FYI...
---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 10/06/2000 
01:18 PM ---------------------------


James New
10/04/2000 10:24 AM
To: Debbie R Brackett/HOU/ECT@ECT
cc: Hugo Moreira/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Mike 
Jordan/LON/ECT@ECT 
Subject: Re: RAC Feeds 29-Sep  

Debbie,

For UK Power, this was not officialised because we had a curve shift for 25+ 
years which was made in error. For the DPR we put a 'top side' adjustment 
through but because of the time it would take to re calc no re calc was 
performed. This should have been covered in the daily conference call. Was it 
?

For UK Gas, I thought this issue was closed on the conference call. We used 
the 30th as our month end as a result of the way the month end fell. The guys 
have now clicked the 'officialised' button for the 29th if it helps you, but 
we did not use that data (there shouldn't be anything materially wrong with 
it though).

What I think this highlights is that we will have days where we do not 
officialise and do not re run. In these circumstances we will put a top side 
through. We therefore need a mechanism to communicate this top side and I 
would request we get this in place as soon as possible (this has been 
requested a few times before).

Does this answer your questions ?

James


   


From:  Debbie R Brackett                                                      
       04/10/2000 14:25	
	
	
	                           
	

To: James New/LON/ECT@ECT, Hugo Moreira/LON/ECT@ECT
cc: David Hardy/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT 

Subject: Re: RAC Feeds 29-Sep

James,

Just received a note fron Steve Price that UK power was never approved for 
close of business 02-Oct. Can you or someone in your group respond to that as 
well as to my query as to the lack of approval for UK Gas for close of 
business on 29-Sep?( See below)

We are making a real effort here to understand why the Risk Controls groups 
are not receiving data on a reliable basis and input from your group is 
crucial. 

Thanks for your help,

Debbie


---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 10/04/2000 
08:19 AM ---------------------------
   


From:  Debbie R Brackett                                                      
       10/02/2000 10:18 AM	
	
	
	                           
	

To: James New/LON/ECT@ECT, Hugo Moreira/LON/ECT@ECT
cc: David Hardy/LON/ECT@ECT 
Subject: Re: RAC Feeds 29-Sep

Please clarify as much as possible. 


---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 10/02/2000 
10:17 AM ---------------------------


Steve Price
10/02/2000 10:07 AM
To: Debbie R Brackett/HOU/ECT@ECT
cc: David Hardy/LON/ECT@ECT, Phil Yoxall/LON/ECT@ECT, Suzanne 
Bain/LON/ECT@ECT, Jitendra Patel/Market Risk Management/LON/ECT@ECT, Oliver 
Gaylard/LON/ECT@ECT 
Subject: Re: RAC Feeds 29-Sep  

Debbie,

There is an MTM for the 29-Sep but is has not been approved. However, there 
is also an MTM for 30-Sep which has been approved. I think the risk managers 
would have the answer to why.

Steve


   


From:  Debbie R Brackett                                                      
       02/10/2000 14:30	
	
	
	                           
	

To: Steve Price/LON/ECT@ECT
cc: David Hardy/LON/ECT@ECT, Phil Yoxall/LON/ECT@ECT, Suzanne 
Bain/LON/ECT@ECT, Jitendra Patel/Market Risk Management/LON/ECT@ECT, Oliver 
Gaylard/LON/ECT@ECT 

Subject: Re: RAC Feeds 29-Sep  

Why no MTM for the 29th, that being the last business day for the month?



Steve Price
10/02/2000 06:40 AM
To: David Hardy/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Phil 
Yoxall/LON/ECT@ECT
cc: Suzanne Bain/LON/ECT@ECT, Jitendra Patel/Market Risk 
Management/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT 
Subject: RAC Feeds 29-Sep

All

Here are the feed timings for feeds for close of business 29-Sep

 I will send another mail when they have all completed 

    Approved  Send to RiskTRAC  Issues
UK + Cont GAS   10:59    12:31   MTM approved is for 30-Sep. No 29-Sep MTM 
approved
UK Power   10:24       Running now
Nordic Power   Not yet approved

Steve