ready for > him. Arrange his pillow and offer to take off his shoes. Speak in a low, > soft, soothing and pleasant voice. Allow him to relax and unwind. > > > > 8. LISTEN TO HIM: You may have a dozen things to tell him, but the > moment of his arrival is not the time. Let him talk first. > > > > 9. MAKE THE EVENING HIS: Never complain if he does not take you out to > dinner or to other places of entertainment; instead try to understand his > world of strain and pressure and his need to be home and relax. > > > > 10. THE GOAL: try to make your home a place of peace and order where > your husband can relax. > > > > | Words of wisdom | 1950's home economics textbook blurbs | steps for 1950's housewife preparation | the good ol' days | null |
Summarize the email and create a subject line. | Colleen, this is the email response I received. Kim, could you find out from payables if we are making payments to a company called "Capacity Center"? If we are, I would like to know who with Enron is authorizing these payments. Thanks. | Capacity Center.com inquiry | eron payment authorization? | payment query | payment verification | null |
Summarize the email and create a subject line. | We have some small annoying park & loan deals on Iroq for July. The parking deal is 323553 and the loan deal is 323558. When we get cut by an upstream or downstream pipeline, Iroq uses the park & loan contract to balance the supplies and markets. | Iroq Park & Loan | issues with the new deal (heads up) | july deal info | park & loan deals | null |
Summarize the email and create a subject line. | Hey Team. Doug, correct me if I'm wrong, CES no longer has any Equitrans market and we still have the production. For July, take all of this gas into CNG. You will probably need to get the CNG meter set up in Sitara. You should also make sure the interconnect with CGAS is setup. You are all wonderfull people - I will make this free pop Friday (Wooo Hooo). thanks | Equitrans | cng and ces | plan for july | team newsletter & instructions | null |
Summarize the email and create a subject line. | New Virus Taking Offices By Storm This virus warning is genuine. There is a new virus going around, called "work." If you receive any sort of "work" at all, whether via email, Internet or simply handed to you by a colleague...DO NOT OPEN IT. This has been circulating around our building for months and those who have been tempted to open "work" or even look at "work" have found that their social life is deleted and their brain ceases to function properly. If you do encounter "work" via email or are faced with any "work" at all, then to purge the virus, send an email to your boss with the words "I've had enough of your crap... I'm off to the bar." Your brain should automatically forget the "work". If you receive "work" in paper-document form, simply lift the document and drag the "work" to your garbage can. Put on your hat and coat and skip to the nearest bar with two friends and order three bottles of beer (or rum punch). After repeating this action 14 times, you will find that "work" will no longer be of any relevance to you and that "Scooby Doo" was the greatest cartoon ever. | fwd | there is a new virus going around | urgent: new virus | virus warning - "work" | null |
Summarize the email and create a subject line. | I need to talk about how to handle CES storage in Sitara and Unify. The people that need to be their are Jeff, Mark, Victor, and one ot the CGAS schedulers. Please let me know if you can meet tomorrow afternoon around 2:30 pm. Everyone else is more than welcome to attend. Please let me know if you will be attending. I will schedule a conference room after I know who is attending. | CES Storage | attendees for ces storage meeting | meet tomorrow aound 2:30 pm re: ces storage | sintra and unify storage handling meeting | null |
Summarize the email and create a subject line. | I faxed you the PSNC invoices for Jan and Feb. They have a little comment on their that PSNC has not been paid for either month yet. Give me a call once you get these. cg | PSNC Invoices | psnc invoices | psnc invoices for jan and feb | unpaid psnc invoices | null |
Summarize the email and create a subject line. | E-NEWS FROM JEFF BLAYLOCK January 24, 2002 ***Please do not respond to this e-mail unless you have questions or need additional information. If you need to reply, be sure to reply to sender only. *** ELECTRIC OVERSIGHT HEARING SET The Electric Utility Restructuring Legislative Oversight Committee will meet on Tuesday, February 5, 2002, in Capitol Extension E1.036, the Senate Finance Committee hearing room, beginning at 9 a.m. The committee will hear invited testimony related to the progress of the transition to a competitive retail electric market. An agenda will be released as soon as it is available. The oversight committee is comprised of Rep. Wolens and Sen. Fraser, co-chairmen; Representatives Brimer, Counts, Danburg, S. Turner and Senators Bivins, Madla, Nelson, and Whitmire, members. Additional members of the House State Affairs and Senate Business and Commerce committees may be in attendance. ****************** E-News from Jeff Blaylock is provided as a courtesy to keep interested parties informed of House State Affairs Committee activities. It is an informal method of notification and should not be construed as an official announcement from the House of Representatives, the Committee on State Affairs, or its Chairman. Formal announcements made pursuant to House rules can be found on the House Web site, the committee's Web page, on posting boards throughout the Capitol, at the hearing room on the date of the hearing, and at the committee office just before and after a hearing date. You have received this message because you asked to be placed on the E-News from Jeff Blaylock distribution list or your e-mail address was referred by another recipient. If you received this message in error or would like to be removed from the distribution list, please reply to this e-mail. ****************** | E-news for January 24 | e-news from jeff blaylock! | electric oversight hearing | electric oversight hearing set | null |
Summarize the email and create a subject line. | As you are all aware, Enron and UBS have entered into an agreement for the sale of certain assets of the wholesale gas and power trading organization. As part of that agreement, the management of UBS may speak to you over the next several days about an opportunity in that new organization. If so, we encourage you to consider such an offer. However, if you are not employed by UBS, you remain an Enron employee. If you have specific questions regarding your employment arrangements and job responsibilities please contact Anne Labbe in Human Resources at 5-7809, or feel free to contact either Jim Fallon or Dave Delainey directly. | NETCO Employees at Enron | employment opportunities | enron & ubs employment opportunities | ubs new potential opportunity | null |
Summarize the email and create a subject line. | I have completed the average weighted shift factor analysis for the three transfer cases and the basecase. The results are shown on the attached word document. I will be out this entire week due to vacation and surgery. Regards, | CMWG analysis | average weighted shift factor analysis | factor analysis for transfer cases results | shift factor analysis | null |
Summarize the email and create a subject line. | Subject: Access Card Information Dear Colleagues, We know you have many questions about your new benefits plan, payroll issues and other changes that will occur over the next few weeks. Human Resources and Communications are preparing a thorough Q&A, which we will send to you tomorrow and will regularly update as more information is available. Meanwhile, please read the announcement below from Security about how you can obtain a new UBS Warburg access card that will allow you to enter our new office space after Friday. I am confident that you share my enthusiasm about our new opportunity. We look forward to working along side each of you in the coming days. David Oxley Human Resources | Access Card Information | access card | access card information | access card information | null |
Summarize the email and create a subject line. | All, Here are the TX SET Change Control Conference Call Minutes. Please review and inform me if I have not recorded something accurately. The next change control call will be Friday 2/08/02, @ 10:00 a.m. Central Standard time. Dave Odle of ERCOT will be sending the change controls out for the next call. Thanks, | TX SET CCCC Minutes February 1, 2002 | tx set change control conference call minutes | tx set change control conference call minutes | tx set change control conference minutes. | null |
Summarize the email and create a subject line. | The estate has been working with traders in order to validate curves. We are also talking with brokers and reviewing Megawatt Daily archives. Can I get some curve information from the Ercot team? I have three specific dates to verify: 11/30, 12/3 and 12/30. We are validating the marks for the daily, balmo, the prompt month and the cals.on the above mentioned dates. Do you have this information? I have talked to Peggy at APB. She is willing to pass on info on the dailies, but the historical data is something they want us to pay for. I dont really need help with the daily stuff, just the dates listed above. I would appreciate any help that you can give, JForney Enron Estate Boy | Curve Verification - Ercot | help with curve information: 11/30, 12/3 and 12/30. | help with verifying curves | i need curve information from the ercot team | null |
Summarize the email and create a subject line. | Enron employees may find the current circumstances stressful. We want to remind you that Enron's Employee Assistance Program (EAP) is still available and currently offering services to assist you and your family. Group Discussions Beginning this week, Enron's EAP provider, Innovative Resources Group, will be facilitating group discussions for employees who are interested in attending. These sessions are designed to address the challenges employees may be facing and to suggest ways to minimize the impact of stress on employees and their families. These sessions will be held on Wednesday, January 30 and Thursday, January 31 at the following times in EB32C2: 9:00 am -- 10:00 am | Employee Assistance Program - Workshops Scheduled | eap is still available | employee assistance available | enron's employee assistance program | null |
Summarize the email and create a subject line. | The attached deal list are the deals behind those contracts, for those deals that are currently not included in the bankruptcy books. Please note that there are still several deals that I am trying to reconcile back to Sitara numbers. Assuming that I can do so, I will send supplemental information tomorrow afternoon. Please feel free to contact me if you have any additional questions or concerns. Thank you, | Deals to be moved to Bankruptcy Books (From Russell's Exposure Report) | deal list | deal list attached | deal list not included in bankruptcy books | null |
Summarize the email and create a subject line. | Security for Sitara Netco is being set up from scratch. We are trying to do a mass set up to start, later additional access will be granted utilizing eRequest. Can you give me a list of who should have access to the Central Desk, including Risk, Trading and Logistics. Thanks | Sitara Netco Access | access list for sitara netco | new security for sitara netco | security setup - need access list | null |
