Spreadsheet: louise_kitchen__22720__MASTER ISSUES_MSTONES_OPSVIEW-2-06-02
Sheet: ISSUES

[NAME] | MRC Critical Path # | BUSINESS/  [NAME] | ISSUE   NO. | DATE | ISSUE | ACTION REQUIRED/TAKEN | RESPONSIBILITY | TARGET/  COMPLETION DATE | [NAME] | COMMENT | STATUS
1 | CP22 | Legal | L17 | 2002-01-23 00:00:00 | Hart-Scott-Rodino anti-trust filing and approval/early termination. | Filing made on 24 Jan, with waiting period ending at 11:59 p.m. on Feb. 7.  Early termination has been requested. | [NAME] | D0
1 | CP23 | Legal | L18 | 2002-01-23 00:00:00 | Canada Competition Act filing | Canadian counsel has determined that filing is not required.  Written confirmation of the facts supporting this conclusion is being sought from Enron Canada. | [NAME] | D0
1 | CP24 | Legal | L19 | 2002-01-23 00:00:00 | Agreement needed for acquisition of assets of Enron Canada | Canadian Master Agreement has been distributed to Enron's counsel.  Other documents are in preparation. | [NAME] | D0 |  | Commencement of Canadian operations could be delayed until after the US is completed
1 | CP25 | Legal | L20 | 2002-01-23 00:00:00 | Real estate leases needed to be reviewed to ensure consistency with term sheets attached to the Master Agreement | Leases expected to be signed early in week of Feb. 4. | [NAME] | D0
1 | CP26 | Legal/HR | [NAME] | 2002-01-23 00:00:00 | Employment agreements and offer letters must be entered into by requisite Enron employees | Awaiting final confirmation that requisite employees have signed without unacceptable changes. | [NAME],  [NAME] | D0 |  | 643 offer - 60% returned as of 24 January
1 | CP27 | Legal | L22 | 2002-01-23 00:00:00 | Third party consents must be obtained for software licenses | Consents being obtained | [NAME] | D0 |  |  | In process
1 | CP28 | Legal | [NAME] | 2002-01-23 00:00:00 | Closing conditions include certificates and the delivery by Enron estate of $6 million to be applied to retention bonuses | Account needs to be established to hold the funds until disbursement. | [NAME] | D0
1 | CP29 | Legal | L24 | 2002-01-23 00:00:00 | FERC power marketer license approval | Meeting with the Chairman of FERC scheduled for 2/4/02   Application will be filed thereafter and should be approved in approximately 60 days. | [NAME] | ASAP after D1
1 | CP30 | Legal/CRC | [NAME] | 2002-01-23 00:00:00 | Master agreement template finalized and in place with major counterparties | Templates of adoption agreements being completed.  General Terms & Conditions being finalized. | [NAME] | D1 |  | Legal opinion required in the event master agreements or ISDAs are not in place for day 1.  Contingency Plan required
1 | CP31 | Legal | L26 | 2002-01-23 00:00:00 | Additional US and Canadian licenses and approvals | Under discussion of our outside counsel, to be resolved by 31 Jan | [NAME] | ASAP after D1 |  |  | In process
1 | CP32 | Legal/ETD | L27 | 2002-01-23 00:00:00 | Transfer of NYMEX Access Terminal |  | [NAME]
1 | CP33 | Legal/ETD | L28 | 2002-01-23 00:00:00 | Negotiate give-up agreements with brokers for ETD business |  | [NAME]
1 | CP71 | Legal/ETD |  |  | Establish additional futures trading account |  | [NAME]
1 | [NAME] | Legal/ETD |  |  | UBS AG to apply for hedge exemption from NYMEX |  | [NAME]
1 |  | Legal | [NAME] | 2002-01-17 00:00:00 | How/Where will the Account Opening Procedures and money laundering checks take place? | Accounts to be booked in the London Branch, customer consent required to obtain data from Enron regarding Customer Account | [NAME]/OPS/Business
1 |  | Legal | L09 | 2002-01-17 00:00:00 | Is individual registration required in either the US or London? | None required in the US.  London can be handled if the proper legal structure is created.  Sub employees would not be viewed as individual agents of the London branch and would not require registration | [NAME]
1 |  | Legal | L10 | 2002-01-17 00:00:00 | Are there any FSA requirements extending to the Enron sub? |  | [NAME]
1 |  | Legal | L12 | 2002-01-18 00:00:00 | New master agreements need to be completed and distributed to counterparties. | Legal is reviewing master agreements presently. | [NAME]
1 |  | Legal | [NAME] | 2002-01-18 00:00:00 | It was suggested that prior to master agreements being sent a client communication should be distributed.  Legal and corporate communications will handle process of sending out communication. | Communications being prepared | [NAME]
1 |  | Legal | [NAME] | 2002-01-18 00:00:00 | A discussion took place regarding the trade agreement UBS Warburg Energy LLC presently has in place for on-line clients.  [NAME] will review on-line confirmation with B. Murtaugh and Sanjerv Karkhanis to make adjustments to general trade agreement as a |  | [NAME]/B. Murtaugh
1 |  | Legal | L15 | 2002-01-18 00:00:00 | All historical trading data would be lost within 10 days.  This is a legal issue and related to the legal agreement with the Estate.  [NAME] confirmed that historical data will be  lost due to customer confidentiality issue. | Once client signs master agreement UBSW will have access to the historical data regarding that particular client.  [NAME] is interested in risk measurements and back testing procedures that are contained in historical data records. | [NAME]
1 |  | Legal | L16 | 2002-01-17 00:00:00 | Do we have to wait till day 1 to throw the switch on urls, email addresses, etc |  | IT/Legal
2 |  | HR | HR02 | 2002-01-18 00:00:00 | HR is the energy comp will require access to the UBSW HR systems as they will be removed from access to the Enron systems on 2/5/02 | Possible options are providing GDIP PCs or allowing non GDIP access to the intranet site for the PeoplePlus access | HR/IT
