Lloyd,

No problem. I wanted to make sure that everybody realizes how 
detailed-oriented our tasks are
and that we have to be in direct communication with our counterparties.

Vince


   
	Enron Capital & Trade Resources Corp. - Europe
	
	From:  Lloyd Fleming                           07/14/2000 10:40 AM
	

To: Vince J Kaminski/HOU/ECT@ECT
cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam 
Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale 
Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT 
Subject: Re: Agenda for NY MG Metals Visit  

Vince,

I certainly think Anjam & Tanya should visit NY, but I simply had a concern 
that some of the questions being asked had already been covered by Anjam / 
myself and Andreas but had somehow not been communicated.

My message was not intended to convey any another impression.  I've also now 
spoken with Anjam & Tanya and clarified this.

regards

Lloyd




Vince J Kaminski
14/07/2000 15:04
To: Lloyd Fleming/LON/ECT@ECT
cc: Richard Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam 
Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Dale 
Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT 

Subject: Re: Agenda for NY MG Metals Visit  

Lloyd,

Speaking from experience, I think that it's critical for Tanya and Anjam to 
visit MG in New York
and establish direct relationship with technical people. Merging two risk 
management systems
requires handling many very technical issues and face to face discussions 
between IT and quants
 will be very helpful.  

Vince 



   
	
	
	From:  Lloyd Fleming                           07/14/2000 03:42 AM
	

To: Tanya Tamarchenko/HOU/ECT@ECT
cc: Andreas.Barschkis@mgusa.com @ ENRON, Richard Sage/LON/ECT@ECT, Vince J 
Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, 
Ted Murphy/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT 
Subject: Re: Agenda for NY MG Metals Visit  

Tanya,

I think most of your queries can be dealt with on the phone - I'll be at MG 
with Andreas today and we'll call you.   Most of these points have already 
been covered with Anjam in any case.  I'm also attaching a file downloaded 
from Mercur (MG's risk aggregation system) showing monthly total positions 
for each metal in each entity.  You can fairly easily create tables and graph 
what you want to see.  We can talk today about getting a full deal download.

Regards






Tanya Tamarchenko
13/07/2000 22:45
To: Andreas.Barschkis@mgusa.com @ ENRON
cc: Dale Surbey/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, Richard 
Sage/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, 
Stinson Gibner/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Ted 
Murphy/HOU/ECT@ECT 

Subject: Agenda for NY MG Metals Visit  

Hi Andreas,

Here are the issues we would like to discuss on our Thursday meeting in NY:

1. Inputs for options valuation, in particular the origins of volatility 
curves;
2. Information on exotic options structures (existing & potential);
3. The data flow (are we going to get data from London or NY).
4a. Storage of positions information at  MG. How to extract the positions 
info from
MG database into spreadsheets.
4b. Existing positions structure for each metal.
5. Introduction to concentrates trading business, key personnel.

Best Regards,

Tanya & Anjam

713 853 3997