Summarize the email and create a subject line. | Are there any other files/directories that the estate people in risk will need to use to do their jobs. IT will have to go into each macro and change the database that it is using to the new one they are creating this weekend. I don't know if any of you are still using any exotic spreadsheets other than the transport model. Please let me know if there is anything I'm missing. (curve files) Here are the files that use ERMS that the estate will be using. O:\erms\erms_adm\firmtrad\Benchmark\2002\Jan-02 O:\erms\erms_adm\firmtrad\2002\0102\regions O:\erms\Excel Queries\ (Netco will need a copy of these files moved with them) O:\Transport\Central Transport\2002\Jan02 O:\TDS\TDS Curve\Central O:\TDS\TDS Curve\East O:\TDS\TDS Curve\GD-Central O:\TDS\TDS Curve\Central\NY O:\TDS\TDS Curve\Central\NYMarket O:\TDS\TDS Curve\Central\Southeast O:\TDS\TDS Curve\Central\Texas O:\TDS\TDS Curve\Central\West | estate files | additional files/directories for database creation | files/directories estate people may need | needed files | null |
Summarize the email and create a subject line. | Yesterday, Enron settled a procedural dispute with Dynegy over Northern Natural Gas. Our settlement allows Dynegy to exercise its option to acquire the pipeline, dismisses their Texas lawsuit and extends Enron's right to repurchase until June 30. We reached this settlement as part of our efforts to bring Enron out of bankruptcy. While we would like to keep Northern Natural, we still have some 9,000 miles of safe, profitable interstate pipelines as a base to rebuild our core businesses. The settlement provides the best opportunity to resolve the pipeline issue quickly and pursue our $10 billion damage claim against Dynegy. It also allows us to avoid the very substantial costs and distractions from protracted litigation in state courts. We want to see a positive future for the employees working with Northern Natural Gas. Below is a copy of a message from Stan Horton further explaining this decision to the employees of Enron Transportation Services. Ken Dear ETS Colleague: On Thursday, Enron entered into a settlement over Dynegy's exercise of its option to acquire the Northern Natural Gas pipeline. The settlement allows Dynegy to exercise the option and assume interim control of the pipeline while Enron pursues its damage claim against Dynegy. In this respect, Enron Corp. has carefully weighed the substantial costs and turmoil that litigating this possession issue would create for the company and the employees of Northern Natural Gas. Consequently, Enron Corp. has decided not to contest interim possession and allow the transfer of Northern Natural Gas to Dynegy, while the larger issues affecting its future are resolved. The company has concluded that with this settlement, Enron should be able to resolve the issue more quickly, as well as avoid the legal cost burden and distractions to the business from protracted litigation in state court. For the Northern Natural Gas employees, I believe this decision should allow them to steer clear of the dispute and focus on the day-to-day satisfaction of running a valuable, successful business. Beginning immediately we will be working to achieve a smooth transition and to align the appropriate resources to assure continued safe, reliable and efficient operation of Northern Natural Gas. Over many years we have run high quality, cost conscious and profitable businesses in ETS. Keep up the good work! Stan | Northern Natural Gas | dynegy settlement dispute | elon settlement with dynegy | message from stan horton: dynergy settlement | null |
Summarize the email and create a subject line. | As things begin to calm down somewhat after events of last week, we wanted to update all employees of certain organizational and personnel changes that have occurred recently. Organizational Matters The Creditors' Committee was formed last week by the United States Trustee. This committee is comprised of 15 individuals representing various creditor groups including: banks, bondholders, insurance companies and employees. The Creditors' Committee will be the key point of contact as we reorganize the company and emerge from Chapter 11. Initially, they will send financial advisors to our offices to monitor any asset liquidations as well as review our cash flow projections. Ultimately, they will be responsible for approving our reorganization plan as to which assets or businesses we sell and which ones we retain. From an Enron perspective, the plans for reorganization have already begun. Overhead has been reduced dramatically, certain employee retention programs have been put in place and a wider retention program is currently being developed. We hope to share the wider retention program with you in the very near future. Furthermore, detail cash flow projections are in their final stages of preparation and will be reviewed by senior management this week. This will be the critical first step in formulating our reorganization strategy to emerge from Chapter 11 as a healthy company. By now, you must have heard of "NETCO." This company was formed as a means to maximize the value of Enron's most valuable business, the wholesale energy business. Certain Enron North America employees have been assigned to NETCO to re-build the North American gas and power business under different ownership. We will be filing with the bankruptcy court this week proposed auction procedures to allow bidders to bid for NETCO. It is our expectation that Enron would retain a 49 percent (or perhaps less) non-controlling interest in NETCO. The NETCO employees would become employees of the winning bidder. We anticipate this process to reach closure sometime in January. As for the remaining businesses of Enron, they are all under review as to which ones will be proposed for sale and which ones will be proposed for retention. This review process will take time as it will require approval of the Creditors' Committee. We will update you periodically on our process. Personnel Matters As a result of our current situation, we have made many personnel changes over the past several months to maximize the value of the organization. Office of the Chairman - Enron Corp Jeff McMahon, Executive Vice President and Chief Financial Officer, has been added to the Office of the Chairman of Enron Corp along with Ken Lay and Greg Whalley. Among other things, Jeff has been working on the business plan for reorganization in Chapter 11 and is the primary contact with the newly formed Creditor's Committee. Treasurer - Enron Corp Ray Bowen was elected to Executive Vice President, Finance and Treasurer of Enron Corp recently. In this role, Ray is responsible for all finance activities of Enron Corp. Ray also has the lead role in managing the cash activities of the company on a day to day basis. Corporate Development Mark Muller has been appointed Executive Vice President - Corporate Development. In this role, Mark will work with Enron's various business units on all asset disposals, which will be a key element in Enron's reorganization plan and value preservation. Wholesale Services The Wholesale Services group has been reorganized under the leadership of Jim Fallon. Included in this group are the following businesses, ENA, EBS, EIM and EGM. As part of the Chapter 11 reorganization, efforts in these businesses will be directed at maximizing value for the creditors as well as determining which businesses or assets will be part of Enron's reorganization plan. Management Committee Departures Unfortunately, due to the current financial condition of the company, the following members of the management committee have left the company or will be leaving the company by the end of December: Michael Brown Mark Frevert Steve Kean Mike McConnell Jeff Shankman Additionally, John Lavorato and Louise Kitchen have resigned from the Management Committee to arrange for the joint venture energy activities of NETCO. We know as employees the uncertainty surrounding the future of the company is unsettling. Unfortunately, that aspect will not change in the near term. We ask for everyone's patience and continued support as we move forward through the Chapter 11 process. We are committed to reorganizing into a strong company once again and will need the help of all the employees to achieve that goal. | Organizational Announcement | changes within company | organization & personnel changes | organizational/personnel changes | null |
Summarize the email and create a subject line. | Dawn has given us until noon Wednesday to get them the final list of EOL products and book mappings. I know with the trader changes last Friday these will change again. The traders had a meeting this morning going over their curves, and it sounds like they are moving some curves between regions and might possibly be losing some locations. Since we will be testing everything on Thursday, we need to have our curve files ready to load on Wednesday to give a prior day curve for portcalc. The west traders are looking at theirs now, can you guys check with your traders and see if they need any changes made to the files, and let them change any links? We also need to create a curve file that the traders can get to, but doesn't give them access to any of our other files, so the current location will not be the final. We can create this tomorrow once we have converted over to UBS. Thanks | updates | curve files need to be ready to load on wednesday | curve files preparation | trade files | null |
Summarize the email and create a subject line. | Trade press, recruiting firms and others recently have made numerous calls to Enron employees seeking information about the company, its employees and other matters. In some cases, these callers have used false identities, as in, "I'm from the SEC and I need you to provide me with?" If you receive a call from someone identifying themselves as part of a government organization, please refer the caller to the legal department. Please refer calls from the trade press and other media inquiries to the Public Relations group. And otherwise, please treat Enron information as confidential. Thank you. | Solicitation Calls | confidentiality is key | external information requests | incoming call protocol update | null |
Summarize the email and create a subject line. | Hi Daron, You sure have a big fan in Scott Crowell! I look forward to meeting you and being your "eyes and ears" in the market-place! Some of the positions I'm currently conducting searches for include a Risk Managers (85-100K+B); power-plant accountants (50-60K+B); Gas Schedulers (55-70K. To help me better understand your interests, please take a few minutes to answer the following questions, and/or email me a copy of your resume (which I will help you up-date) so I can match you to opportunities. 1) Key requirements in your next position. 2) Main areas of expertise/ years experience (n/a if resume attached) 3) Current and desired compensation 4) Key reasons you would consider leaving your current employer & your level of urgency in making a move: 5) Companies you want to avoid working for and/or already have your resume: 6) Companies you're interested in: 7) Main achievements in your career (or we can cover this if we meet; our offices are located downtown on 723 Main Street, suite 511 at the corner of Main/Rusk, in the Houston Bar Center Bldg): Please note that our team of 8 recruiters are Big 5 Alumni and CPAs specializing in Accounting (including Tax), Finance and Risk Management. I look forward to working with you in the near future and answering any questions you might have. You may reach me anytime at 713-222-7667, or we could schedule a time to talk in the evening. All our conversations will be completely confidential. Best wishes, | Birgit's Contact Info: 713-222-7667 | position search details | scott crowell resume request | various job positions | null |
Summarize the email and create a subject line. | Please review the home addresss and phone number shown on this eMail. DO NOT RESPOND if the information is correct. However, if incorrect then reply to this eMail with the correct information so you HR records can be updated accordingly. Your home information is important in case the Company needs to forward critical materials to you or contact you regarding important Company information. | Home Contact Information | check your hr information | contact info review | review address and phone number | null |