2 |  | HR | HR03 | 2002-01-18 00:00:00 | [NAME] requested that final acceptance list be received by February 1st.  In addition all locations need to be identified.  C. Dow noted that there are not many personnel moves planned at this time.  First pay period is estimated to be retroactivie |  | HR
2 |  | HR | HR4 | 2002-01-24 00:00:00 | Gaps in the Benefits between Feb 8th and Feb 16th will need to be reviewed as well as deduction adjustments made. |  | HR
2 |  | HR | HR5 | 2002-01-24 00:00:00 | Canadian Payroll/Benefits issues need to be resolved |  | HR
2 |  | HR | HR6 | 2002-01-24 00:00:00 | [NAME] increase provisions will need to be made for the period between Feb 8th and Feb 16th. |  | HR/FCD
3 |  | IT-Devel | IT01 | 2002-01-30 00:00:00 | New Credit Requirements are causing significant changes to credit calculation system.  Changes identified as Day 1 requirements by UBS will result in significant changes in internal credit calculation system, such that it will not be possible to accommoda | Discussions underway between IT, UBSWenergy credit and UBS credit.  Rollout scheduled for 3/4/02 | [NAME] |  |  | Impact Medium
3 |  | IT-Devel | IT02 | 2002-01-30 00:00:00 | F/X data flows and hedging procedures need to be defined.  Proposed f/x processes are not consistent with current UBSWenergy/UBS system functions. Procedures and data flows need to be defined to ensure accurate f/x hedging. | Meeting required between UBSWenergy commercial f/x trader and between UBSWenergy and UBS IT development   If new processes are not defined, f/x hedging will be inaccurate |  |  |  | Impact Medium
4 | CP34 | Ops | OP01 | 2002-01-30 00:00:00 | Counterparty set up and verification required for Global Counterparty Database to trade.  (Need 24 hour lead time before Day 1). | Require a list of Day 1 counterparties to ensure correct set up in static data  (GCP) and settlement systems (unify). | DOCUMENTATION   [NAME] | D1      2/8/2002 |  | Data for 168 C/P's verified in GCP; 37 C/P's approved by UBS credit - Ops waiting for list to activate. | In progress.
4 | CP35 | Ops | OP02 | 2002-01-30 00:00:00 | Contract set up required for Global Contract Database to trade.  (Need 48 hour lead time before Day 1) | Require clarification as to whether new entity will trade with clients that have ISDA’s or whether former EOL GTC type contracts will be accepted. | DOCUMENTATION/ LEGAL, [NAME] | D1      2/8/2002 |  | Legal to finalize contracts and/or GTC’s. | Open
4 | CP73 | Ops | OP03 | 2002-01-30 00:00:00 | Assure necessary equipment is available and ready for confirmations/settlements. | Require clarification as to what equipment, leases, etc., are included in the purchase agreement and available for UBS Warburg Energy LLC’s use. | [NAME] | D1      2/1/2002 |  | D1 - one dedicated fax in place, 3 additional fax machines tagged to be moved to 5th floor post Day 1. | Closed
4 | CP36 | Ops | OP04 | 2002-01-30 00:00:00 | Notify clients of new standard settlement instructions. | Banking and contact information must be established prior to informing customers. | SETTLEMENTS   [NAME] | D1      2/11/2002 |  | Legal to provide appropriate logo and letterhead.  [NAME] communication to be submitted to Legal for approval 2/6/02. | In progress.
4 | CP37 | Ops | OP05 | 2002-01-30 00:00:00 | Confirmation policy and practices to be established. | Credit/Legal to provide Policy and Confirmation methods for trades done online versus short dated insurance trades versus longer dated trades. | LEGAL/ DOCUMENTATION   [NAME] | D1      2/8/2002 |  | Legal decision required.  Ops to be included in discussions. | In progress.
4 | CP38 | Ops | OP06 | 2002-01-30 00:00:00 | Credit/Legal to sign off on standard confirm templates. |  | DOCUMENTATION/ LEGAL, [NAME] | D1      2/8/2002 |  | Legal review required. | Open
4 |  | Ops | OP07 | 2002-01-30 00:00:00 | Document Imaging System required for business restart. | [NAME] confirmation from IT that the license for “LiveLink” (the document imaging, and archiving system) is transferable to the new entity.  Furthermore, confirmation is required that all licensed software for all other applications is transferable. | DOCUMENTATION  [NAME] | D1      2/5/2002 |  | Per [NAME], new entity will have 60-day grace period during which existing license can be used.  New licensing agreements are being negotiated. | Closed
4 | CP39 | Ops | OP08 | 2002-01-30 00:00:00 | Establish new signing authorities and create the necessary POA’s.  Furthermore, confirm the use of electronic signatures in the confirmation dispatch process. | Received & reviewed UBS Warburg CK Operations-Authorization Signing Policies.  Policy approves electronic signatures. | DOCUMENTATION/ LEGAL, [NAME], [NAME] | D1      2/5/2002 |  | POA's and 2nd signatory line outstanding. | Open
4 | CP74 | Ops | OP09 | 2002-01-30 00:00:00 | Legal/Compliance to confirm document retention and storage policy and local management to alter procedures to implement. | Review UBS retention policy. | UBS/ DOCUMENTATION | D1      2/11/2002 |  | UBS to provide policy for review on 2/11/02. | In progress.
4 | CP75 | Ops | OP10 | 2002-01-30 00:00:00 | Source feeds needed for interest rate curves to run risk books. | Currently, Infinity provides interest rate curve source data for the EnPower and ERMS Systems – it is understood that Infinity is not included in the system transfer? | RISK/UBS   [NAME] | D1      2/7/2002 |  | UBS data feed for curve to be tested 2/7/02. | In progress.
