Sara-thank you for looking into this issue for us. Here is a brief summary of what occured. UBS and Enron entered into a Sterling-UBS spot transaction on 11-19-01, which both parties confirmed and settled on 11-21. (UBS pays USD 7,083,500 and receives 5 mio sterling). On 11-21 UBS and Enron erroneously confirmed the same trade again for settlement on 11-21. UBS made a second USD 7,083,500 payment to Enron's account at BA-Dallas on 11-21 (payment reference: FED IMA 1121B1Q8052C001081). UBS did not receive the Sterling it was expecting and for the next few days Enron and UBS tried to resolve the non-payment based on a mistaken assumption that Enron owed 5 mio Sterling to UBS. On 11-28, UBS realized that the trade was duped and on 11-29 informed Enron of the nature of the error and requested that the USD payment be returned. Enron agreed to return the USD payment on 11-29. The returned payment was never received.
Q: What is a potential subject line for this email?
answer: UBS FX payment
See highlighted portion. We should throw this back at Davis next time he points the finger. ***************************************************************** The controller's criticism of fellow Democrat Davis won support from
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answer: Davis' Spokesperson Learns from Palmer---check out the quote
The resume for Jeff Huff was inadvertently dropped from the message we sent yesterday evening. The resume is attached below for your convenience. Below are a few points for your review: Resume: Currently the second most productive Partner at Diamond-Cluster, a technology consulting firm. He has been a consultant dedicated to Enron for the last 2+ years, first for Tom Gros in EBS and Net Works and then for Dan Reck in Freight, developing trading systems. The Job: We are looking to bring Jeff in as VP, Commercial Support. The demands of growing the group require a consistent focus on technology, expenses, front and back office productivity, as well as constant re-analysis of growth strategies. Justification: Jeff's capabilities in these areas make him extremely qualified. We rely on him heavily already, but at consulting rates he costs us more than $1.3mm per year and his focus is limited to technology. Most importantly, the lead commercial folks in the group are overburdened with administrative issues and spending too little time bringing in earnings. Thank you.
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answer: Jeff Huff Resume
Jeff, Al and I would like to thank you for your kind endorsement of Expectations Investing. We look forward to sending you a final copy when it is published in early September. I would love to catch up with you. Please let me know if you're in NY with a few extra moments-alternatively, I'd be pleased to come to Houston. Best regards,
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answer:
Thank you for endorsement