Summarize the email and create a subject line. | Hope you made it through the layoffs. I still can't believe what Skilling and Fastow did to that company. Can you believe how bad Chris Simms played? Next year the starting job should be open to all comers. Let me know what things are going. Is Kyle still there? GC | Hey | how's it going? | is kyle still there? | the layoffs | null |
Summarize the email and create a subject line. | Hey...have we had any luck locating NDvTEN tickets yet? How about da Bears game? Just curious.....I may have to bum some $ for tickets...At least till turkey day...I should have some extra cash by then. So who are going to be rooting for in the games? I can't decide if I want to pull for the SEC or ND...I can't really root for Tenn. I'll call you tonite to shoot the shit..LAter...Carlos | Trip | ndvten tickets | ndvten tickets etc. | ndvten tickets yet? | null |
Summarize the email and create a subject line. | Laura has called a mandatory off-site meeting for the Central Origination group. Please be prepared to leave the office around 1:30 PM tomorrow, the location will be decided on tomorrow. Thank you, | Mandatory 2PM Meeting for Nov. 16, 2001 | mandatory off-site meeting 1:30 pm tomorrow | mandatory off-site meeting 1:30 tomorrow | meeting tomorrow | null |
Summarize the email and create a subject line. | This is to inform you that on January 25, 2002 the Honorable Arthur Gonzalez, United States Bankruptcy Judge for the Southern District of New York, entered an order as follows: It is hereby Ordered that until further Order of this Court, Enron Corp., its affiliated debtors-in-possession in these jointly administered chapter 11 proceedings (collectively "Enron"), and Enron's employees shall preserve, and refrain from destroying or disposing of, any of Enron's records, either in electronic or paper form. Obviously, any violation of this order will carry serious consequences. We know that we can depend on you to comply with it fully. Thank you. | Notice to Employees of Bankruptcy Court Order | court order re our records | honorable arthur gonzalez order | order by honorable arthur gonzalez | null |
Summarize the email and create a subject line. | How goes it? I wanted to check in with you and make sure we are still on for March. I also need to let you know we will have an extra person besides the four of us. He is the kid of some people who are driving up and is flying with us. I hope this is OK. He can acutally babysit so maybe we can go out one night. Let me know. Also, I just hired a KU kid just out of undergrad school. He's pretty bummed out about Baylor. Talk to you soon. DG | March | check in | checking in | march plans confirmation | null |
Summarize the email and create a subject line. | Jim, I didn't top level that amount tonight. The Central desk has the other side of the transaction and if I backed your portion out, then the loss would be double counted. It will correct itself tomorrow. DG | Dec-26 | accounting discrepancy | the numbers will get fixed tomorrow | transaction details | null |
Summarize the email and create a subject line. | I know this is very late notice, but up until yesterday I didn't think I was going to be free on Saturday. My brother-in-law is hosting a tournament on Saturday at Cypress Lakes, which is just off of Hwy 290 at Cypress Rosehill. In other words, BFE. $70 will get you a round of golf, lunch, and beer. He will have a keg. There will be prizes for the winners. It is a four man best ball scramble. Tee time is early: 7:30am. I sent this to guys I either know play or think play. If you have someone else in mind, feel free to forward the message. I don't have a team at all and wanted to see if anyone was interested. Let me know. DG 3-9573 | Golf Tournament - This Saturday | fun golf tournament | golf tournament on saturday at cypress lakes | invitation to golf tournament | null |
Summarize the email and create a subject line. | Susan, I believe this is all of the Enovate/EMW books that are officialized each night. IM-EMWNSS1-PRC IM-EMWNSS1-BAS IM-EMWNSS1-IDX IM-EMWNSS1-PHY IM-EMWNSS2-PRC IM-EMWNSS2-BAS IM-EMWNSS2-IDX IM-EMWNSS2-PHY FT-IM-ENOV-PRC FT-IM-ENOV-BAS FT-IM-ENOV-IDX FT-IM-ENOV-GDL FT-IM-ENOV-PHY INTRA-ENOV-PRC INTRA-ENOV-BAS INTRA-ENOV-IDX INTRA-ENOV-PHY TP-EMWNSS-PRC TP-EMWNSS-BAS TP-EMWNSS-IDX Call me with any questions. DG 3-9573 | Enovate Books | enovate/emw books | enovate/emw books officialized | officialized books | null |
Summarize the email and create a subject line. | OK, so the classes start this week. The first one will be on what to look for in a P&L and MiniBench to prove reasonableness. Will Kelly and I will present the class. We have a few items we want to go over, but I think the most beneficial part will be individual questions. So bring them if you have them. We are have split the entire Risk team into two groups. Our breakout is as follows: Group1 Group2 Carole Jennifer Jason Anne Chris Group 1 will meet this Wednesday @ 11:30am and Group 2 this Thursday @ 11:30am. We will have Chick-Fil-A for lunch. Thanks. DG | Classes | classes start this week | classes starting this week with p&l and minibench - bring your questions | start of classes & risk team groups | null |
Summarize the email and create a subject line. | The kids and I are arriving at 9:45am on Thursday. Because of work commitments, Kristi is arriving at 12:30pm. The 3 of us will get a rental car and make our way to your place. Are you going to be home then? Then we will go pick up Kristi later. We have no plans at the moment (other than going to the game on Saturday). We are leaving on Sunday at an awful time, though, 6:30am. They didn't give me many options using reward travel. We are all looking forward to the trip. See you on Thursday. DG | Kansas | here's the plan for this weekend <3 | thursday travel plans! | trip scheduling | null |
Summarize the email and create a subject line. | The first email was what I sent to Burton and Susan. This is the confirmation from them that the book was set up. DG 3-9573 | Book Request 593 | booking confirmation | burton and susan confirmation | sue and burton's confirmation | null |
Summarize the email and create a subject line. | We have some new procedures for changing deals that affect other books. Please read and let me know if you have any further questions. You don't need to request minibook access individually. I have, so if needed we can run them on my machine. Thanks. DG 3-9573 | Changing Deals | changing book deals | new procedures | new procedures please read | null |
Summarize the email and create a subject line. | It's no big deal, but I still can't see Kristi's IRA online. I also don't receive statements in the mail for the account. It looks as if the automated transactions worked this month. DG | Roth IRA | ira account information | ira online access issues | kristi's ira online | null |
Summarize the email and create a subject line. | Daniel, Laura Luce would like to send the latest Enovate DPR to the chairman of People's Corp. But the copies we receive have some sort of protection which I'm sure you are aware of. Will you please send her the latest so that she can forward it to this guy? Let me know if that is a problem. Thanks. DG | Enovate DPR | latest enovate dpr | read write protection on enovate dpr | the latest enovate dpr | null |
Summarize the email and create a subject line. | Kevin, I just wanted to mention a few things. I'm sure you are doing them already most of the time, but they really need to be done on each and every deal. Link all physical Tagg deals by putting the Sitara number in the LINK field Put the Tagg number in the comments section of any Sitara deal also booked in Tagg Put the Tagg number in SCI for any Sitara deal also booked in Tagg Put the EOL number in Sitara and/or Tagg for every EOL deal Also, in Tagg there is a System of Origin field - Select Enron on Line for every EOL deal Manually rebook every EOL deal that fails - If you have trouble doing this, just let me know and I'll follow up. Thanks. | Procedures | instructions for each deal | a few reminders for every deal | things needing to be done on each deal | null |
Summarize the email and create a subject line. | Sean, How's CO? I hope you are doing well. I know I have asked you before, but I seem to have accidentally deleted your dad and sister's email addresses. I want to ask you dad if he will be in town when KU plays Texas later in November. I want to bring the whole family. If you get a chance, shoot me a message with his info. My mom is vacationing in NY so I can't ask her. Thanks. | November | need your dad and sister's email addresses please | i need your dad and sister's email address | need your father's email. | null |
Summarize the email and create a subject line. | hello in the last week we recived some mail with the virus attached. the virus is strange because one window was opening automaticaly when we opened the connection. probably some mail leaved from our pc with the virus attached (the virus is autoreply) but nothing appear in our exit-mail list in this days we recived other mails with the some problem. in this days we are checking better our pc with one antivirus and for one week we don't reply at any mail probably the name of the virus is: Virus W32/Badtrans.B so,please,pay attention and sorry for this disadvantage best regardswww.zebramodernariato.com | virus | please pay attention! virus! | mail with virus attached | possible virus attachment in sent email | null |
Summarize the email and create a subject line. | Would it be okay if we went ahead and rolled the socal and baja transport in sitara? I would like to input the Socal transport through October 2001, San Juan to PG&E Topock and Mojave Topock (ask Janie for the allocation in April). The Baja transport is through March 2002. 80000/d to Citygate and 20,000 to KRS off-system. This will really help me monitor my physical index exposure on the curve. Let's get together and discuss tomorrow. Thanks, | Socal transport and Baja transport | question on socal & baja transport - lets discuss | roll the socal and baja transport in sitara? | socal and baja transport in sitara | null |
Summarize the email and create a subject line. | Please review the transport for next month and make certain that it is set up correctly for market prices. Perm to Socal based on current spreads, SJ to Waha on EPNG, SJ to Waha on TW, etc. The SJ to Waha spread is .20 for next month, does the transport work at these spreads? Please make the changes before prebid. Also, please put in a good burn estimate for Citizens next month. Please prepare to supply our socal pool with non-topock gas 100% next month. Thanks, | prompt transport | things to do this week | need review of contract and imput for future contract | please review the transport for next month | null |
Summarize the email and create a subject line. | Please activate all draft products in finswaps, and nontx phys and phys index (all terms) including restricted SJ. Thank you very much. Please call me when they are activated. Mike Grigsby x37031 | Activate products | activate draft products - call when finished | activate all draft products | activate draft products | null |