4 | CP42 | Ops | OP11 | 2002-01-30 00:00:00 | Require new market data services contracts to source data feeds feeding into the deal capture and risk systems. |  | RISK/RATES   [NAME] | D1      2/7/2002 |  | Confirm data feeds outside gas & power. | In progress.
4 | CP76 | Ops | OP12 | 2002-01-30 00:00:00 | Bank accounts to be funded on Day 1 and POA's established. |  | UBS  [NAME] | D1      2/5/2002 |  | Accounts opened; funding mechanism in place. | Closed.
4 | CP77 | Ops | OP13 | 2002-01-30 00:00:00 | Require a new logo for loading into confirmation system. |  | DOCUMENTATION   [NAME] | D1      2/7/2002 |  | UBS Legal to provide logo. | Open
4 | CP43 | Ops | OP14 | 2002-01-30 00:00:00 | Need to get KeyLink installed and staff trained in Houston to facilitate cash clearing.  (Current infrastructure, treasury workstation, not migrating.). |  | [NAME] | D1      2/8/2002 |  | Installation scheduled 2/7; training to follow; server requirements being coordinated with [NAME] (IT Infrastructure) | In progress.
4 | CP44 | Ops | OP15 | 2002-01-30 00:00:00 | Need to build reconciliation’s between KeyLink and SAP. |  | OPERATIONS   Vito Sabatelli/[NAME] | D1      2/8/2002 |  | IT help needed. | In progress.
4 | CP48 | Ops | OP16 | 2002-01-30 00:00:00 | Need to establish a procedure for daily cash management. |  | TREASURY/ OPERATIONS   [NAME] | D1      2/5/2002 |  | D1 - one dedicated fax in place, 3 additional fax machines tagged to be moved to 5th floor post Day 1. | Closed
4 | CP79 | Ops | OP17 | 2002-01-30 00:00:00 | Operations to sign off on front to back testing process following system database split. |  | [NAME] | D1      2/7/2002 |  | Critical that building churn schedule does not interfere with final testing dates. | In progress.
4 | CP45 | Ops | OP18 | 2002-01-30 00:00:00 | Establish dedicated fax line for confirmations for Day 1 business |  | CONFIRMATIONS/ SETTLEMENTS  [NAME] | D1      2/7/2002 |  | Fax lines established.  To be tested 2/7. | In progress.
4 | CP80 | Ops | OP19 | 2002-01-30 00:00:00 | Set up new cash accounts and lock box. | Determine # needed. | TREASURY/ OPERATIONS   [NAME] | D1      2/5/2002 |  | Three (3) bank accounts for trade settlements and 1 for margining established; no lock box required - all checks to be sent to Stamford.  Decision made and executed on separate bank account for financial deriatives settlements. | Closed
4 | CP81 | Ops | OP20 | 2002-01-30 00:00:00 | NYMEX clearing arrangement to be established and accounts opened. |  | UBS  [NAME] | D1      2/5/2002 |  |  | In progress.
4 |  | Ops | OP21 | 2002-01-30 00:00:00 | Assure necessary equipment is available and ready for gas scheduling. | Laptops, cellular phones, pagers and other equipment needed to conduct business remotely will be needed to schedule physical gas (these exist but are they transferable to UBS?). | OPERATIONSSally Beck/Bob Superty | 2002-02-08 00:00:00 |  | Superty completed inventory; decision still needed on transfer of equipment to UBS. | In progress.
4 |  | Ops | OP22 | 2002-01-30 00:00:00 | To trade the physical gas business,  the pipeline contracts must be established.  This requires 1) the name of the contracting entity, and 2) a standard UBS credit package | [NAME] to provide an example of most demanding credit requirements. Copies of all credit applications are available for review.  Agency agreements now required with decision on Legal entity. | Logistics regional managers, [NAME], [NAME] (Gov’t Affairs). UBS Legal input for execution and contract review is required. TPA setup and testing will be lead by [NAME] with IT support. | Process will begin once final approval is received. Most likely a minimum of 2 weeks per pipe will be required to get executed contracts. |  | UBS Credit reviewing proposed pipelines.  UBS info and/or credit package to be created for ideal send to pipes on 2/11/02.  UBS Attorney to be on the ground in Houston starting 2/11/02 to work on pipeline agreements. | In progress.
4 |  | Ops | OP23 | 2002-01-30 00:00:00 | This requires 1) the name of the contracting entity, 2) a standard UBS credit package, and 3) Duns number  To trade physical gas, new Trading Partner Agreements must be established. | [NAME] to negotiate new trading partner agreements so that new [NAME] numbers can be set up to use; especially when communicating with pipelines using EDI. | Logistics regional managers, [NAME], [NAME] (Gov’t Affairs). UBS Legal input for execution and contract review is required. TPA setup and testing will be lead by [NAME] with IT support. | Process will begin once final approval is received. Most likely a minimum of 2 weeks per pipe will be required to get executed contracts. |  | Dependency:  UBS Credit & Legal.  All relevant information pulled for each pipeline. Legal team has reviewed TPA’s and provided comments. | In progress.
4 | CP40 | Ops | OP24 | 2002-01-30 00:00:00 | [NAME] set up of an OBS terminal on the desk to facilitate the risk management and settlement of interest rate derivative transactions traded to hedge basis risk. |  |  |  |  |  | In progress.
4 |  | Ops | OP25 | 2002-01-30 00:00:00 | Review current Global Facilities pipeline data. Add new data, correct inconsistent or inaccurate data reqarding pipeline points, trading locations, meter names and numbers in new environment. | Meeting and review with Global Facilities team identify changes required, determine process for reviewing and forwarding necessary information. | Logistics regional desk managers ([NAME], [NAME], [NAME], [NAME]). [NAME] to lead. | Meeting scheduled for 1/29/02. Changes can only be made in new trading environment to avoid corrupting estate deals. |  | Not critical, however accuracy of data simplifies pipeline scheduling and volume management actualization process. | In progress.
