Is there anything they can do that we can't or are they just offering independence?  Given our equity stake in Kiodex, they're about as independent as LJM.

-----Original Message-----
From: Piper, Greg 
Sent: Wednesday, October 31, 2001 4:43 PM
To: Richter, Brad; Webb, Jay; Beck, Sally; Pickering, Mark
Subject: FW: Independent Kiodex analysis of EnronOnline risk?


I have my view.  Other collective thoughts on this? 

GP 

-----Original Message-----
From: R. Martin Chavez [mailto:martin.chavez@kiodex.com]
Sent: Wednesday, October 31, 2001 4:42 PM
To: Piper, Greg
Cc: Zipper, Andy; Webb, Jay; Raj Mahajan; Thomas Farley; Sean Maloney;
Raj Vaswani
Subject: Independent Kiodex analysis of EnronOnline risk?


Greg, we've been able to load thousands of EnronOnline trades into our Risk
Workbench, and we've correctly run risk reports on them.  Might we be of
service to Enron by loading ALL the EnronOnline trades into the Risk
Workbench, and running our risk reports on the aggregate?  I'm thinking that
such an independent analysis of at least part of Enron's risk position might
answer the requests, expressed among analysts and pundits in the FT, the
WSJ, and elsewhere, for greater disclosure.

Everyone is excessively worried about mysterious packages these days.  Just
as Enron pioneered transparency in the energy markets, Enron can set the
gold standard for disclosure of aggregate risk.  (I know the other dealers
will want to squirm their way out of following suit.)  I have supreme
confidence in Enron's risk controls, and I'm thinking that an independent
measurement of this kind could dispel the market's overblown and baseless
fears.

Please let me know your thoughts.

Kind regards
Marty

R. Martin Chavez
Chief Executive Officer
Kiodex, Inc.
+1 877 6 KIODEX
+1 646 437 3811   direct
+1 646 437 3832   fax
+1 917 294 6080   mobile
www.kiodex.com

 
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