Summarize the email and create a subject line. | I have been thinking about the cash book idea for group and I think we need to discuss this in more detail. I would like to continue to use the physical for large prompt positions going forward. I am afraid that the baseload volumes may not continue on their current trend if we break out the books. We need to discuss how the cash books would lay off risk. i.e. Intra regional spreads with GD swap legs or spreads with other cash points and then booking out at gd mid to the internal counterparty. Janie managing SJ and laying off risk on Steve's Opal. I know that the cash books would be a good idea for dailies , but I am not sure how to do this without giving up the cash risk for baseload as well. What are your thoughts? I would also like to discuss the staffing issues. Matt Smith and Susan Scott to analyst, Jay to the ROX, etc. It seems like Ken S. has shown more interest in the west fundies lately. Should we keep his services? The basis products need another book. Who can we add to the mix? I think that we should look into having Frank focus on prompt month only. He has a great interest in cash and fundies and this should serve him well in managing tight two ways for all products on the prompt. Keith can do term with another book. Monique is going to take over the gd swaps for Kern, SJ, and Perm. I will continue to manage the CA products. This should allow us to provide tighter two ways across the west. I will continue to manage all index products and prompt month phys fixed price. Operations needs more labor as well as an analyst or two to monitor flows. The analysts will monitor flows by price and hopefully find creative ways to nom the market. EOL. Keith has a great idea of opening up all products to the desk so that you may insert a bid or an offer inside of the manager's markets. We should propose this to EOL. This would allow for tighter markets on all products and prevent the desk from working markets through the brokers. Ca cash products. Let's call a meeting about how to offer more Socal physical products. I would like to have PG&E topock and Socal Ehrenberg before the summer. Mike | Cash books, etc. | cash book idea | cash book ideas - please review | need more details for the cash book idea for group | null |
Summarize the email and create a subject line. | What do you thnk about amazon gift certificates of $30.00 to the group? Let's put the "Tick" on selling mojave index for feb-oct 2001. heavy orig if he can find a nice market. Let's put Ina on the west desk trip for Feb. We should book it now to send a nice message to the group after our last cancellation. Grigsby | issues | $30 amazon gift certificates | group incentives | amazon gift cards for the group | null |
Summarize the email and create a subject line. | Ina, Will you please add the following fax number to the fax memory button that Pete Keavey uses to submit daily prices. The NGW fax number is 202-347-8089. Anne, Starting tonight, will you add NGW to the monthly bidweek email and index postings. Send the documents to SSpeaker@energyintel.com Thanks, | NGW publication | fax number | new ngq fax number | add ngw to fax memory | null |
Summarize the email and create a subject line. | Hello. The west gas desk would like to send a mailout to our EOL customers regarding the new opportunity to trade "odd lots" on every physical product. EOL has been instrumental in providing liquidity to previously illiquid physical delivery points in the west for standard volumes of 5000 mmbtu/d and greater, but we would like to notify our customers that EOL will now accommodate odd size lots, in 1 mmbtu increments. This will allow us to trade the "non-standard" volumes with all of the market. Do we have a creative team that might be able to assist us in our efforts? We were thinking about a one page mailout with a clear message. We would like it to be very upbeat and funny. Thank you for your assistance. I can be reached at x37031. Sincerely, | customer mailout | looking for creative team for eol mailout | help with eol mail | mailout to our eol customers regarding new opportunity to trade "odd lots" | null |
Summarize the email and create a subject line. | Let's continue to go long sep swing on Socal. I am willing to as long as we can each day. The plan of getting short for OCT bidweek no longer applies because of reduced basis risk in OCT basis. Thanks, | Socal in SEP | socal update | important update on oct bidweek | socal continuation | null |
Summarize the email and create a subject line. | I told you Friday that I would make 2.5 million. The actuals came in right around 1 million due to a correction to the Sumas GD curves and an overestimate of $450,000. Sorry about the mistake. Grigsby | P&L correction | mistake about friday projection | correction: i made 1 million | sumas gd curves | null |
Summarize the email and create a subject line. | Anne, it looks like the socal position for socal is incorrect. The position looks much smaller than it did today. Please check to see if Patti made changes to deals in sitara. Gracias, Mike Grigsby | NCD socal april | social position incorrect | socal position is incorrect | socal is incorrect | null |
Summarize the email and create a subject line. | We now have a PG&E topock basis product on EOL. The curve is currenlty mapped to Socal with the differential to Socal being calculated in the physical index curve. Let's work on setting up this curve on Tuesday so that it shows the accurate value for fin deals. We can have the curve calc off of a discount to citygate in Keith's spreadsheet. Mike | PG&E topock fin curve | eol curve calc | setting up a curve | need work on tues for phyisical index curve | null |
Summarize the email and create a subject line. | I made some big changes to the index curves tonight. Please run a new P&L early in the morning in order to estimate what the changes in book value will be. I will need to let John Lavorado know about the changes to the curves before we decide to book these tomorrow. Please run a report from the transport model so that I may see the changes to the delivery points. Thanks, | PHYS index cuves changes | index curve changes | changes to the index curves | index curve changes | null |
Summarize the email and create a subject line. | Melba, Please set up the Souther border, PG&E and Southern Border, Socal inices in the database. We have new risk coming in April that needs to find a market soon on EOL. We can have NGI send you the new index posting if you need it. Also, please acitvate long term index products of one year. There is also a PG&E topock phys product in the one month category for april that needs to be activated. I look forward to hearing from you Monday morning. Sincerely, | Activate products | indices to setup in the database | instructions for southern border & other tasks | i need you to put this on your docket | null |
Summarize the email and create a subject line. | Let's set up the new indices on Tues. PG&E topock and Socal border. Matt and Frank will set up new products for gd swaps and basis. I am working on the phys index. Keith will change the socal index from Southern CA border average to Southern border, Socal. This new index excludes KRS. Grigs | New CA indices | setting up new indices | set up the new indices | new indices on tues | null |
Summarize the email and create a subject line. | Will you please set up two new indices in the database. The first one will be NGI Southern Border, Socal. This is different for the current NGI Socal border index in the system. Also, please set up NGI Southern Border, PG&E. Let me know when they have been added. These indices will begin posting in NGI for April, 2001. Thank you, | New index in EOL | new indices | database index request | needed: two new indices in the database | null |
Summarize the email and create a subject line. | ISDA PRESS REPORT - OCTOBER 29, 2001 CREDIT DERIVATIVES * Pricing Synthetic CDO's - Derivatives Week REGULATORY * CFTC makes amendments to CFMA 2000 - Risk News TRADING PRACTICE * Banks tout economic derivatives - IFR Pricing Synthetic CDO's Derivatives Week - October 29, 2001 Traditionally collateralized debt obligations (CDOs) involve a transfer of collateral assets. The CDO liabilities then reference the cash flows (principal and interest) of the collateral assets. But CDOs are increasingly issued in synthetic form, where there is no physical transfer of collateral. In these structures the CDO references default losses, rather than the cash flows of the referenced collateral. Credit Default Swaps In their simplest form synthetic CDOs are akin to single name credit default swaps. A credit default swap is a contract where one party ,the protection buyer, makes periodic payments in exchange for payments contingent on a credit event. In a single name credit default swap, the credit event is the default of a single issuer. Thus, the price of the credit default swaps reflects the market's view of the default likelihood of the reference name. In unfunded form a synthetic CDO is essentially a basket default swap. In this case, in return for a premium, the protection seller makes contingent payments based on the default losses incurred by a portfolio or basket of assets. The protection may be for first loss or equity, in which case the seller pays for the initial default losses, up to some threshold; second loss or mezzanine, where the seller pays losses beyond the first loss threshold up to some higher limit; or senior, where the seller pays all losses beyond a threshold. Synthetic CDOs may also be structured in funded form. The simplest form of this structure is a combination of a risk free bond and a basket default swap. The initial investment is used to purchase the risk free bond and at the outset the investor receives the risk free rate of interest from the bond as well as premium payments from the basket default swap. As losses occur on the reference portfolio the principal of the bond is reduced to pay the required contingent payments. At the maturity of the structure the investor receives the remaining principal of the risk free position. In both funded and unfunded forms the pricing of synthetic CDOs is primarily a matter of pricing the basket default swaps themselves. Correlation Products It is often said that synthetic CDOs are correlation products because their value depends not only on the probability of default for each individual name in the reference portfolio, but also on the correlation between those names. Consider a simple case where the reference portfolio consists of two names, each with a 5% probability of default. Assume two levels of protection, one paying on the first default, and one paying on the second. If the names are independent, then the probability that the first loss protection is triggered is 1 - (0.95)2 = 9.75%, that is, 100% less the chance that there are zero defaults. The probability that the second loss protection is triggered is (0.05)2 = 0.25%, that is, only if there are two defaults. On the other hand, if the defaults are perfectly correlated, then there are only two possibilities: either both or neither of the names default. Thus, the probability that either protection is triggered is the probability that both names default, or 5%. Note that for the first loss protection the increased correlation has reduced the likelihood that the protection is invoked, and therefore reduced the fair price of this protection. For the second loss piece, the increased correlation has increased the trigger likelihood and fair price. The relationship between correlation and pricing holds generally for the first loss and most senior levels of protection in basket default swaps. For the first loss piece, since losses are capped, the pricing is driven primarily by the likelihood that no losses occur, which increases with correlation. For the senior piece, the pricing is driven by the likelihood that an extreme loss occurs, which is greater in cases of higher correlation. Pricing Based on the discussion above most pricing models require individual default probabilities and a correlation across the names in the pool. Since individual default probabilities can often be obtained from single name credit-default swaps correlation is the main pricing parameter for synthetic CDOs. Consider an example structure with USD36 million of collateral, where first loss protects against the first USD5 million of losses, second loss protects against the next USD10 million of losses, and the remaining losses are protected by the senior tranche. We can model spreads on each of these tranches at different correlation levels. For example, using a correlation of 45%, we obtain model spreads of two basis points, 250bps and 1,642bps for the senior, second loss, and first loss protection respectively. We can