This is the content of an email: I reviewed the counterparties in our Financial Trading Database and located 17 who cannot enter into financial power transactions and cross-checked that list against my Online Trading Counterparty List and located the 6 counterparties below have been opened to trade online and who cannot trade financial power and/or who have some type of restriction in place on the type of financial power transactions they can enter into: 1. The Bakersfield Californian - can only do newsprint swaps and options 2. CMS Marketing, Services and Trading - can enter into financial power transactions only if those transactions are fixed price swaps, basis swaps, swing swaps and options 3. Phibro, Inc. - can only do natural gas, crude oil or oil product energy prices swap, put & call options. Per my discussions with Tom, this counterparty is coming through on tonight's list as an amended counterparty because they want to do financial power. They have a really old form of agreement in place from 1993 and it does not allow power financial transactions. I spoke to Mark Taylor about this and he said if they want to do financial power they are going to have to replace this agreement with an ISDA. I am going to talk to Credit about this. They will definitely not be able to trade financial power by Monday... 4. PXRE Corporation - weather only 5. Swiss Re Financial Products Corporation - weather only 6. Tempest Reinsurance Company Limited - weather only
What was the subject line for this email?
EnronOnline - Financial Power Trading