Q: Subject: TYZ/TYH ROLL SHOULD NARROW/Roll longs now Date sent: Mon, 26 Nov 2001 15:24:12 +0000 Recommendation: Roll long TYZs now at 39/32 or roll short TYZ later in week 2 to 3/32 lower. Rationale: The TYZ/TYH roll will be impacted by a number of factors. Most important, we believe, will be changes in the contract's cheapest-to-deliver caused by market movements. Changes in CTD will change the amount of net positive carry that is the primary determinant of the TYZ/TYH roll's value. For example, The TYZ/TYH roll priced using the 6.5% 2/10 has 35.75/32 of net carry, while the roll priced with the 4.7% 11/08 has only 28.5/32 of net carry. |------------+--------+--------+--------|
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A: fyi: TYZ/TYH ROLL SHOULD NARROW/Roll longs now

Q: Attached is a short letter advising subs/affiliates of ENA of existing brokerage and futures accounts. I thought these should be sent to the general counsel and CFO/Treasurer of each company. Please let me know your comments, frequency of review, whether any other group should monitor, etc. Each attached Exhibit will contain only a list of accounts. I have not included account numbers but we can do so and include any other information you consider relevant. Remember, the only other "brokerage account matrix" which we have produced is a quick view of brokerage firms and Enron companies. Thanks.
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A: Brokerage account audit memo to be distributed by Enron North America Corp. ("ENA")

Q: Ken, Attached is the form of tasking letter. Please fill out Part I or have Karl Durant fill it out as best we can. You can return the form to me and I will forward to High Mountain for execution.
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A: High Mountain Tasking Letter

Q: Dear Kam, The Oracle Power database has been moved. The Excel Applications which are involved with the database need to be modified. So does your PCs' setting. Please let us know when we can go to your desk for the changes. The time only need < 20 minutes. Thanks!
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A:
Power database, DprAutomation/Var Report and PC's setting