repeat this exercise at different correlation levels to obtain the sensitivity of spreads to changes in correlation. Figure 1 shows the normalized cost of protection for each tranche at different correlation levels. We can see that the cost of protection for the senior tranche increases with increasing correlation, that is the cost increases as senior debt gets riskier, while the first loss protection cost decreases with increasing correlation, that is the cost decreases as equity gets less risky. Note that, in this particular example the cost of second loss protection behaves like senior as an increasing function of correlation. Implied Correlation We can back out an implied correlation for each tranche from CDO prices in the same way we would obtain implied volatility from option prices and the Black-Scholes pricing model. An implied correlation extracted in this fashion depends on the specific CDO pricing model, but the observations above hold generally. Suppose the market spreads for our example structure are 2bps, 150bps and 2,000bps for the senior, second loss, and first loss protection respectively. We can compare these observed spreads with our model spreads to calibrate a correlation parameter for each tranche. For example the model spread is equal to the observed spread for the senior tranche, 2bps, when we price it using a 45% correlation. In other words, the implied correlation for the senior tranche is 45%. The implied correlation for each tranche can be inferred from Figure 1 as the correlation level with which our pricing model recovers the observed market spread. We can see that for the first and second loss tranches, the implied correlation is roughly 20%, while for the senior tranche the implied correlation is 45%. A first application of the implied correlation is to mark to market a synthetic tranche on an ongoing basis. As we observe changes in the spreads for the individual names in the pool, we can reprice the tranches above by assuming the correlation level is constant, but updating the spreads. Additionally, implied correlations can be used for relative value analysis. For example, senior and second loss tranche protection increase in value as correlation increases. Since both tranches depend on the same basket of names, we would expect them to have a similar implied correlation. As mentioned above, the implied correlation of the senior tranche (45%) is significantly higher than that of the second loss tranche (20%). This means that senior protection is expensive relative to second loss protection. We can also perform relative value analysis across deals if we believe that the pools in two different CDOs have similar characteristics, in terms of credit quality, industry, and geographical distribution. For example, if two CDOs have similar pools and structure we would expect to observe comparable implied correlations for their senior tranches. All else being equal, a discrepancy in implied correlation can serve as an indicator of a discrepancy in price between the two structures. CFTC makes amendments to CFMA 2000 Risk News - October 29, 2001 By Naomi Humphries The Commodity Futures Trading Commission (CFTC) has released the final rules relating to the trading of equity futures products in the United States. These rules implement provisions of the Commodity Futures Modernisation Act of 2000 (CFMA) that lift the 19-year ban on the trading of single-stock and narrow-based stock index futures in the US. The final rules are in line with the new CFMA statutory provisions regarding the specification of listing standards and conditions for trading security futures products. The rules also establish requirements related to the self-certification of rules and rule amendments, reporting of data, speculative position limits, and special provisions regarding the contract design for the cash settlement and physical delivery of security futures products. The CFTC received comment from the Chicago Mercantile Exchange (CME), the Chicago Board Options Exchange (CBOE), the American Stock Exchange (Amex) and the Intermarket Surveillance Group (ISG). The CFTC adopted several revisions consistent with comments, but stated: "Generally, the commentators supported the proposed rules." The CFTC also streamlined the trading process in its revisions of rules governing commodity futures and options intermediaries on October 19, following the enactment of the CFMA and the resulting revisions to the Commodity Exchange Act (CEA). Key rules governing intermediaries, including futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisers, have been revised to provide greater flexibility consistent with the mandate of the CFMA to streamline and eliminate unnecessary regulation for entities registered under the act. They include a provision for retail customers to have broad access to registered derivatives transaction execution facilities, by permitting them to trade through a commodity trading adviser with $25 million or more in assets under management, and a proposal to replace the current prescriptive rule over ethics with a statement of acceptable practices. The CFTC claimed that comments from Fimat, a registered futures commission merchant, and securities broker-dealer, Exchange Analytics, an ethics training provider, the CBOT, the National Futures Association and the Managed Funds Association, all generally supported the adoption of the proposed amendments for commodity futures and options intermediaries. It added that the issue that generated the most discussion was ethics training. Acting chairman at the CFTC, James Newsome, said: "These rules are just the first step in the Commission's review of appropriate regulatory relief for intermediaries. We have begun the intermediary study that Congress directed us to perform, and we may well be implementing additional regulatory reforms prior to the study's conclusion." Banks tout economic derivatives IFR - October 29, 2001 Deutsche Bank and JP Morgan will be using an auction mechanism to deliver the new derivatives products, which they say will be self-clearing and self-hedging. The solution licensed to the two banks to create derivatives on economic statistics will also be applicable to corporate earnings and revenues, mortgage prepayments, equity prices, central bank target rates, index-related products, electric power, weather degree days, credit or any event-driven market where the development of risk management tools has been constrained by illiquidity, according to the developer of the solution, New York-based Longitude. "Once the mechanisms are up and running and validated, we could envision structured notes on swaps linked to the auction process itself," said JP Morgan Chase's Chris Harvey, managing director of foreign exchange and interest rate derivatives sales for the Americas. Deutsche Bank has picked Germany's lfo and Japan's Tankan as the debut products for its economic derivatives franchises in Europe and Japan. JP Morgan Chase is still in the process of selecting its inaugural US economic statistics product. JP Morgan and Deutsche Bank declined to disclose the cost of their franchise on the economic derivatives. To retain their exclusive agreements with Longitude for the Parimutuel Digital Call Auction (PDCA)-enabled derivatives, the banks must meet performance benchmarks. Longitude charges a fee based on the notional volume cleared through its system. Using Longitude's PDCA bookrunner product, Deutsche Bank, for example, would engage in pre-marketing or preselling activity that is similar to that in a bond or equity syndicate offering, followed by a short auction period. During the auction period, the bank would submit orders to buy or sell digital options on the economic data covered to Longitude's web-based system. Upon receipt of the orders, Longitude's system produces bid/offer prices for the derivatives being offered, and other relevant market equilibrium statistics, such as limit order books. Longitude routes this information back to the bank, which publishes the statistics for its customers. In this example, Deutsche Bank would be counterparty to transactions that are filled. An order that is filled would result in an International Swaps and Derivatives Association-documented transaction. The filled orders should hedge themselves because in a pari-mutuel system all claims that end in-the-money are funded by those out-of-the-money. "Longitude's clients can offer derivatives without assuming additional risks on their own balance sheets," said Andrew Lawrence, chief executive of Longitude. As the systern accepts orders with limit prices, capital markets participants can have a high level of price certainty. In a pari-mutuel system, prices are market-driven and determined by customer participation, rather than a model or subjective assessment of the price of risk. Doubfers "A pari-mutuel model is a demand and supply based market, so the question becomes: Will there be enough participants?" said Richard Sandor, chief executive of Environmental Financial Products and one of the architects of the interest rate futures markets. "Is it view taking or [traditional] hedging? I'm not sure," said one bulge bracket firm's head of market risk management. Numbers of participants are difficult to predict because they will depend upon the design of the specific auction, said Longitude's Lawrence. "Perhaps as few as 10-15 total orders can form a very rich auction equilibrium," he said. The cost of operating the call auction is another consideration. A high transaction charge will mean less money for the winners. "It varies from market to market. But because banks are not taking market risk, the price for the service will be modest," said Lawrence. "In general, it has always been considered extremely desirable to disaggregate risk factors to the fullest extent possible because they can always be easily recombined." "Let's assume a health maintenance organisation (HMO) wishes to hedge out its exposure to annual medical cost inflation in the US, and that the health industry accounts for slightly less than 20% of US gross domestic product. What can this HMO do now in the traditional markets to mitigate this risk? Not much. But JP Morgan could offer derivatives based directly upon this very important measure in order to offer a risk management product for this HMO," he said. Both JP Morgan and Deutsche Bank are expecting early interest from financial institutions, and fixed-income participants in particular, because no mechanism for isolating and hedging or speculating on the growth rate of a country's economy currently exists. Deutsche Bank's strategy for introducing the new products will initially hinge on drumming up internal interest, said Kevin Rodgers, global head of currency options at Deutsche Bank in London. In January, the bank's trading desks will start using it internally to hedge their own positions. This activity will be useful in providing the bank with probability distributions, he added. Deutsche Bank will then try to get other banks' proprietary and swap desks to use the system. The new products will probably be available for use by hedge funds, commodity trading advisers and fund managers by the third quarter of next year. JP Morgan Chase expects to start its franchise market on US economic statistic derivatives next month. **End of ISDA Press Report for October 29, 2001** THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA ONLY. THIS PRESS REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT. | ISDA PRESS REPORT - OCTOBER 29, 2001 | isda press report | isda press report | isda press report for oct 29, 2001 | null |
