John: Let me know if you are ok with the following memo which would come from you and me to the traders and senior originators: Effective October 15, 2000, the retention period on tape recordings of trades done by telephone will be reduced from four months to one month. The tapes regarding significant transactions may be retained for such longer period as approved in writing by both the Head Trader and the General Counsel. Please propose those significant transactions on which you may wish to retain the tapes, prior to October 15, 2000, since the tapes on conversations older than one month will be destroyed on that date. If you have any questions, please contact Mark Haedicke or Richard Sanders. We are still looking at moving to recording only the deal terms -- but that
Answer: Retention Policy on Trading Tapes
Hi Girls, I just wanted to say thank you for the flowers. They were beautiful and still in great shape when I left on Tuesday. They were peach and yellow roses with red eucalyptus berries, baby's breath, and greenery. The bow was strands of yellow and brown raffia. Don't know how ya'll knew, but peach is my favorite color rose and yellow is my second favorite. I really appreciate it. My mother and my sister said to tell ya'll that was the prettiest bouquet we received, and it was. We had it on a table at the funeral home with various pictures and other mementos of my daddy's life. I left them on my mother's coffee table so she could enjoy them. She commented on them each day, so I know they have given her much pleasure. Thanks again and love to all of you. I'm looking forward to fun, sun,
Answer: THANK YOU
GUYS: PLEASE SEE THE NEW SCHEDULE FOR JANUARY. PLEASE NOTE THAT THIS SCHEDULE IS SUBJECT TO CHANGE (ie. A CHANGE IN WHAT WE ARE ACTUALLY DOING EVERY DAY). THANKS, BERT MEYERS
Answer: JANUARY SCHEDULE
Tana - I spoke to Joe Wright at APB this morning. Here is the rub on this matter: - APB has a $500K LC outstanding to cover the US trading - Norwegin Energy Brokers - AS is a brokerage house trading in Nordic/EU areas (mostly in Scandinavian countries) - First Energy Brokers - AS was formed by NEB for purposes of trading in the Netherlands (not sure of the timing) - NEB owns a large stake in FEB, but not all of the entity. - APB is currently a 23% owner of NEB (thus indirectly owning a piece of FEB) - APB is looking to purchase the balance of the ownership of NEB which is CONFIDENTIAL (seeking to close sometime later this month) - Joe indicated his thought that, post-NEB purchase, there is a good chance that NEB and FEB will be merged - Joe also indicated that it would not be a problem for the APB LC to be expanded to these entities - if this is what credit would need. I do not know if we have any history with either NEB or FEB, but I am sure we need to talk to credit to figure out what is needed in order for the trading to take place. Can you follow this up or do you want me to do so? Thanks.
Answer:
Norwegin Energy and First Energy