If I can build a product, I'm ready any time.  We can test it internally before we go live.  Let me know if I can build the product.

Thanks

 -----Original Message-----
From: 	Puthigai, Savita  
Sent:	Monday, May 07, 2001 7:54 AM
To:	'Crandall, Sean'; Meredith, Kevin
Cc:	Belden, Tim
Subject:	RE: Power spread

Hi Sean,

Do  you have any idea when you would feel comfortable getting the product out on EOL ?

 -----Original Message-----
From: 	Crandall, Sean [mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=D32B0C9F-1BAAA1FD-862565AE-765434@ENRON.com] 
Sent:	Thursday, May 03, 2001 12:07 PM
To:	Meredith, Kevin
Cc:	Puthigai, Savita; Belden, Tim
Subject:	Re: Power spread

Kevin

This looks like it will work.  Since there has been some confusion around this, I'll lay out what I think will happen with this language.

Assumption #1:

MC on EOL is 300 at 350.
COB is not displayed on EOL.

Product 1 is COB; Product 2 is MC

COB/MC Spread is 5 @ 10 on EOL

Situation #1
Customer lifts the COB/MC spread at $10.  Enron will then BUY the MC at $325 and SELL COB at $335.

Situation #2
Customer hits the COB/MC spread at $5.  Enron will then SELL the MC at $325 and BUY COB at $329.


This is how it should work.

I suggest we test things out now, and see how it works.

Thanks,

Sean