Per my conversation with Edmund this morning, we are moving Germany to the approved list for trading credit derivatives. Below is the list, now updated to reflect this change. European jurisdictions which are are approved for trading credit derivatives: Finland, Germany, Norway, Sweden, Switzerland, and the U.K.. The European jurisdictions which are not approved to trade credit derivatives include: France, Gibraltar, Ireland, Italy, Scotland, Spain, and The Netherlands. For banks incorporated in a non-approved jurisdiction, it may be possible for them to trade out of a branch located in an approved jurisdiction (i.e. U.S. and U.K. branches). This would have to be determined on a case by case basis. Canada is also not an approved jurisdiction for credit derivatives. Please let me know if there are any changes to this list.
Answer: Update to Approved Jurisdictions - Credit Derivatives
Received the letter to Mark Pana at EES from Emil Pena regarding the purchase of FASER software. Dan Leff at EES will follow-up on this since that product is at EES currently. I will talk with Dan, if necessary, to see if he needs any assistance form Net Works. Thanks.
Answer: Emil Pena
Aquila wants to trade online under two names, Aquila Risk Management and Aquila Energy Marketing. They have asked us to attach to their ETA, a listing, and copies, of all master agreements we have in place with those two counterparties, whether physical, financial, gas, power, etc. Can you look those up for us and copy the relevant contracts? Thanks for your help!
Answer: EOL-Aquila
Jeff Skilling proposed a solution to Gov Davis to solve the supply and pricing problems in the California market. In summary, the proposal would have a neutral party conduct an auction wherein the utilities would seek bids for 5-10 year packages of power from suppliers. The gov asked if anyone had successfully conducted such an auction in the industry already. I need your help to identify and describe any such examples (European or North American) by mid day Monday. Jeff and I will have a follow up call with the governor on Monday. Thanks
Answer:
examples of auction processes that worked