Summarize the email and create a subject line. | Hello Everyone, A few events will be happening next week and I wanted to remind everyone about them. On Tuesday December 4, The BEAR Guild will be having an Open House coffee in the Glass Room from 9-11. It is an opportunity for people to come and see BEAR Necessities and learn more about our program. On Tuesday December 4, Bank One is having a Media Day for their Spirit of Christmas Program. It is in the Bank One Lobby from 11:00 - 1:00 at 910 Travis. It would be wonderful if some of the Board Members could attend. Hopefully, you all received your BEAR newsletter. If you should have any questions, please call me at 713-940-3087. Lori | BEAR Guild Coffee and Media Day | next week events reminders to add to your calender | bear events next week | event reminders for next week | null |
Summarize the email and create a subject line. | Calling all Board Members! It's that time of year again ... warehouse volun= teer time! I am so looking forward to meeting all of you at the warehouse t= his year. Won't you please let me know when you'd like to come and how many= friends you'll be bringing? The best days are getting filled quickly so do= n't hesitate, hit reply, and let me know which days I can ink you in on the= schedule. I have a few openings for the 8th, to help setup and label table= s. Friday the 14th is wide open. Sunday the 16th could use a few hands, in = the afternoon. Monday the 17th and Tuesday the 18th, morning or afternoon, = need some rounding out! Wednesday the 19th is shopping day, now who can res= ist an offer like shopping in a situation where you don't need to bring you= r wallet! Ladies, Wednesday might be a date to keep in mind! And Gentlemen,= on Thursday the 20th, I need some fellas to help load truc! ks. This is th= e day to bring along those "home-from-college" kids, too! I look forward to= hearing from each and every one of you. By the way, we will not be at the = Canino Road warehouse this year. Eagle has graciously loaned us the use of = space at their Vickery location. It's big and bright and clean and new, and= won't be full 'til we see you! I'll send you maps as soon as I hear from y= ou. Thank you all -- Heidi | BEARing GIfts | calling all board members! | warehouse volunteer time! | warehouse volunteer time! | null |
Summarize the email and create a subject line. | EMERY FINANCIAL GROUP Of First Union Securities Emery Financial Group Conference Call With First Union Securities Chief Equity Strategist Doug Sandler. On Friday, December 7 at 10:00am CST, the Emery Financial Group would like to invite you to join us on a conference call with First Union Securities Chief Equity Strategist Doug Sandler. In 1995, Doug Sandler joined the portfolio strategy department and worked with the firm's former strategist, Don Hays, as a buy-side analyst, portfolio manager, and marketer. In mid-2001, Doug was named the firm's Chief Equity Strategist and is responsible for stock selection and development of equity themes. Doug completed the CFA designation in 1997. He has a BS in accounting and an MBA from the University of Richmond. We have scheduled a 30 minute call with Mr. Sandler in which he will share his thoughts on the overall markets and answer a few questions. | Conference Call With First Union Securities Chief EquityStrategist, Doug Sandler | conference call with doug sandler | emery financial group conference call | conference call with first union securities chief equity strategist doug sandler - dec 7 | null |
Summarize the email and create a subject line. | Wade here are the wiring instructions for two payments, one to the CAISO and one to Calpine: CAISO: $206,000 This amount represents two days' A/S and GMC charges, plus enough money to bring replenish the "3-day buffer." Calpine: $1,980,800 This represents two days' worth of energy to serve our California load. Our price was $40/MWh. By purchasing this energy from Calpine instead of the CAISO, we saved $120/MWh ($60/MWh + $100/MWh underscheduling penalty). This is a savings of approximately $6 million over the next two days. | CAISO/Calpine | wiring instructions | wiring instructions for two payments | wiring instructions for caiso and calpine payments | null |
Summarize the email and create a subject line. | We have postponed issuing the DPR until the terminations that have already been entered into are appropriately reflected in the risk books. My aim is to produce a full preliminary DPR next Monday for this Friday's trading activity. Please call me if you have any questions or comments. Shona Wilson Director, Global Risk Operations X39123 | status update on the DPR | dpr issuance postponed | issuing the dpr postponed | postponed issuing dpr | null |
Summarize the email and create a subject line. | Enron employees not participating in contract parking are eligible to receive Metro Bus Passes or Woodlands Express Passes. You may pick up a bus pass from the Parking & Transportation Desk, on Level 3 of the Enron Building, from 8:30 AM to 4:30 PM. All Metro passes offered through the Enron Parking & Transportation desk will be the Metro 30 Day Zone Pass. When you use a 30-day zone pass, bus service is divided into four zones w/ unlimited rides. The zone pass is time activated, which means that it will not become active until the first time it is used and will not expire until 30 days after it was used for the first time. New passes will be available to Enron employees upon expiration of the 30 day time period. Each zone does have a different fare values based on the distance the bus travels. This is important to any buser who wants to transfer to or travel in a higher-cost zone than the zone pass they have, in this case the difference must be paid in cash. If they are traveling in a lower cost zone, then there is no extra cost. Parking & Transportation Desk 3-7060 | Metro Bus Passes and Woodlands Express Passes Available Effective Friday, December 28, 2001 | metro bus/woodlands express passes info | metro passes for employees | employee bus passes | null |
Summarize the email and create a subject line. | Dear Board of Directors: This is just a reminder of the upcoming ISDA Board Meeting information hosted by Mr. George James, Morgan Stanley. Could you please reconfirm your attendance. Thank you. Board of Directors Meeting Tuesday, November 13, 2001 12:00 - 5:00 p.m. Morgan Stanley 1585 Broadway - 40th Floor Board Room | Board of Directors Meeting | upcoming isda board meetin | reminder of idsa board meeting - please respond | isda board meeting reminder | null |
Summarize the email and create a subject line. | Does anyone know the following applications for Subscriber membership? I would like to submit their applications for the Tuesday, Nov. 13 Board meeting. Thanks Mary | Applications | question of applications for subscriber membership | applications for subscriber membership | applications for the subscriber membership? | null |
Summarize the email and create a subject line. | The following staff meetings have been scheduled on Friday re: passage of the netting provisions: 1. Senate Banking Committee - Friday, November 16 - 1:30 p.m. 2. Speaker Hastert - Friday, November 16 - 2:30 p.m. Please let me know if you are able to attend. Many thanks! -- Stacy | Meetings on Netting Provisions | staff meetings reschedule | staff meetings on friday @ 1:30 and 2:30 | staff meetings schedule | null |
Summarize the email and create a subject line. | The lawsuit was filed at 11:06 a.m. The next thing to do is to get MSN formally served. To do that, we have to get citation issued (we are working with the court personnel to expedite this process) and serve the papers on MSN's registered agent in Austin. We are trying to do that as quickly as possible -- hopefully, by the end of the day. Please do not mention the lawsuit to MSN until I notify you that formal service has been accomplished. | MSN | lawsuit filed - steps to take | update on lawsuit | update on msn lawsuit | null |
Summarize the email and create a subject line. | Billy Lemmons & I met on Friday regarding the Analyst and Associate program. We would like to implement the following action items as it relates to the program. Let me know if you have any concerns or questions with the items below: Action Plan Halt all recruiting efforts Rescind offers with start dates thru end of February 2002 No change (as of now) with offers starting Summer 2002 Complete several internal transfers into program - stop all future internal transfers into program Immediately cut 4 and 5 rated Associates and Analysts Reduce remainder of group consistent with commercial organizations Roll A/A program into HR reporting to David Oxley Reduce administrative staff significantly Current Program Approximately 520 A/A in Western Hemisphere, with 35 staff Approximately 225 A/A in Eastern Hemisphere, with 9 staff | Analyst & Associates | new action for program - halting recruiting etc. | analyst and associate program actions | analyst and associate program | null |
Summarize the email and create a subject line. | Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks. Occupancy Guidebook To Enron Center South You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures. NEC Monitors The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover. Additionally, an integrated speaker has been installed on one monitor for each desk. Turret Users An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication". Increased Information Access There are many NEC 50" Plasma screens installed on the 5th and 6th floors. While many of these will be displaying information designed for the specific unit, others will be displaying various television channels. The audio to these television channels can be accessed via any of your telephony equipment. Here's how: Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret. The channels have been defined on Page 15 of your Turret. To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below: Channel Avaya Stentophon Weather Channel 12401 801 CNN Headlines News 12402 802 CNN Financial News 12403 803 CNBC 12404 804 MSNBC 12405 805 Bloomberg 12406 806 Financial News Network 12407 807 CNN 12408 808 Fox Sports 12409 809 ESPN1 12410 810 Wireless Telephony You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all. We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move. Wireless LAN The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers. Amtel Replacement As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing. Updates will be provided as they become available. Keeping an Open forum We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to mailto:Enron.Center.South.Technology@enron.com | Enron Center South Technology Watch | welcome to enron center south! | your new environment orientation | welcome to enron center south. | null |
Summarize the email and create a subject line. | The Annual Compliance Meeting has been rescheduled for November 8, 2001 from 8:30 to 10:00 at the Doubletree Hotel, LaSalle Room B. I apologize for any inconvenience this has caused you. Please change your calendars and we will see you on November 8th. Thank you and if you have any questions, please call me at ext. 31939. | RESCHEDULED ANNUAL COMPLIANCE MEETING | annual compliance meeting | compliance meeting rescheduled for nov. 8 @ 8:30 | annual compliance meeting rescheduled | null |
