Spreadsheet: mark_taylor__24730__legalreview2
Sheet: long descriptions

List of Product Types | Long Description Sentence for Product Type
Canada Natural Gas Financial Basis vs [NAME] | A Canadian Gas Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price, where the fixed price will be the settlement price for the last scheduled Trading Day of the NYMEX Henry Hub Natural Gas Futures Contract, in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
Canada Natural Gas Financial Swap | A Canadian Gas Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.
Canada Natural Gas Physical Basis vs Henry Hub Firm | A Canadian Gas Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of natural gas equal to the Daily Quantity at the Contract Price. The contract price is derived from the settlement price for the last scheduled Trading Day of the NYMEX Henry Hub Natural Gas Futures Contract and is adjusted by the transaction price.
Canada Natural Gas Physical Forward Firm | A Canadian Gas Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of natural gas equal to the Daily Quantity at the Contract Price.
Canada Natural Gas Physical Index Forward Firm | A Canadian Gas Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of natural gas equal to the Daily Quantity at the Contract Price. The contract price is derived from the index and adjusted by the transaction price.
United States of America Coal PRB 8800  Physical Forward | A US Coal Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of coal at the Contract Price. The transaction is for FOB Mine in the Powder River Basin located in the state of Wyoming and on the joint line that is served by Burlington Northern Santa Fe/Union Pacific rail lines. The transaction is for a calorific value of base 8,800 BTU/lb, net as received with a maximum sulphur content of 0.33%.
United States of America Coal PRB 8400  Physical Forward | A US Coal Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of coal at the Contract Price. The transaction is for FOB Mine in the Powder River Basin located in the state of Wyoming and on the joint line that is served by Burlington Northern Santa Fe/Union Pacific rail lines. The transaction is for a calorific value of base 8,400 BTU/lb, net as received with a maximum sulphur content of 0.33%.
United States of America Coal Nymex Physical Forward | A US Coal Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of coal at the Contract Price. The transaction is for NYMEX look-alike coal for delivery [NAME] at a delivery facility between Milepost 306 and 317 on the Ohio River or on the Big Sandy River. The transaction is for a calorific value of base 12,000 BTU/lb, net as received with a maximum sulphur content of 1%.
United States of America East Power Physical Forward Firm | A US Power Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of power equal to the Daily Quantity at the Contract Price. Delivery is on a firm basis.
United States of America SO2 EA ([NAME] dioxide) Physical Option | An Option Transaction under which the Option Buyer purchases a Call Option granting it the right in return for payment of the Premium to the Option Seller to buy from the Option Seller a quantity of SO2 emission allowances equal to the Designated Quantity at the Contract Price.  The Option Buyer shall pay the Premium to the Option Seller within two Business Days of the Transaction.  The Option Buyer may only exercise the Option on the Exercise Date, otherwise the Option will lapse.
United States of America SO2 EA ([NAME] dioxide) Physical Forward | A Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of SO2 Emission Allowances. The transaction is for SO2 Emission Allowances with the vintage year indicated as the vintage agreed for the transaction, however earlier vintages are acceptable at [NAME]'s choice.
United States of America N0x EA (Nitrogen Oxide) Physical Forward | A Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of NOx Emission Allowances. The transaction is for NOx Emission Allowances with the vintage year indicated as the vintage agreed for the transaction.
United States of America WTI Financial Swap | A US Crude Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America IPE Brent Financial Swap | A US Brent Swap Transaction under which the [NAME] pays a Floating Price and theBuyer pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Gasoline UNL Financial Swap | A US Unleaded Gasoline Swap Transaction under which the Seler pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity. The Transaction shall be arranged by Enron Capital & Trade Resources ("Enron").  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America No. 2 Heating Oil Financial Swap | A US Heating Oil Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America 1% Residual Fuel Oil Financial Swap | A US 1% Low Sulphur Fuel Oil Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America WTI Physical Forward | A US Crude Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of crude oil meeting NYMEX WTI domestic sweet crude oil specifications at the Contract Price. The commodity will be delivered on an FOB basis.
United States of America Brent Partials Physical Forward | A US Brent Partials Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of blended brent crude oil at the Contract Price. The commodity will be delivered on an FOB basis.
United States of America UNL Gasoline EFP Physical Forward | A US Gulf Coast Unleaded Gasoline Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of USGC Unleaded Gasoline at the Contract Price with deliveries occurring in the back half of each Colonial Cycle.  Counterparties agree to exchange futures at a mutually agreed upon differential to the Contract Price. The commodity will be delivered on an FOB basis.
United States of America No. 2 Heating Oil EFP Physical Forward | A US Gulf Coast Heating Oil Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of USGC Heating Oil at the Contract Price with deliveries occurring in the back half of each Colonial Cycle.  Counterparties agree to exchange futures at a mutually agreed upon differential to the Contract Price. The commodity will be delivered on an FOB basis.
United States of America Propane FOB Financial Swap | A US Propane Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Propane FOB Physical Forward | A US Propane Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of propane at the Contract Price. The commodity will be delivered on an FOB basis.
United States of America Purity Ethane Financial Swap | A US Purity Ethane Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Purity Ethane Physical Forward | A US Purity Ethane Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of purity ethane at the Contract Price. The commodity will be delivered on an FOB basis.