4 |  | Ops -Canada | OP26 | 2002-01-30 00:00:00 | To trade the physical gas business, the pipeline transportation contracts and/or user agreements must be executed.  This requires 1) the name of the Canadian contracting entity, 2) a standard UBS credit package for the contracting entity, and 3) a Duns nu | [NAME] has provided copies of all credit requirements, and pipeline application forms for requests for service.  [NAME] will initiate new customer user agreements and requests for service with pipelines. Obtain a Duns number for the Canadi | Peggy Hedstrom & Logistics, [NAME] (Gov’t Affairs). UBS Legal input for execution and contract review is required. [NAME] will coordinate with [NAME] on Duns number.  Nominations testing will be led by [NAME] with IT support. | Process will begin once final approval is received. We expect a minimum of 3 – 5 business days   will be required to get executed contracts |  | Not critical, assuming no physical business on Day 1.  However, process must begin immediately as day gas trading in Alberta is likely to resume relatively quickly.     Dependency:  UBS Credit & Legal.  All relevant information pulled for each pipeline. Legal team has reviewed. | In progress.
4 |  | Ops -Canada | OP27 | 2002-01-30 00:00:00 | Counterparty set up and verification.  (Need 24 hour lead time before Day 1) | Require a list of Day 1 counterparties to ensure correct set up in static data  (GCP) and settlement systems (Unify). | DOCUMENTATION  [NAME] (Houston) & Nikole Vander Velde | D1 2/5/02 |  | Credit to supply CP list to Operations. | Open
4 |  | Ops -Canada | OP28 | 2002-01-30 00:00:00 | Set up of Contracts/GTC’s.  (Need 48 hours lead time before Day 1) | Require clarification as to whether new entity will trade with clients that have ISDA’s or whether former EOL GTC type contracts will be accepted. | DOCUMENTATION/  LEGAL  [NAME], [NAME] [NAME] | D1 2/5/02 |  | Legal to finalize contracts and/or GTC’s. | Open
4 |  | Ops -Canada | OP29 | 2002-01-30 00:00:00 | Assure necessary equipment is available and ready for confirmations/settlements. | Require clarification as to what equipment, leases, etc., is included in the purchase agreement and available for the Canadian entities’ use. | Peggy Hedstrom & IT | D1 2/1/02 |  | Access to Houston faxsys server is critical for Calgary autofaxing.  Equipment agreed upon. | In progress.
4 |  | Ops -Canada | OP30 | 2002-01-30 00:00:00 | New entity to publish new standard settlement instructions and to notify clients before trading commences. (Cdn$ and US$ accounts) | Banking and contact information must be established prior to informing customers. | TREASURY  [NAME] supervising the set-up of a Cdn$ and US$ account. | D1 2/5/02 |  | Legal to provide appropriate logo and letterhead for Canadian entity. | Open
4 |  | Ops -Canada | OP31 | 2002-01-30 00:00:00 | Credit/Legal to provide Policy and Confirmation methods for trades done online versus short dated trades versus longer dated trades. | Calgary will contact with [NAME] to discuss results of meeting with Legal 1/28/02. We will review policy and revised ETA with Canadian legal counsel. | LEGAL/  DOCUMENTATION  [NAME] | D1 2/5/02 |  | Legal decision required Ops to be included in discussions. | Open
4 |  | Ops -Canada | OP32 | 2002-01-30 00:00:00 | Credit/Legal to sign off on standard confirm templates. |  | LEGAL/  DOCUMENTATION  [NAME] | D1 2/5/02 |  | Legal review required - IT | Open
4 |  | Ops -Canada | OP33 | 2002-01-30 00:00:00 | Assure necessary equipment is available and ready for gas scheduling. | Laptops, cellular phones, pagers and other equipment needed to conduct business remotely will be needed to schedule physical gas (these exist but are they transferable to UBS?) | OPERATIONS  [NAME] | D1 2/5/02 |  | Hedstrom completed inventory; decision needed on transfer of equipment to UBS. | In progress.
4 |  | Ops -Canada | OP34 | 2002-01-30 00:00:00 | Document Imaging System required for business restart | [NAME] confirmation from IT that the license for “LiveLink” the document imaging and archiving system is transferable to the new entity.  Furthermore, confirmation is required that all licensed software for all other applications is transferable. | DOCUMENTATION  [NAME] | D1 2/5/02 |  | Per [NAME], new entity will have 60-day grace period during which existing license can be used.  New licensing agreements are being negotiated. | Closed
4 |  | Ops -Canada | OP35 | 2002-01-30 00:00:00 | Establish new signing authorities and create the necessary POA’s.  Furthermore, confirm the use of electronic signatures in the confirmation dispatch process. | Received & reviewed UBS Warburg CK Operations-Authorization Signing Policies.  Policy approves electronic signatures. | LEGAL/  DOCUMENTATION  [NAME] | D1 2/5/02 |  | IT to add 2nd signatory line to confirmation templates as required by UBS policy. | In progress.
4 |  | Ops -Canada | OP36 | 2002-01-30 00:00:00 | Legal/Compliance to confirm document retention and storage policy and local management to alter procedures to implement. | Review UBS retention policy. | LEGAL/DOCUMENTATION Peter Keohane & Peggy Hedstrom | D1 2/5/02 |  | UBS to provide policy for review. | Open
4 |  | Ops -Canada | OP37 | 2002-01-30 00:00:00 | [NAME] set up of an OBS terminal on the desk to facilitate the risk management and settlement of interest rate derivative transactions traded to hedge basis risk. |  |  |  |  |  | Open
4 |  | Ops -Canada | OP38 | 2002-01-30 00:00:00 | Currently, Infinity provides interest rate curve source rata for the EnPower and ERMS Systems – it is understood that Infinity is not included in the system transfer? (have used Canadian Banker’s Acceptances curve rather than LIBOR)  Also need to be able | Confirm ability to get interest rate curves, f/x rate curves and BA rates into Enpower & ERMS.  Determine process for capturing and valuing currency trades. | RISK  Brian Gillis & Kathy Reeves | D1 2/5/02 |  | FX rate also needs to feed into CPR reports. | In progress.
