That's right. 

 -----Original Message-----
From: 	White, Stacey W.  
Sent:	Friday, January 25, 2002 8:06 AM
To:	Evans, Casey; Postlethwaite, John
Subject:	RE: risk books for December

Please update me on the answer to the following e-mail.  I am almost certain I know the answer, but would like to make sure we are all on the same page.

Thanks,
Stacey

 -----Original Message-----
From: 	Koerselman, Lisa  
Sent:	Tuesday, January 22, 2002 9:29 AM
To:	White, Stacey W.; Gossett, Jeffrey C.
Subject:	risk books for December

I am following up to see where we stand on the risk books for December.  My understanding is that we will have at least 3 categories:  legally terminated, not performing but not terminated, and still performing.

The deals that are still performing should have liquidations, etc. "as normal" - the remainder will be "frozen" until an amount is settled with the counterparty.

I am inheriting the MTM group and am trying to get as much done before we split with the people going to NETCO, so if you can give me the status and ETA if the books are not done I would greatly appreciate it.

thanks
Lisa


Lisa Koerselman
x-53128