United States of America Natural Gas Financial Swap | A Swap Transaction under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Natural Gas Financial Option | An Option Transaction under which the Option Buyer has the right, in relation to the Option Seller, in return for payment of the Premium, to receive after proper exercise of the Option during the Exercise Period, the Cash Settlement Amount being, for a Put Option the Strike Price minus the Floating Price, in respect of the Notional Quantity, and for a Call Option the Floating Price minus the Strike Price in respect of the Notional Quantity.
United States of America Natural Gas Physical Forward Interruptable | A US Gas Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of natural gas equal to the Daily Quantity at the Contract Price.
United States of America Natural Gas Financial iFerc/Nymex Basis Swap | The transaction is a Financial Swap where the [NAME] pays the index price set by the Inside Ferc Gas Market Report in the section "Prices of spot gas delivered to Pipelines" under the heading ANR Pipeline Co. Louisiana (the "Floating Price") and the [NAME] pays the unweighted average of the closing settlement price of the last 3 settlement days of the underlying New York Mercantile Exchange Natural Gas contract (the "Fixed Price").  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Benzene FOB Physical Forward | A US ASTM 2359--500 ppm Max Toluene Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of benzene at the Specified Contract Price. The commodity will be delivered on an FOB basis.
United States of America Nitration Toluene FOB Physical Forward | A US ASTM 841 Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of Nitration Toluene at the Specified Contract Price. The commodity will be delivered on an FOB basis.
United States of America Mixed Xylene FOB Physical Forward | A US ASTM 5211--20 ppm [NAME] Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of [NAME] at the Specified Contract Price. The commodity will be delivered on an FOB basis.
United States of America Polypropylene - homo polymer general purpose grade Financial Swap | A US Plastics Swap Transaction for [NAME], homo polymer-general purpose grade under which the [NAME] pays a Floating Price and the other Party pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Linear low density polyethylene [NAME] film grade Financial Swap | A US Plastics Swap Transaction for linear low density polyethylene, butene film grade under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Ethylene monomer Financial Swap | A US Plastics Swap Transaction for ethylene monomer under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Chemical grade propylene Financial Swap | A US Plastics Swap Transaction for chemical grade propylene under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Pulp NBSK Financial Swap | A US Pulp Swap Transaction for Northern Bleached Softwood under which The [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper OCC Financial Swap | A US Paper Swap Transaction for #11 OCC under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper ONP Financial Swap | A US Paper Swap Transaction for #8 ONP under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper 34 LWC Financial Swap | A US Paper Swap Transaction for #5 34# LWC under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper 40 LWC Financial Swap | A US Paper Swap Transaction for #5 40# LWC under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper 50 Offset Financial Swap | A US Paper Swap Transaction for 50# [NAME] under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper SCA Financial Swap | A US Paper Swap Transaction for SCA Offset Rolls under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper 42 Financial Swap | A US Paper Swap Transaction for 42# [NAME] which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Paper 26 Financial Swap | A US Paper Swap Transaction for 26# medium under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Newsprint Financial Swap | A US Paper Swap Transaction for 48.8 gram newsprint under which the [NAME] pays a Floating Price and the [NAME] pays a Fixed Price in respect of the Notional Quantity.  Each calendar month during the term of the Transaction will be a Determination Period.
United States of America Heating Degree Day Financial Swap | A Transaction under which the Strike Amount Seller is obliged to pay the Payment Amount to the Strike Amount Buyer where the Floating Amount is above the Strike Amount, or where the Strike Amount Buyer is obliged to make a payment to the Strike Amount Seller where the Floating Amount is below the Strike Amount. The underying climatic condition of the Transaction is HDD which is equal to a reference base temperature less the Average Daily Temperature. The average daily temperature is quoted in degrees Celsius and calculated as (daily maximum plus daily minimum)/2.
United States of America Cooling Degree Day Financial Option | Legal to prepare these.
United States of America Cooling Degree Day Financial Swap | A Transaction under which the Strike Amount Seller is obliged to pay the Payment Amount to the Strike Amount Buyer where the Floating Amount is above the Strike Amount, or where the Strike Amount Buyer is obliged to make a payment to the Strike Amount Seller where the Floating Amount is below the Strike Amount.The underying climatic condition of the Transaction is HDD which is equal to the Average Daily Temperature less the reference base temperature.The average daily temperature is quoted in degrees Celsius and calculated as (daily maximum plus daily minimum)/2.
United States of America West Power Physical Forward NonCAL | A US Power Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of power equal to the Daily Quantity at the Contract Price. Delivery is on a firm basis.
United States of America Methanol FOB Physical Forward | A US ASTM D-1152 Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed quantity of Methanol at the Specified Contract Price.  The commodity will be delivered on an FOB basis.
United States of America West Power Physical Forward CALPX | A US Power Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of power equal to the Daily Quantity at the Contract Price. Delivery is on a firm basis.
United States of America West Power Physical Forward CALNPX | A US Power Transaction under which the [NAME] shall sell and the [NAME] shall purchase a quantity of power equal to the Daily Quantity at the Contract Price. Delivery is on a firm basis.