4 |  | Ops -Canada | OP39 | 2002-01-30 00:00:00 | Require new market data services contracts to source data feeds feeding into the deal capture and risk systems. | Confirm that all relevant Canadian data is included. | RISK/RATES  [NAME]Kathy Reeves | D1 2/5/02 |  | Critical. | In progress.
4 |  | Ops -Canada | OP40 | 2002-01-30 00:00:00 | Bank accounts to be funded on Day 1 and POA's established. |  | UBS  [NAME] | D1 2/5/02 |  |  | In progress.
4 |  | Ops -Canada | OP41 | 2002-01-30 00:00:00 | Require a new logo for loading into confirmation system. |  | UBS  Legal/IT/Operations | D1 2/5/02 |  |  | Open
4 |  | Ops -Canada | OP42 | 2002-01-30 00:00:00 | Need to get KeyLink installed and staff trained in Calgary to facilitate cash clearing.  (Current infrastructure, treasury workstation, not migrating.) |  | [NAME] | D1 2/8/02 |  | IT – Server space needed.  Installation scheduled 2/6; training to follow; server requirements being coordinated with [NAME] (IT Infrastructure) | In progress.
4 |  | Ops -Canada | OP43 | 2002-01-30 00:00:00 | Need to build reconciliation’s between KeyLink and SAP. |  | IT/OPERATIONS  Vito Sabatelli/[NAME] | D1 2/8/02 |  |  | In progress.
4 |  | Ops -Canada | OP44 | 2002-01-30 00:00:00 | Need to establish a procedure for cash management. |  | TREASURY/OPERATIONS  [NAME] | D1 2/5/02 |  |  | Closed
4 |  | Ops -Canada | OP45 | 2002-01-30 00:00:00 | Operations to sign off on front to back testing process following system database split. |  | [NAME] | D1 2/7/02 |  |  | Open
4 |  | Ops -Canada | OP46 | 2002-01-30 00:00:00 | Establish dedicated fax line for confirmations for Day 1 business. | Determine # of machines needed and ownership of existing machines. | CONFIRMATIONS/  SETTLEMENTS  [NAME],  [NAME], & [NAME] | D1 2/5/02 |  |  | In progress.
4 |  | Ops -Canada | OP47 | 2002-01-30 00:00:00 | Set up new cash accounts. | Need Cdn$ and US$ accounts at bank in Canada. | TREASURY  [NAME] | D1 2/5/02 |  |  | In progress.
4 |  | Ops -Canada | OP48 | 2002-01-30 00:00:00 | Review current Global Facilities pipeline data. Add new data, correct inconsistent or inaccurate data reqarding pipeline points, trading locations, meter names and numbers in new environment. | Calgary global & logistics team will meet and review that all needed trading points are set up in Global Facilities. Team will identify changes required, determine process for reviewing and forwarding necessary information.  Will confirm that our process | [NAME], Liz Prior & Dianne Ripley | D1 2/5/02 |  | Not critical however accuracy of data simplifies pipeline scheduling and volume management actualization process. | In progress.
4 |  | Ops -Canada | OP49 | 2002-01-30 00:00:00 | Establish process for handling currency trades done with UBS Warburg. | Establish process for confirmations, settlements, daily valuation for MTM reporting purposes, and daily positions. | Confirmations – Documentation & Legal -  Dianne Seib  Settlements – [NAME]Valuation & positions – Kathy Reeves & Brian Gillis | D1 2/6/02 |  | Need to know the appropriate contact within the UBS organization to discuss this.   Preliminary spec document was sent to IT ([NAME]) on daily valuation requirements. | In progress.
5 | CP09 | CRC | CRC09 | 2002-01-23 00:00:00 | Feeds required to RXM and XCOLL | Retention of key UBSWE risk IT and IT development required to meet CRC specifications - Incremental IT personnel will be required to meet CRC/MRC day 1 needs      Target Completion Date 11 February | [NAME], [NAME] | D1
5 | CP10 | CRC | CRC10 | 2002-01-23 00:00:00 | Product risk measurement and limit structure: Establish GRV plus add-on methodology, MLE and settlement risk. | Target completion date 11 February | [NAME], [NAME] | D1
5 | CP11 | CRC | CRC11 | 2002-01-23 00:00:00 | Define and agree on initial list of counterparties and set respective credit limits | Target completion date for the initial counterparty list is 29 January and credit limits 7 February | [NAME] | D0/D1
5 | CP12 | CRC | CRC12 | 2002-01-23 00:00:00 | Assignment/rotation of UBSW CRC personnel in Houston needs to be determined |  | [NAME], [NAME] | D1 |  |  | Completed
5 |  | CRC | CRC13 | 2002-01-23 00:00:00 | Establish pre-trade limit checking methodology |  | [NAME], [NAME] | D1 |  |  | Removed from Crit Path
5 | CP15 | CRC | CRC15 | 2002-01-23 00:00:00 | Completion of new trader training/orientation | Target completion date 8 February | [NAME][NAME] | D1
5 | CP16 | Bus/HR/CRC | CRC16 | 2002-01-23 00:00:00 | Delivery of trader 1st day packages |  | Colette Dow             [NAME] | D1
5 |  | CRC | CRC17 | 2002-01-23 00:00:00 | System capture for trade approval |  | [NAME], [NAME]
5 |  | CRC | CRC18 | 2002-01-23 00:00:00 | CRC decision on appropriate coverage for municipalities |  | [NAME], [NAME]
5 |  | CRC | CRC19 | 2002-01-23 00:00:00 | Completion of orientation for new UBSW COs |  | [NAME], [NAME]
5 |  | CRC | CRC01 | 1/18102 | Need high speed access for laptops or GDIPs on trading floor where Credit will be sitting (details see [NAME]). |  | IT
5 |  | CRC | CRC02 | 1/18102 | Timing of production and distribution of standard legal templates physical trading |  | [NAME]
5 |  | CRC | [NAME] | 1/18102 | Plan from legal to trade without executed doc.  Will legal provide opinion on level of comfort on both forms of General Terms and Conditions which are in EOL. |  | [NAME]
5 |  | CRC | CRC04 | 1/18102 | The business needs to understand limited # of counterparties for day 1 | Lists of products and counterparties will be created for Day 1 | [NAME] D. Forster
5 |  | CRC | CRC05 | 1/18102 | Counterparty set up requires [NAME] conversion or input |  | IT/Ops
5 |  | CRC | CRC06 | 1/18102 | Action plan for Collateral Management |  | Ops
5 |  | CRC | CRC07 | 1/18102 | What is the role of the Global Contracts Group going forward?  Credit requires review of contracts going forward to ensure compliance with Credit rule.
