Spreadsheet: sally_beck__33842__doorstep
Sheet: Sheet1

 | Project Doorstep
 | St. Louis - Metals
 | Observation |  | Current Status |  | Action Plan/Follow up |  | Person responsible |  | Time Line
 | No master agreements with counter-parts |  | Currently, NY office is sending out contracts for all St. Louis activity. |  | [NAME]. (Houston) is in the process of creating General Terms Condition and Master Counter-party agreements. |  | [NAME] |  | ASAP - To be determined
 | Sales agents (fewer than 5) are used in several foreign locations without written contracts. |  | The 5 sales agents have been identified and information has been provided to the Tax group in London. |  | The London Tax Dept. is in the process of formalizing agreements for all  Metals Agents. |  | Naomi Connell / Tina Ward |  | To be provided by Tax group
 | Overall credit function is weak. |  | Currently St. Louis office has access to AS 400 for all open commitments by counter-party.  They also have access to SAP for receivable /aging by counter-party.  Credit limit reports are provided by NY Credit.  The aggregation of all three is how credit is controlled. |  | The SAP implementation in London will ultimately link to the Credit Aggregation System.  This system will ultimately provide functional Customer Exposure Reports. |  | Credit: Tim Davies / Marcelo Parra                   Systems: [NAME] |  | 2001-04-01 00:00:00
 | Observation |  | Current Status |  | Action Plan/Follow up |  | Person responsible |  | Time Line
 | Telephone lines are not taped and traders execute deals from home. |  | [NAME] , [NAME], in the process of implementing  taped phone lines. |  | A global policy should be implemented for cell phone usage by traders. |  | [NAME] |  | To be determined by responsible party
 | Risk Management in NY does not provide the St. Louis office with sufficient detail of position, P/L, etc.. |  | Currently the St. Louis office has access to Positions reports via the AS 400.  P/L is provided daily from NY. |  | The P/L responsibility is in NY under Head [NAME], [NAME].  He has access to full details of all activity and signs off on P/L daily. |  | [NAME], NY |  | November 1,,2000
 | Stand alone access database does not interface with AS400 additionally, the AS400 does not give all needed information |  | The group uses an off system database to monitor and control Inventory.  The system is designed to support logistics. |  | AS 400 system updates have been requested to eliminate the need for an off system database. |  | [NAME] |  | Not Before April 1, 2001
 | Observation |  | Current Status |  | Action Plan/Follow up |  | Person responsible |  | Time Line
 | Certain coordination functions are still being performed by Logistics personnel in St. Louis, mainly due to the system limitations of the AS400.  This point is mentioned separately due to the segregation of issues problem, but the follow up is the same as the observation above. |  | The major control functions have been moved out of the Logistics group. |  | Systems upgrades to the AS 400 will help improve the controlling process. Changes to the AS 400 have been identified and requested. |  | [NAME] |  | IT resources are limited due to off balance sheet Inventory project.  Not before April 1, 2001.