Summarize the email and create a subject line. | ISDA PRESS REPORT - OCTOBER 19, 2001 CREDIT DERIVATIVES * Regulators Seek More Data About Credit Derivatives - Wall Street Journal LATIN AMERICA * WORLD NEWS: Brazil's weakness set 'for some time' - Financial Times OPERATIONS * Bank of New York demands back-up links from customers - Financial Times RISK MANAGEMENT * DTCC seeks to address post Sept 11op-risk concerns - Risk News Regulators Seek More Data About Credit Derivatives Dow Jones Newswire WASHINGTON-U.S. bank regulators, saying the notional amount of credit derivatives at banks has increased more than sixfold since 1997, from $55 billion to $352 billion, are proposing new reporting requirements on credit derivatives. The requirements focus on what are known as bank call reports, which banks file with the federal bank regulatory agencies each quarter; these are used to monitor the condition and risk profile of reporting banks and the industry as a whole. In a joint notice, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. said tile new Items proposed to be added to call reports should result in a "minimal additional reporting burden" for affected banks. WORLD NEWS: Brazil's weakness set 'for some time' Financial Times; Oct 19, 2001 By Raymond Colitt in Sao Paulo Brazil's financial markets have recovered this week, halting at least temporarily the downward spiral of the Real. But few analysts support the government's hopes of asustained currency recovery that would allow interest rates to come down and economic growth to resume. With a tighter monetary policy and somewhat brighter short-term prospects after elections in neighbouring Argentina, the Brazilian portion of the JP Morgan's EMBI+, emerging markets bond index, has narrowed by 133 basis points since October 8. By mid-week, the Real had recovered to RDollars 2.70, up 4.5 per cent against the dollar from its post-attack low. Future interest rates also came down by more than 60 basis points this week. The Real had depreciated 30 per cent against the dollar since the beginning of the year, raising concerns about the country's inflation target and credit outlook. However, the currency weakness "is here to stay", says Marcelo Carvalho, chief economist with JP Morgan Chase, the investment bank, in Sao Paulo. "The fundamental problems of the Brazilian economy have not changed and the market outlook remains uncertain." Indeed, a consensus forecast published by the central bank sees the currency at RDollars 2.80 against the dollar at the end of this year and at RDollars 2.86 by the end of next year. A sustained currency weakness implies higher inflation and a larger nominal budget deficit, and subsequently slower economic growth, says Mr Carvalho. JP Morgan Chase foresees GDP growth next year of only 1 per cent, compared to the market consensus of 2.25 per cent next year. Brazil's principal problem is its dependence on international capital markets and direct foreign investment to finance a current account deficit estimated at USDollars 25bn this year, the largest of any emerging market. Total external financing requirements are estimated at just under USDollars 50bn next year, a tall order at a time of a global downturn and heightened risk aversion towards emerging markets. Earlier this month, the economic authorities issued more dollar-linked debt, increased obligatory bank deposits and reformed corporate reporting rules designed to reduce the need for currency hedging. The economic slowdown these measures helped to trigger will help improve the country's trade balance by driving down imports. As a result, the market expects the current account deficit to fall from Dollars 25bn this year to Dollars 21.7bn next year. The domestic slowdown has also helped to dampen inflationary pressure caused by the currency depreciation. On Wednesday, the central bank decided to maintain its prime interest rate at 19 per cent with a neutral bias. Yet more action to tighten monetary policy - such as a further increase of bank deposit requirements - may be necessary given the ongoing threat of an Argentine default, an escalation of the US-led war on terrorism and political noise ahead of Brazil's presidential elections next year. Bank of New York demands back-up links from customers By Joshua Chaffin in New York The Bank of New York will require some customers to have back-up communications links to its securities processing operations, and will more closely inspect its vendors' technology and communications capabilities to ensure they function in the event of disaster. Thomas Renyi, chief executive, announced the changes on Thursday when discussing the bank's third quarter earnings, which suffered more than expected from the September 11 attacks. BoNY, which specialises in securities processing, was one of the Wall Street firms hardest hit by the attacks. More than a month later, it is still struggling to reconcile trades that clients executed after September 11. As a result, its disaster recovery plans have been among the most scrutinised by the financial services industry as it tries to prepare for future disasters. BoNY executives had contended that much of the disruption was due to damaged telecommunications lines. Mr Renyi reiterated Wall Street's new-found appreciation of "how important telecommunications are to the smooth operation of the capital markets". But he also pointed to problems with computer and communications systems at BoNY's vendors that may have hindered the bank's recovery. "Some of the things just didn't work as billed by our vendors," he said. Mr Renyi also said that he and other Wall Street executives would re-evaluate the practice of out-sourcing large volumes of business to a small number of companies. His comments are notable because BoNY has aggressively promoted itself to customers as a single provider for all back-office needs, from trade processing to accounting. Overall, losses from the disaster cut BoNY's third-quarter earnings by one-third from last year's levels to $243m, or 33 cents a share. BoNY pointed out that excluding the disaster, earnings rose 6 per cent from last year. BoNY recorded a $140m charge related to the disaster. This covers a variety of expenses, from renting office space in mid-town Manhattan to buying computers. BoNY estimated it lost about $29m in fees from the closure of the markets and problems with its automatic teller machines, and paid about $45m to compensate customers for trades that failed or were slow. However, it expected that a "substantial amount" would be covered by insurance. DTCC seeks to address post Sept 11op-risk concerns By Gallagher Polyn 18 October - The Depository Trust & Clearing Corporation (DTCC), the world's largest clearing company, has seized the initiative to address the issue of systemic operational risk concerns raised in the aftermath of the US terrorist attacks of September 11. DTCC chairman and chief executive Jill Considine held the first in a series of discussions with representatives of the Securities Exchange Commission, the Federal Reserve Board and the Federal Reserve Bank of New York, yesterday, to address operational risks exposed by the attacks on the World Trade Center. In a speech to the Bond Market Association in New York prior to the meeting, Considine said the major systemic risk posed by the September 11 attack stemmed from over-centralisation of physical assets - people and facilities - related to financial markets in New York. Bond market settlement banks, the New York telephone carrier Verizon's network in lower Manhattan, and numerous market makers on the New York Stock Exchange (NYSE) and Nasdaq were briefly incapacitated by the attack. US fixed-income markets did not resume trading until September 14, while trading on NYSE and Nasdaq did not resume until September 17. The Bank of New York, a large custodian and securities settlement bank, had major problems paying out funds due to failed communications lines, with some market sources indicating that Bank of New York's payments backlog reached $130 billion on Thursday September 13, leaving a number of large European institutions with large overdrafts with other banks. After a 'breather' from weeks of intensive recovery efforts by US regulatory authorities subsequent to the attack, Considine said the DTCC would look to take a leadership role in helping the US financial industry adopt new best practices to manage the newly exposed risks. Comments made by Considine during her speech suggested the DTCC would hold discussions with regulators, broker-dealers, electronic trading network service providers, clearing houses, and even public utilities like phone companies. Asked whether new awareness of the risks stemming from spatial concentration would result in calls to disperse financial market operations over wider areas, Considine said, "I think people are looking at that very seriously." But it was unclear whether Considine was referring to regulatory authorities. Neither the SEC nor the Federal Reserve Bank of New York have yet issued any new regulations related to the attacks, though impact assessment is ongoing, spokespersons for the two organisations said. The DTCC is the world's largest post-trade infrastructure organisation, providing clearance, settlement and custody services for equities, corporate and municipal debt, exchange-traded funds, mutual funds, ADRs, money market instruments, unit investment trusts and insurance products. **End of ISDA Press Report for October 19, 2001** THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA ONLY. THIS PRESS REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT. | ISDA PRESS REPORT - OCTOBER 19, 2001 | credit derivatives | isda press report. not for distribution | 10/19 isda press report | null |
Summarize the email and create a subject line. | Dear Mark: I hope that you are well. Glocap Legal Search is one of the fastest growing in-house legal recruiting firms in the nation. We have worked very hard to create a truly unique and powerful legal recruiting company and we were gratified recently when Forbes.com selected us the best recruiting website in the country! We recruit for Fortune 500 companies, major financial institutions, consulting companies, investment banks and many other public and private companies of all sizes. I am writing to ask for your help. Do you know anyone who might be interested in hearing more about us? I have briefly summarized a very small sample of the many truly outstanding, pre-screened attorneys available through our unique service. We have many more, in all practice areas and experience levels. Call me if you would like to discuss how we can be of service to your company. Attorneys available now include: 1. Northwestern University School of Law (cum laude) graduate has over 4 years experience working on computer software, intellectual property and internet related issues, with particular emphasis on e-commerce and complex licensing. This very highly regarded attorney seeks a corporation or financial institution that needs in house counsel for domestic and/or international tech law matters. Midwest preferred. 2. This 1995 graduate of a top 10 law school also has an MBA (magna cum laude) from a top business school. Superb experience as a corporate attorney at a top firm (with an emphasis in entertainment law). Currently GC of an entertainment company with great corporate, securities, intellectual property and corporate governance matters. Very savvy and articulate. Willing to work on either coast, Texas or Florida. 3. A truly uniquely credentialed attorney who graduated Stanford Law School and has a graduate degree from Columbia, this candidate is also a shared recipient of the Pulitzer Prize for investigative reporting and writing. Currently a litigator at a top law firm, this attorney has the intelligence, writing ability, and work ethic to enhance any company's litigation department. Fluent in Spanish. 4. Georgetown Law Center (cum laude) and Stanford undergraduate has over four years experience advising both private and public companies on general business/corporate matters as well as venture and debt financings, licensing, mergers and acquisitons, and public offerings. Terrific experience in securities and corporate counseling. Available either in California or East Coast. 5. A talented attorney with over eight years experience doing project finance and lending, mergers and acquisitions, and capital markets transactions at two very prominent law firms. This Russian speaking attorney has represented investors, lenders, and multilateral agencies in power, energy and natural resources industry sectors, as well as financial services, IT and telecom clients in a wide variety of m & a matters. 6. This 1996 graduate of a highly regarded law school has over five years of solid general corporate experience. Great drafting skills and superb presence, this candidate will be a very welcome addition to any in house legal staff that seeks an intelligent, hard working and very well trained corporate generalist. 