5 |  | CRC | CRC08 | 1/18102 | Need client agreements in place by D1 |  | CRM |  |  | Same As CP 30
5 |  | CRC/Ops | CRC14 | 2002-01-23 00:00:00 | Specifics of account opening and vetting process needs to be determined |  | [NAME], DMAC |  |  | Not Critical Path
5 | CP82 | CRC/Ops | CRC | 2002-02-01 00:00:00 | Establish GCP and Masterfile account opening process |  | [NAME][NAME] | D1
5 | CP83 | CRC/Legal | CRC | 2002-02-01 00:00:00 | Legal to establish acceptable form of counterparty guarantee. | A large proportion of the day 1 counterparty names have done business exclusively with the presence of a guarantee.  The day 1 counterparty list will be dramatically reduced if executed guarantees are not in place. | [NAME] | D1
6 | CP01 | MRC | MRC02 | 2002-01-23 00:00:00 | Integrate UBSWE into UBSW global reports (VaR 10D99: $ and CHF) |  | [NAME]    [NAME][NAME][NAME] | D1
6 | CP02 | MRC | MRC03 | 2002-01-23 00:00:00 | Local Reports – coordinate and redesign with business.  Needs to include 10D99, 1D99 and 1D95.  Also VaR, Stress, RFL, Operational Limits, P&L, Top 10 Positions |  | [NAME]    [NAME][NAME][NAME] | D1
6 | CP03 | MRC | MRC04 | 2002-01-23 00:00:00 | Review backtesting methodology and integrate into global reporting. |  | [NAME] | D1
6 | CP04 | MRC | MRC05 | 2002-01-23 00:00:00 | Global VaR, Stress (establish scenarios), and operational limits (option greeks, tenors; liquid points; Yr 1 – Rev/VaR targets, Yr 2 – EBIT/VaR targets) |  | [NAME]    [NAME] | D1
6 | CP05 | MRC | MRC06 | 2002-01-23 00:00:00 | Determine criteria for trade pre-approval, new business and TRPA. |  | [NAME] | D1
6 | CP06 | MRC | MRC07 | 2002-01-23 00:00:00 | Agree with trading desk a complete universe of pre-approved trades by product type, tenor, size and general procedures to follow for all other trades. |  |  | D1
6 | CP08 | MRC | MRC09 | 2002-01-23 00:00:00 | Manage EBK model approval and capital calculation communication.  Meeting with EBK expected on February 7th. |  | [NAME]    [NAME]        [NAME] | D1
6 | CP67 | MRC/CRC/BUC | MRC10 |  | Establish working relationship and coordinate all key activities with BUC, Credit and operations, legal.  Continue daily dialogue and set up a joint session with CRM/BUC to determine areas of mutual concern. |  | [NAME],  [NAME],  [NAME], [NAME],  [NAME],   [NAME] | D1
6 | CP68 | MRC/CRC/BUC | MRC11 |  | Review independent pricing sources and risk explanatories with BUC, possible system glitches with operations and valuation consistencies with credit risk. |  | [NAME][NAME][NAME][NAME] | D1
6 |  | MRC | [NAME] | 2002-01-23 00:00:00 | Proposal to combine energy VaR exposures with financial VaR.  Analysis based on natural gas and Enron power data vs SPX and swap rates.  1 day and 10 day returns analyzed over 10 years. |  |  | D1
7 | CP46 | FCD/Legal/ Compliance | FCD15 | 2002-01-23 00:00:00 | Need final intepretation of regulatory requirements on Canadian Novational process between new Canadian entity and UBS London Branch |  | Per [NAME]
7 | CP47 | FCD | FCD16 | 2002-01-23 00:00:00 | Finalize accounting / reporting issues with Canadian Novational process between new Canadian entity and UBS London Branch |  | Per Dyrvik [NAME]
7 | CP48 | FCD/Legal | FCD17 | 2002-01-23 00:00:00 | Creation of new legal entities in Canada -- 2 are required for operation in Canada |  | Per [NAME]
7 | CP49 | FCD | FCD18 | 2002-01-23 00:00:00 | Need to determine how Payroll process will link into new entity |  | Per Dyrvik [NAME]
7 | CP50 | FCD | FCD19 | 2002-01-23 00:00:00 | Agree invoicing format for billing from/to Enron Estate to/from UBS Warburg USA LLC |  | Per Dyrvik [NAME]
7 | [NAME] | FCD | FCD20 | 2002-01-23 00:00:00 | Agree method, process and level of support required for billings of services Enron Estate provides to UBS Warburg USA LLC |  | Per Dyrvik [NAME]
7 | CP52 | FCD/Ops | FCD21 | 2002-01-23 00:00:00 | Need to ensure proper Cash accounts are opened for all legal entities and all activities within each legal entity |  | Per Dyrvik  [NAME]
7 | CP53 | FCD | FCD22 | 2002-01-23 00:00:00 | Finalize basis of fee charged for Hart-Scott-Rodino filing |  | Per Dyrvik [NAME]
7 | CP54 | FCD | FCD23 | 2002-01-23 00:00:00 | Determine effective date of hire (on Payroll as of date) for employees - U.S. Employees | Payroll for UBS Warburg Energy LLC employees will commence on 16 February.  If applicable a decision must be made on treatment of the stub period. | Per Dyrvik [NAME] |  |  | Need to address Canadian entity payroll issue separately
7 | CP55 | FCD | FCD24 | 2002-01-23 00:00:00 | Orientation of new hires to discuss various issues such as FICA restart, Direct Deposit, Pay dates, earning statements, etc |  | Per Dyrvik [NAME]
7 | CP56 | FCD/Premises | FCD25 | 2002-01-23 00:00:00 | No sublease for Gas & Power space on 5th & 6th floor.  A sub-lease agreement needs to be negotiated with the Enron Estate in the name of UBS Warburg USA LLC or UBS Warburg Energy LLC |  | Per Dyrvik    Markus Buergler
7 | CP57 | FCD | FCD26 | 2002-01-23 00:00:00 | Determine/finalize production of daily [NAME] to support Royalty agreement |  | Per Dyrvik   [NAME]
