Hi again,

 Some of you have been kind enough to supply me with information that can be 
used for the strategic plan (I am writing for Duffie).

 To assist you in gathering further information, it was suggested that I 
forward a preliminary outline of this strategic plan to your attention. 


Thanks in advance for your assistance,
Iris





Table of Contents

Executive Summary 
Highlights
 
Introduction 
What is Enron Credit? 
What is the business plan? 
What are the products planned? 
Current status: what we currently trade, how we price. 
What new models we need to achieve goals. 
What attempts are being made internally and what external commercial sources 
are available. 

SWOT Analysis 
Strengths 
Weakness 
Opportunities 
Threats 

Pricing Approach 
A diagram illustrating how various models are tied together for the overall 
objective of coming up with final CDS and DBS pricing. 
Brief description of each model shown in the diagram. 

Public Firm versus Private Firm 
What we have as first cut for modeling primarily public firms. 
Our understanding on public versus private firms, credit risk 
characteristics, data availability and possible modeling approaches. 
Our proposed approach/plan towards development of private firm model, 
including comparative analysis, model development, etc..

Portfolio Level Business Feasibility Analysis 
Accounting Breakeven Analysis 
Portfolio Theory 

Alternative (Short term) Measures 
KMV, Private Firm  Model 
Moody,s RiskCalc Model for Private Firms 
Comparison of KMV vs Moody,s Private Firm model  

Future Strategy 
Development of private firm pricing models (short- and long- tenor models0 
Completion of Parent/Subsidiary Model  
Risk Management Model for ECT Business 

References