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ENA received a letter 10/30/01 stating that Man would begin margining on a risk-weighted basis rather than using the NYMEX SPAN calculation. This is prohibited under our futures agreement. Man has not formally called for additional margin (which they have the right to do) but rather is withholding about $25M based upon a misunderstanding between traders about moving option positions (I'm not entirely clear about the circumstances). Man has never claimed that the $25M was "additional margin". ENA faxed a letter this morning to Man demanding the return of margin in excess of the SPAN calculation, basically a response to the letter. ENA acounting does not have the software to execute SPAN calculations. A recommendation to purchase the software was made by Sarah Wesner (who then reported to Joe Deffner) to accounting last year. I understand that John Arnold intends to move most positions (including options) from Man to Paribas. However, this information changes frequently. Joe Deffner signed the letter and a copy was delivered to Louise Kitchen. Let me know if you need further information.

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OUT: Man Financial: margin calculation

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Hi everybody, We only have a few things left after the Flea Market last month and we'd really rather not have to pack them! Attached is a list of items and asking prices. We will consider any reasonable offer just so we don't have to move everything to Florida with us. If you are interested in anything, please let us know before Monday, November 26, otherwise the movers will box it all up. We also have a few non-scuba items left: - Mexican-style hutch (the one that is underneath our Egyptian market tapestry). Asking $300 - Antique dresser/commode stand with mirror (it's in the spare bedroom). Asking $300 - Lifestep stair climbing machine. Asking $350 We'll be sending out our change-of-address info as soon as the house closings are confirmed the last week of November.

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OUT: Final Sale on Scuba Dooby Doo Items

IN: This is an email
Some questions about the 1st. Per the proxy, we should be injecting 26,219 dt/day into storage. You are showing 36,304 dt/day on the FOM sheet. AND I see a citygate load of 29,461 dt/day. This morning Tim Ray sold Dick 23,060 dt/day at the pool. Is this to reduce the citygate load or is this additional New Power supply?

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OUT:
Sep 1st. TCO