There is no attachment.

Stacey

 -----Original Message-----
From: 	Luong, Anita  
Sent:	Tuesday, October 23, 2001 2:37 PM
To:	Beck, Sally; Earnest, Scott; Fondren, Mark; Gossett, Jeffrey C.; Hickerson, Gary; Hodges, Georganne; Glover, Sheila; Loibl, Kori; Hall, D. Todd; Carrington, Clara; Prejean, Frank; White, Stacey W.; Swinney, John; Wood, Shelly; Hanson, Kristen J.; Kelly, William
Cc:	Abel, Chris; Wilson, Shona
Subject:	ERMS Discounting Memo

Attached is the ERMS Discounting Memo as of 9/26/01.   

Please note that the 9/26/2001 balance is based on the new method of calculating the discounting amount.  The changes that were made are as followed:

			Old method	New method
Physical contract 	55 days		55 days
Financial contract	55 days		5 days
Financial calendar	55 days		38 days

Please let me know if you have questions.

Thanks
Anita