Q: Barbara, I called Vlady Gorny and explained that the presentation by Jorion is not offered under the umbrella of the seminar sponsored by Enron and that it is a closed meeting for the School faculty. I don't think that Enron would open its job interviews to Rice observers who expressed interest and I made this comment to Vlady. He is OK with this. You can let his program director know that I have explained to Vlady that it is a meeting for limited audience and that he does not expect to be invited. Please, let me know the details of the dinners. Vince
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A: Vlady Gorny

Q: 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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A: Man Financial: margin calculation

Q: I just entered a commodity rate on deal 299159. It has very big volumes on it each month and there has not been a commodity rate on it. Joanne just verified that this is regular transport, not Dayton or CALP. This will be a big OA variance for June - August. This deal is for deliveries to Storage. Would you verify if ACA and GRI are billed for storage deliveries please?
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A: CGAS deals

Q: Please put attached in the SITA file. The ISDA parties are ENA and SITA. Michael Khajeh-No in the London office will be negotiating this agreement with SITA on behalf of ENA.
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A:
SITA