kim,

below are the four "oops" trades the prompted my changing of the procedure.  
I left a voicemail for the trader to provide me with the phone number and 
name of the person who he spoke to but he never returned my calls.  I guess, 
if someone from Joe's group could please prepare the two termination letters 
and get them signed...

Thanks.
----- Forwarded by Tana Jones/HOU/ECT on 05/01/2001 01:59 PM -----

	Robert B Cass/ENRON@enronXgate
	04/25/2001 09:50 AM
		 
		 To: Tana Jones/HOU/ECT@ECT
		 cc: Jennifer deBoisblanc Denny/ENRON@enronXgate
		 Subject: FW: Request Termination Agreements for 4 EnronOnline Transactions 
W/ ATTACHMENT

Tana -
This e-mail includes the attachment.  It "fell off" my e-mail from last night.

Thanks -
Rob

 

 -----Original Message-----
From:  Cass, Robert B.  
Sent: Tuesday, April  24, 2001 6:29 PM
To: Jones, Tana
Cc: Moorer, Torrey; Denny, Jennifer; Thomas, Sheri
Subject: Request Termination Agreements for 4 EnronOnline Transactions


Hi Tana -  

We need your assistance in preparing termination letters for the transactions 
listed on the attached spreadsheet and described as follows:

On Friday, April 20, 2001, four transactions occurred on EnronOnline that 
were in error.  One transaction was with Coral Energy Holding L.P. and three 
transactions were with Morgan Stanley Capital Group, Inc.  As mutually agreed 
to by both the Enron commercial team and the respective counterparties, it 
was decided that each of the four transactions would not be confirmed and 
should be terminated.  

The exact specifics are detailed as follows:

? The transactions occurred due to an inadvertent entry in the actual 
production system of EnronOnline by a Product Control Group member, Melba 
Lozano.  Melba activated a product assuming that she was in the EnronOnline 
test system of EnronOnline.  

? The product transacted upon is normally managed by Frank Ermis.  However, 
in his absence on Friday, the product was managed by Matt Lenhart.

? Steve South, trader on the West Desk, called and notified both Morgan and 
Coral that the product had been posted in error.  All parties agreed that the 
transactions were not reflective of the normal pricing.  As a result they 
further agreed that transaction confirmations would not be necessary and that 
the deals would be "killed" on all sides.  (For reference of any telephone 
tapes that may need to be pulled, the conversations with the counterparties 
occurred around 2:00 pm.)

? No confirmations were generated as a result of the killing of the 
transactions in TAGG.

? I spoke with Mike Grigsby on Monday (April 23, 2001) and advised him that 
termination letters may be required by Legal.  He responded that he had no 
problem with that.

Tana, please advise if additional information is required to complete the 
termination letters or if another course of action is warranted.

Thank you,

Rob Cass
x35491