Done - sorry for the delay.



	Robert B Cass
	11/17/2000 05:11 PM
		 
		 To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H 
Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn 
Hagelmann/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT
		 cc: Karen Lambert/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie 
Sever/HOU/ECT@ECT, Robert Fuller/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Jason 
Althaus/Corp/Enron@Enron
		 Subject: NEW ENRONONLINE PRODUCT - PLEASE APPROVE

Your review and approval of the following product type in the EOL Datamanager 
is urgently needed (for directions on approval , please see steps for 
approval at the bottom of this e-mail).  

Trader :   Rob Fuller*-


Example:

US WTI Basis  Platts LLS            Jan01      USD/bbl

Physical Description :
New Product TypeCommodity:  
Product Type:   US Crude WTI Fin Basis Swap
Commodity: Crude Oil
Currency:     USD
Default UOM:   Barrels
Country:   USA

Financial Description (e.g):
A US Crude financial Swap Transaction with Enron North America Corp., under 
which either (A) for the case in which Counterparty submits an offer to buy 
from Enron, Counterparty shall pay the Fixed Price and shall receive the 
Floating Price, each in respect of the Notional Quantity per Determination 
Period; or (B) for the case in which Counterparty submits an offer to sell to 
Enron, Counterparty shall receive the Fixed Price and shall pay the Floating 
Price, each in respect of the Notional Quantity per Determination Period. 
Each calendar month during the term of the Transaction will be a 
Determination Period. The Notional Quantity per Determination Period is the 
volume submitted by the Counterparty via the website.  The Payment Date(s) 
will be 5 business days after both the Fixed Price and the Floating Price are 
determinable. The Floating Price shall be the average of the Index for each 
day in the relevant Determination Period.

The term of the Transaction shall be from the Effective Date to the 
Termination Date. The Effective Date is 01 Jan 2001. The Termination Date is 
31 Jan 2001.

(Note:  The following are 3 of 12 indices - examples - that will be 
applicable)
(Light Louisiana Sweet)
The Fixed Price for a Determination Period shall be the mean of the daily 
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the 
Crude Price Assessments section of Platt,s Oilgram Price Report for those 
issues published for the applicable Calculation Period, modified by the price 
submitted by the Counterparty on the website.  The Index for a day shall be 
the mean of the daily quotations for LLS under the heading "U.S. $/Bbl" in 
the Crude Price assessments section of Platt,s Oilgram Price Report for those 
issues published for the applicable Calculation Period. 

(West Texas Sour)
The Fixed Price for a Determination Period shall be the mean of the daily 
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the 
Crude Price Assessments section of Platt,s Oilgram Price Report for those 
issues published for the applicable Calculation Period, modified by the price 
submitted by the Counterparty on the website.  The Index for a day shall be 
the mean of the daily quotations for WTS under the heading "U.S. $/Bbl" in 
the Crude Price assessments section of Platt,s Oilgram Price Report for those 
issues published for the applicable Calculation Period.

(Midland Sweet.)  
The Fixed Price for a Determination Period shall be the mean of the daily 
first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the 
Crude Price Assessments section of Platt,s Oilgram Price Report for those 
issues published for the applicable Calculation Period, modified by the price 
submitted by the Counterparty on the website.  The Index for a day shall be 
the mean of the daily quotations for WTI Midland under the heading "U.S. 
$/Bbl" in the Crude Price assessments section of Platt,s Oilgram Price Report 
for those issues published for the applicable Calculation Period.

The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per 
month and the quantity shown shall be in Barrels per month.

==============================================================================
=====
STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano
x35491   x58986