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 -----Original Message-----
From: 	Zipper, Andy  
Sent:	Friday, May 25, 2001 9:10 AM
To:	'vviola@nymex.com'
Subject:	EnronOnline and NYMEX

Vin,

Glad we could hook up yesterday. 

The gist of what we are interested in is providing EnronOnline's liquidity to local NYMEX traders. I would like to explore the concept of NYMEX's clearing corp or another clearer standing in the middle between Enron and these locals. EnronOnline's architecture provides for a Master user, such as a Clearing Corp, to set up as many sub-users (local traders) as it wants. Each sub-user has trading rights as designated and controlled by the master. We would envision the Clearing Corp. handling it credit arrangements with the locals, and negotiating its relationship with Enron. I know this is pretty simple stuff, but every long journey starts with a small step. Please let me your interest in pursuing this sort of arrangement or a variant thereof.

Thanks,
Andy Zipper
Vice President
Enron Corp.