7 | CP58 | FCD | FCD27 | 2002-01-23 00:00:00 | Finalize project accounting treatment -- what costs should be included and how will they be booked |  | Per Dyrvik   [NAME]
7 | CP59 | FCD | FCD28 | 2002-01-23 00:00:00 | Explore use of netting function housed within Unify for reporting purposes |  | Per Dyrvik   [NAME]
7 | CP60 | FCD | FCD29 | 2002-01-23 00:00:00 | Determine where (which entity) the royalty payment will be booked |  | Per Dyrvik   [NAME]
7 | CP61 | FCD | FCD30 | 2002-01-23 00:00:00 | Determine where (which entity) the royalty payment will own Royalty payment for Tax purposes |  | Per Dyrvik   [NAME]
7 | CP62 | FCD | FCD31 | 2002-01-23 00:00:00 | Separation of FCD BUC responsibilities from Operations |  | Per Dyrvik   [NAME]
7 |  | FCD | [NAME] | 2002-01-18 00:00:00 | Need to identify legal entity name in Canada to properly set up in SAP. |  | Business
7 |  | FCD | FCD07 | 2002-01-18 00:00:00 | C. Dow requested that MANACS structure be reviewed with FCD. |  | C. Dow/FCD
7 |  | FCD | FCD08 | 2002-01-18 00:00:00 | FCD needs to understand premise costs and process.  [NAME] will review premise contract. |  | CRE
7 |  | FCD | FCD09 | 2002-01-18 00:00:00 | UBSW Energy LLC must be a clean company for calculation purposes; no IAs, etc. can be housed in this company. |  | P. Dyrvik/[NAME]
7 |  | FCD - Payables | FCD10 | 2002-01-17 00:00:00 | Currently Enron’s Payables are outsourced to a 3rd Party vendor -  Source Net – for Gas and Power business this must stop and all invoices processed in Stamford. | All Invoices need to be split between Gas and Power versus Enron Estate businesses | [NAME]
7 |  | FCD - Payables | FCD11 | 2002-01-17 00:00:00 | Source Net – need to review contact for cancellation clauses. |  | [NAME]
7 |  | FCD - Payables | FCD12 | 2002-01-17 00:00:00 | Vendor notification for splitting all invoices between Gas and Power versus all other businesses. |  | [NAME]
7 |  | FCD | FCD13 | 2002-01-17 00:00:00 | Our method is business amex cards, or pay the estate. |  | FCD
7 |  | FCD | FCD14 | 2002-01-17 00:00:00 | Telephony bills and are they split out and does all this billing get split on day 1. |  | FCD
8 |  | CRE | CRE01 | 2002-01-17 00:00:00 | No sublease for Gas & Power space on 5th & 6th floor. | CRE needs to negotiate a sub-lease agreement with Enron Estate.  Contact established.  [NAME] copy expected to be received today to intiate review process. | [NAME]
8 |  | CRE | CRE02 | 2002-01-17 00:00:00 | Access to the data center and various locations including: Wire closets , Telecoms rooms, Office floors, Trading floors, Food & Catering facilities, Power facilities, roof/basement  and physical security monitoring & camera rooms is required |  | [NAME]
8 |  | CRE | CRE03 | 2002-01-17 00:00:00 | Space will need to be segregated as feasible for: moving Enron parties off of UBS floor, Re-keying locks, Building partitions, moving servers and racks within the data center, building cages within the data center. |  | [NAME]
8 |  | CRE | CRE04 | 2002-01-17 00:00:00 | Ensure Enron will provide sufficient power, heating, cooling, conditioning and  UPS to UBS to maintain data center and trading operations 7x24x365basis(except to the extent covered by a  lease) |  | [NAME]
8 |  | CRE | [NAME] | 2002-01-17 00:00:00 | Need to restart of trash services on our floors. |  | CRE
8 |  | CRE | CRE06 | 2002-01-17 00:00:00 | Make sure no people are co-mingled on trading floor. |  | CRE
8 |  | CRE | CRE07 | 2002-01-24 00:00:00 | Defining/Confirming Premises Needs: | Obtain acceptance list and current location;  [NAME] all other premises program issues;   HR list requested;   We are working with user rep's to define needs ( [NAME] and others). | CRE
8 |  | CRE | CRE08 | 2002-01-24 00:00:00 | Review ongoing premises planning prior to implementation | Planned construction work for new offices on 6th being reviewed. | CRE
8 |  | CRE | CRE09 | 2002-01-24 00:00:00 | Coordination with Enron Premises Team for assisting us as needed | Contact with Enron Property & Service Corp. established ([NAME] and others). | CRE
9 | CP63 | Security Risk | SR01 | 2002-01-23 00:00:00 | Adequate control of accounts and privileged access for the new infrastructure. | On target | [NAME] | D1 |  | Not a showstopper currently on security risk watch list
9 | CP64 | Security Risk | [NAME] | 2002-01-23 00:00:00 | Segregation of the networks from the Old Enron network, there will be some control and close monitoring over the first few days to ensure we are content we have adequate control. | Network Segregation may not be completely achieved but there will be adequate control.No issue here | [NAME] | D1 |  | Not a showstopper currently on security risk watch list
9 | CP65 | Security Risk | SR03 | 2002-01-23 00:00:00 | Shared use of the Enron facility and consequently control of access to the trading floor. | Adequate control is planned. | [NAME] | D1 |  | Not a showstopper currently on security risk watch list