7. Attorney who graduated first in his law class is practicing corporate restructuring and reorganization at one of New York's premier law firms. Four years experience in all aspects of distressed debt transactions, including asset sales, plans of reorganization, asset-based financings, cross-border insolvency issues and strategic distressed acquisitions. Seeking in-house or investment banking position. 8. Yale Law School, Princeton University (magna cum laude). Senior VP of one of top financial institutions in the world, this attorney has played a leading legal, business, integration and managerial role in acquisitons, joint ventures, equity investments and divestitures. Also has broad epxerience in securities law at a top law firm. Very well spoke and personable, this candidate is interested in a senior business/GC type position. NY metro area. 9. Yale University (magna cum laude), Harvard Law School (cum laude) candidate with three years transactional experience at premier law firm before leaving to become general counsel at a new media company. Has broad corporate, real estate and and technology experience. Exceedlingly smart, conscientious, and energetic. This candidate will be an enormous asset to any company that hires him. Wants NY area only. 10. UChicago Law School, over five years extraordinary experience at both a top law firm and a premier incubator. Practice areas include corporate, securities, intellectual property, mergers & acquisitions, venture capital financings and technology. Dynamic, very highly regarded attorney also speaks mandarin chinese. Wants in-house or legal/business position in Southern California only. This is just a very small sample of the attorney/candidates that we work with. We can of course tailor our search to meet any specifications that you wish. Feel free to call us to discuss our service, or to refer us to a colleague that might be interested in hearing more about us, or to obtain references from our clients. I hope I will be speaking with you soon. Thank you for taking the time to consider our service. | Glocap- Selected Favorite Headhunter by Forbes.com | glocap legal search | information on glocap legal search | i need your help with this | null |
Summarize the email and create a subject line. | Mark: I will be in Amsterdam for the ISDA board meeting on March 15 and 16. I would like to get an update on the APX before leaving for Amsterdam. For example, do we think it will be successful? What kind of volume is trading? Also, I wanted to get your recommendation on what law firms or maybe the APX that I should visit while I am there. Hope things are going well. Regards, | APX | need apx update before i leave | i need an update before leaving for amsterdam | need apx update before march 15 | null |
Summarize the email and create a subject line. | Great conference in Amsterdam. It was the best one yet. I would like to have an IDSA sponsored energy conference in Houston sometime in the next year. I think the time will be ripe to focus on (a) energy derivatives around the world and (b) the application of web technology to energy. If we do it right, we may draw a large group internationally and build our membership dramatically. Let me know what you think. Regards, | Energy Conference in Houston | idsa sponsored energy conference | amsterdam conference | idsa sponsored energy conference proposed | null |
Summarize the email and create a subject line. | Please add this to my schedule. Maybe, I can fly to Toronto the next day. Ask Chris Gaffney if September 21 works for him instead of the dates I proposed in August. Mark | ISDA Members Update and E-Commerce Forum | additions to schedule | add this to my schedule please | add to schedule | null |
Summarize the email and create a subject line. | What topics do you think would be appropriate? I will have just a few minutes. I was thinking CFTC, electronic trading, physical trading forms and continued opening of power markets in North America to trading. Mark | Agenda for Members Update | appropriate topics? | appropriate topics? | request input on topics | null |
Summarize the email and create a subject line. | Michael: The September ISDA meeting is coming up and I am starting to plan my schedule. I will be in London on Monday and Tuesday, Sept 12 and 13. I will also be in Frankfurt on Wednesday and Thursday. Are you free for dinner on either Monday or Tuesday? Who is the best person in Frankfurt to give me an overview of the trading markets in Germany? Regards, | Planning | planning schedule - are you free for dinner? | my september isda itinerary | upcoming isda meeting schedule | null |
Summarize the email and create a subject line. | I have responded below. Also, my title is Managing Director and General Counsel of Enron Wholesale Markets. I would add a bullet " comparison of masters in use in North America." Mark | North American Energy and Power Committee Meeting: invitation dr aft and questions | my title | managing director and general counsel of enron wholesale markets | resume response | null |
Summarize the email and create a subject line. | Please review and give me your comments on the attached proposal re adopting a standard from 1 to 10 on legal risk ratings. I am most concerned that the proposal works for our international transactions. Let me know. I would like to roll this out sometime in January. Regards, | Legal Risk Ratings | review and give feed back | proposal for review | legal risk rating proposal | null |
Summarize the email and create a subject line. | In reviewing the contracts, so far I have the following questions: 1. Have Oman LNG and ADgas taken the risk of non-performance by DPC and indirectly MSEB without any credit support? The only security is the equity in DPC? Are such contracts typically secured or done with a buyer with deep pockets? How much value was put into DPC by the shareholders? 2. Are there local public policy issues that could be addressed by local courts with respect to the LNG contracts? Fraud? Bribery? Are there any local law issues with respect to performance or interpretation of the contracts? Isn't take-or-pay meaningless without credit support? 3. What are the arguments for DPC to terminate the contracts? Only where the PPA is terminated? Payments? 4. Who negotiated the contracts? Were there requests for credit support? From Enron? Did Enron ever promise to indirectly "backstop" the contracts by its investment in Dabhol? 5. What was the discussion regarding the "reduction in operational capability" language in the contracts? What was the language meant to cover? Do we need our counterparty's approval to investigate other markets? 6. Is there any argument that DPC has already breached the contracts? Could our counterparties issue a press release claiming damages over the entire term of the contract? Confidentiality and press releases? | LNG Contract Questions | questions about contracts | questions after reviewing the contracts | questions so far regarding contracts | null |
Summarize the email and create a subject line. | The attached report summarizes current significant legal activities of EWS Legal as of December 15, 2000. This report does not attempt to list all transactions or include reference to on-going maintenance of completed transactions. Please let me know if you have any questions. | Enron Wholesale Services Legal Department Monthly Report | ews activities report as of 12/15/00 | significant legal activities of ews legal | ews legal activities as of dec 15 | null |
Summarize the email and create a subject line. | To ensure a smooth flow of bank resolutions to the necessary signatories, I am requesting that Enron Treasury first route the bank resolutions to Angela Davis (EWS Legal) to be initialed before being routed to John Lavorato or Louise Kitchen. If you have any questions please call me at 3-6544. Thank you for your attention to this matter. | Treasury Bank Resolutions | route the bank resolutions to angela davis | enron treasury first route the bank resolutions to angela davis | routing order for bank resolutions | null |
Summarize the email and create a subject line. | Please let me know as soon as possible if you are aware of any such contracts as described below by Sharon Butcher. "The U.S. Small Business Administration, Office of Government Contracting has advised that on May 25, 2001, they will evaluate Enron's subcontracting program and compliance on any subcontracting plans in effect on current contracts. This review will cover the last five (5) years. All Forms 294 and 295 filed with the Small Business Adminstration along with the names of each Administrative Contracting Officer (U.S. Government employee responsible for monitoring the contract) for each contract will be subject to the review. In addition, total subcontract placement with small businesses, small disadvantaged businesses, women-owned small businesses, and HubZone small businesses shall be reviewed. Further, the amount of indirect or overhead costs, if any, apportioned to contract goals is subject to review. We will also need information on the number of active suppliers Enron is currently using in the following categories: large business, small business, small disadvantaged business, women-owned small business and HubZone business. The review will cover these figures for one year ago if available." | Response Needed - Small Business Admin. Evaluation of Enron's Subcontracting Program | know any such contracts? | information on contracts by sharon butcher | us governement review of subcontracting program | null |
Summarize the email and create a subject line. | Please provide me your comments on the following outline: Trading Contracts for Global Commodity Markets 1. Evolution of Trading Contracts Since 1990 2. Trading in 2001: Living with Multiple Master Agreements a. North America b. Europe c. other 3. Globalization of Commodity Trading 4. Lessons from the California Crisis 5. Deregulation Marches Forward 6. The Vision a. single global master for physical and financial trading b. use master netting agreements in transition phase c. focus on confirmations and schedules for new products | Proposed ELJ Article | trading contracts outline - please review and provide comments | outline comments | needed: comments on trading contracts outline | null |
Summarize the email and create a subject line. | Steve and Peter: From a control point of view, we should have at least one director based in Houston. Does that present any significant tax risk? Let us know. Mark Haedicke | Canadian Retail | questions on tax risk in houston | houston director | we have one director based in houston | null |
Summarize the email and create a subject line. | Enron employees not participating in contract parking are eligible to receive Metro Bus Passes or Woodlands Express Passes. You may pick up a bus pass from the Parking & Transportation Desk, on Level 3 of the Enron Building, from 8:30 AM to 4:30 PM. All Metro passes offered through the Enron Parking & Transportation desk will be the Metro 30 Day Zone Pass. When you use a 30-day zone pass, bus service is divided into four zones w/ unlimited rides. The zone pass is time activated, which means that it will not become active until the first time it is used and will not expire until 30 days after it was used for the first time. New passes will be available to Enron employees upon expiration of the 30 day time period. Each zone does have a different fare values based on the distance the bus travels. This is important to any buser who wants to transfer to or travel in a higher-cost zone than the zone pass they have, in this case the difference must be paid in cash. If they are traveling in a lower cost zone, then there is no extra cost. Parking & Transportation Desk 3-7060 | Metro Bus Passes and Woodlands Express Passes Available Effective Friday, December 28, 2001 | metro bus passes or woodlands express passes eligibility | metro bus passes or woodlands express passes | bus passes for enron employees | null |
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