9 |  | Regional Security | SEC01 | 2002-01-17 00:00:00 | Ensure that Enron continues to provide base building security. Ensure that Enron continues to provide physical security presence contracted guards and Houston PD) for all three datacenters(34th [NAME], 9th Floor South Tower, [NAME]). | SLA must be developed with Enron and a contract with the Houston PD to continue coverage. | Regional Security/Legal | TBD |  |  | Open
9 |  | Regional Security | SEC02 | 2002-01-17 00:00:00 | Regional Security must conduct employee background investigations on all new hires. | Obtain completed new hire application forms and all necessary signed disclosures/authorizations forms from Human Resources . | Human Resources/Regional Security | TBD |  | Awaiting applications | Open
9 |  | Regional Security | SEC03 | 2002-01-17 00:00:00 | New Hire Orientation-Brief Security Overview | Information provided to Human Resources | Human Resources/Regional Security | 1/21& 1/22/02 |  |  | In process
9 |  | Regional Security | SEC04 | 2002-01-17 00:00:00 | Employee identification cards produced and issued for all new hires. | Coordination with the current physical guard company on site. Obtain list of all new hires from Human Resources. Production of all cards and issuance. | Human Resources/Regional Security | TBD(Day 1) |  | Obtaining a list for Human Resources on a timely basis is critical.  It will take approximately 4 days to produce 600 employee identification cards. | Open
9 |  | Regional Security | SEC05 | 2002-01-17 00:00:00 | Hire a contract guard force to cover all UBS Warburg space. | Obtaining space planning form Corporate Real Estate for the location of all UBS employees. Develop a security services contract to cover all UBS space. | Regional Security | TBD |  | A meeting has been held with Pinkerton Incorporated located in Houston, Texas to discuss providing security services for this location.  UBS Warburg currently utilizes Pinkerton Incorporated in all major locations. | In process
9 |  | Regional Security | SEC06 | 2002-01-17 00:00:00 | Document destruction program. | Set up a documentation destruction program in compliance with UBS Warburg's polices and procedures. | Regional Security | TBD(Day 1) |  | A meeting has been held with Shred-It Incorporated to discuss this program.  UBS Warburg currently utilizes Shred-It in New York, CT,  and LA.  Due to the sensitivity of this program all shredding will be conducted off site and observed by a contracted se | In process
9 |  | Regional Security | SEC07 | 2002-01-17 00:00:00 | Ensure all UBS Warburg space meets UBS Warburg Regional Security Standards relating to access control system, CCTV, card readers etc. | In coordination with CRE, Regional Security management will review all space prior to build out and develop a security concept for this new location.  This will include all security requirements to meet security standards. | Regional Security/CRE | TBD |  | A review of the lease agreement must be performed to determine the anticipated length of occupancy. | Open
9 |  | Regional Security | [NAME] | 2002-01-17 00:00:00 | Do we need physical security guys to visit Calgary and Portland? |  | Security
10 |  | Corp Comms | CC01 | 2002-01-17 00:00:00 | Determine what charitable contributions Enron may no longer be funding. Approach UBS community service dept about picking some of those obligations in the community. | Initial meeting took place.  Key issues are the Matching Gift Prog., and the contributions/community affairs programs which supports the Houston area.  Enron to provide figures on Matching gift usage and the impact of the lost of the contributions/communi | [NAME], [NAME]
10 |  | Corp Comms | CC02 | 1/18102 | Branding efforts need to be coordinated quickly.  On-line business to be operational D1 is closely tied to branding.  [NAME] and [NAME] will develop business/recommendation for naming convention.  This will be presented to the Transitional S |  | IT/ [NAME]
11 |  | TSC | TSC01 | 2002-01-17 00:00:00 | Need announcement of person in charge. |  | TSC
12 | CP70 | Bus/Legal | BUS02 |  | Develop a detailed list of products that can and cannot be traded Day 1. |  | Colette Dow       [NAME]
12 |  | Business | BUS01 | 2002-01-17 00:00:00 | Portland traders are planning on closing out Enron positions. |  | C.Dow
13 |  | PMO | PMO1 | 2002-01-17 00:00:00 | Set up overall communication plan for cascading information efficiently through the organization - chat channel, web page, hot line, escalation tree. |  | Program Office
14 | CP20 | Group Treasury | GT01 | 2002-01-23 00:00:00 | Amount of guarantee from parent to Canadian subsidiary | Market Risk is developing calculation | [NAME]       [NAME] |  |  | Amount greater than CHF 2.5 billion requires approval of GEB
14 | CP21 | Group Treasury | CT02 | 2002-01-23 00:00:00 | Capital funding lines to be determined for US entities |  | [NAME]       [NAME] |  |  | What will need to be funded out of the US? Payroll, T&E?
14 | CP66 | Compliance | [NAME] |  | SLA between London branch and UBSW Energy |  | [NAME] | D1
15 | CP69 | GCRO | GCRO01 |  | Group Chief Risk Officer New Business Approval |  | [NAME] | D1